Maybe You Should Keep Your Day Job

Over the last year I’ve seen several women entrepreneurs quit their full-time jobs in order to work on their businesses full-time.  Some of themLetter of Resignation had great success while others really struggled and ended up burning themselves out, put their businesses on hold, and headed back to a j.o.b.

The main difference that I noticed between the two groups was a lack of planning on the part of the entrepreneurs who struggled. The one’s who dove in head-first without checking out the water had a rude awakening when they hit bottom. The biggest challenge they had was that they had quit their jobs prematurely. One day, they just decided that it was finally time to grow their own business so they gave their 2 weeks’ notice and quit their job.

I know you have heard phrases like, “start before you’re ready” or “take the first step and the next step will appear,” well you also need to look both ways before crossing the street. There is a big difference between taking a risk and being reckless. A little planning and forethought goes a long way.

Here are the top 5 things you should do before you quit your day job:

1) Know how you are going to pay the bills.

Many of the successful entrepreneurs you see today were working at some type of job when they first started out in their business.  Sure, some of them were homeless and living out of their car or sleeping on their best friend’s couch, but is that really what you want for yourself? Their struggle doesn’t have to be your struggle. Not everyone thrives under desperation.

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