How to Transition from Job to a Business

nomad

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A lot of people are not satisfied with their job and want to start their own business. If you are also thinking about giving up your job for starting a business, here are a couple of things you should consider before quitting your job and creating your own business:

Start small, do not spend a lot of money right away.

Have at least 6 months of budget for your personal expenses in your emergency funds

 

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Springtime

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I agree that if you want to quit your job and start a business, start small. Make sure you have enough funds to do it. Some people even do two things at the same time. Start the business but keep the job for a while. If your business is doing well, it's time to quit the job.

 

nomad

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If you try to switch abruptly and if your business does not work, you might get into a trouble. I have seen this happen to a lot of people, including my cousin.

 

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Fidelia

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Start running your business part time before you quit your job fully. That would allow you to establish the business firmly before leaving your job.

 

Niyi Briggs

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Moving from a job to a business is not an easy thing especially when you consider that nothing is guaranteed in business.

 

Shavkat

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The only thing that it can happen is to have enough business capital. In this way, the transition will be easier as compared to having bank loans and the like.

 

nomad

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Fidelia said:

Start running your business part time before you quit your job fully. That would allow you to establish the business firmly before leaving your job.

Click to expand...

That's a good strategy. You first need to work part time and build an income, once your business is ready for next level you can quit your job.

 

uptrendfinancialsignal

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It’'s so scary but I will tell you that it's really an exciting journey. First thing is , you've got to have a solid business idea on ground.

 

Reedex

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It should be a game-changer becuase there will be room for freedom, creativity, and a sense of purpose too.

 

flower

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This is indeed a journey and it's not always easy as there are ups and downs, highs and lows in this and you need to be passionate about it.

 

uptrendfinancialsignal

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Let me tell you, it’s a big decision, But if you're ready for the challenge, it can be a very good way to reward your passion.

 

Reedex

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You will achieve success in this if you're willing to take the risk, it can definitely pay off big time but it needs patience and perseverance.

 

flower

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It could be a lifestyle change But if you're ready for the challenge, it can be so incredible and also very rewarding as well. There have been ups and downs in this .

 

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King Belieal

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• #14

uptrendfinancialsignal said:

It’'s so scary but I will tell you that it's really an exciting journey. First thing is , you've got to have a solid business idea on ground.

Click to expand...

It is something that you don't just wake up and do. You should have months or even years of planning before you would be able to succeed with switching from jobs to business.