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Hey guys and gals, I bet there were numerous posts about this but I would like to get a fresh 3rd party feedback.
I need to make a decision.
I have an idea, I know how to execute it, I really don't need to invest much apart time.
Currently I work in another city and I’m struggling between 2 which is very time/money consuming.
I earn quite much but as we know, it doesn’t matter, it’s still a job with a boss, risk of firing etc.
I also have a small side income and by now I have saved about 20k + 10k car which I would sell and buy something cheaper (if I were to leave my job).
What I’m struggling with is that I can’t do both – work and at the same time develop my project. I am too tired in the evenings and weekends are spent with my family because I don’t see them from Monday to Friday.
If I leave my job, I won’t have an income, but I would have all the time to work with my business.
I know it's been told that you need to leave your job only when you developed your business enough to support you financially.
Now the question is, can I leave my job and work towards my business, when let’s say there’s no income but only a bit of savings?
What did you do when you were in a similar position?
I usually don’t spend much, I know how to save, I have a place to live.
By my estimation profit from my business would be visible only in 10 to 12+ months’ time.
Btw, I’m 29 now, I feel quite experienced from my previous workplaces and I know I need to move already with my own thing and not side hustles (though I had really profitable ones).
Thank you for reading and for your thoughts!
Edit: I QUIT MY JOB.
This decision was quite tough for me for a lot of things, if the business won't work it may be hard to get back to an office job, no steady income for maybe even a year etc.
Bottom line: IF I DON'T TRY, I WILL NEVER KNOW!
I need to make a decision.
I have an idea, I know how to execute it, I really don't need to invest much apart time.
Currently I work in another city and I’m struggling between 2 which is very time/money consuming.
I earn quite much but as we know, it doesn’t matter, it’s still a job with a boss, risk of firing etc.
I also have a small side income and by now I have saved about 20k + 10k car which I would sell and buy something cheaper (if I were to leave my job).
What I’m struggling with is that I can’t do both – work and at the same time develop my project. I am too tired in the evenings and weekends are spent with my family because I don’t see them from Monday to Friday.
If I leave my job, I won’t have an income, but I would have all the time to work with my business.
I know it's been told that you need to leave your job only when you developed your business enough to support you financially.
Now the question is, can I leave my job and work towards my business, when let’s say there’s no income but only a bit of savings?
What did you do when you were in a similar position?
I usually don’t spend much, I know how to save, I have a place to live.
By my estimation profit from my business would be visible only in 10 to 12+ months’ time.
Btw, I’m 29 now, I feel quite experienced from my previous workplaces and I know I need to move already with my own thing and not side hustles (though I had really profitable ones).
Thank you for reading and for your thoughts!
Edit: I QUIT MY JOB.
This decision was quite tough for me for a lot of things, if the business won't work it may be hard to get back to an office job, no steady income for maybe even a year etc.
Bottom line: IF I DON'T TRY, I WILL NEVER KNOW!
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