2006-06-21 14:44:57 · 9 answers · asked by Mr. Advise = ) 2 in Business & Finance ➔ Other - Business & Finance
To be successful in a small business requires 150% of your time and effort. Most successful small businesses were started by people who devoted all of their energies to the new business.
Those who waffle between their own business and a job virtually always fail at both. The business fails because they can't devote the time and effort needed to make it succeed, and they lose the "regular" job because of the distractions and concerns over the new business.
Look at it this way: You got your current job and can always get another one should the business not work out. But this MAY be your ONLY opportunity to strike out on your own. Go for it!
I have a good friend who quit his job to start a business. Things went well for a while but eventually it failed due to poor financial management on his part. When his former employer found out about that, they offered him his old job back. Needless to say, he was good at what he did and hadn't burned any bridges when he left. He stayed with them for 2 more years and struck out again on his own, having learned from the mistakes he made the first time around. That was just over 4 years ago and he's doing very well indeed with the new business.
Nothing ventured, nothing gained.
Failure is the only possible result from not trying in the first place.
2006-06-21 15:04:58 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
Start the business and keep the job .
It will take more effort but at some point if your business is going the way you want you will be at a point that you will decide which is better ...your regular "I have a boss job" or "I am the boss job"
Don't throw your badge or burn any bridges.
It take 5 years to make or break a business (statistically)
2006-06-21 14:53:49 · answer #2 · answered by Buzz and Gang 2 · 0⤊ 0⤋
Why not start small on the side, while keeping your job. As your business grows and you take in more income, you can decide when it is time to quit your job.
2006-06-21 15:27:03 · answer #3 · answered by Susie 2 · 0⤊ 0⤋
how good of a job was it, how happy were you? do what makes you happy. i quit a job after 25 years and started a business. Wish i would have done it 25 years ago. The key to the small business thing is credit. Make sure you have good credit, and plenty of different sources to get it. dont rely on just one creditor.
Be prepaired to work more, it is alot more work but your the boss now.
2006-06-21 15:12:33 · answer #4 · answered by richcu 2 · 0⤊ 0⤋
Don't quit your job unless you have atleast $250,000 saved. Work them both until you get established in your small business, that is you have atleast 100 clients. Its harder to
find another job than it is to quit. Be realistic, many small businesses never make it. Good luck, and make lots of money!
2006-06-21 15:12:15 · answer #5 · answered by PETER S 1 · 0⤊ 0⤋
There shouldnt be any problem if u do it by email and if u so worryed about them being understaffed then recomend one of ur friends work there u must know someone looking for a job
2016-05-20 10:09:28 · answer #6 · answered by Anonymous · 0⤊ 0⤋
you should be.... dont quit your job until you know for sure that your small business will pan out, otherwise you will be sol.
2006-06-21 14:51:33 · answer #7 · answered by samikay2683 3 · 0⤊ 0⤋
ask ur boss if u can come back sometime. and also do it as a part time job.
2006-06-21 14:49:09 · answer #8 · answered by Anonymous · 0⤊ 0⤋
ask him for a weeks vacation see if your buisness is pulling in enough money if it is then quit
2006-06-21 15:01:44 · answer #9 · answered by deadkid97 3 · 0⤊ 0⤋