I need some advice. I've been a receptionist for two years and am miserable and bored.
I'm starting to teach piano part-time and am finding that I love it! I could be making the same amount of money if I got 20 students that I make at the job I'm currently in.
Problem is, I can only teach after 5:30 pm and most students take lessons after school starting at 2:30.
Should I quit my current job now or wait until I have at least 10 evening students? I currently only have 3. It takes time to build up a good student base.
I am worried about not having healthcare and a steady income for a few months? Is is worth it to stay in this terrible job for those things?
Thanks for your help!
2007-07-02 12:29:28 · 6 answers · asked by Sleepdeprivd 2 in Business & Finance ➔ Careers & Employment ➔ Other - Careers & Employment
If you're so miserable in this job, you probably won't have the motivation or enthusiasm that would help you get ahead. Unless you can overcome this, the best would be to save all the money you can in order to go ahead with your plan. Check with your state's insurance board if there is an extended health plan law, that allows you to continue to pay the same monthly discounted premium as your present employer for a given period of time. This may help you with your transition and your concern of not having medical insurance.
If you are going to set up a formal teaching business, try to use this time to prepare your business plan, lower your debt if you can and start getting all the paperwork done (IRS, professional insurance, permits, etc.) before you quit. You need to be prepared to deal with the corresponding legal requirements and it's better if you start early. Plan on generating 1.5 times what your take home pay is expected to be to cover for taxes, social security and other required expenses or contributions. Work up a reserve to cover for unforeseeable setbacks or slow times.
Being your own boss is sometimes scary, but with good planning you should be able to get ahead and it will do wonders for your personal sense of achievement. If things go right, you may be able to hire assistants or teachers specialized in other musical instruments. Check out business tips through SBA or other special financial assistance programs for start-ups. Go to www.sba.gov for more information on financial assistance for small businesses.
Good luck!!
2007-07-02 14:19:48 · answer #1 · answered by Periwinkle 2 · 0⤊ 0⤋
Stick with the receptionist job in order to maintain health benefits. Even though you mention that you have limited hours during the weekday in which to teach piano students, what's happening with the weekends? There's still two weekends in a week in which to build up your piano clientele. Giving up any social life on the weekends -- may be in order.
Good luck!
2007-07-03 02:19:06 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you are teaching privately, you won't have healthcare. You'll need to make more than you currently make in order to afford the healthcare.
Maybe you could find a part time morning job and teach in the evening.
2007-07-02 19:33:17 · answer #3 · answered by Tim 7 · 0⤊ 0⤋
Do you like being a receptionist? If so, try looking for another receptionist job. Rule number one about a job. Never quit one before you have another one. You will always need healthcare so don't mess that up.
2007-07-02 19:35:26 · answer #4 · answered by Solomon Grundy 7 · 0⤊ 0⤋
earn extra ...from home at your leisure.....Make Easy Money giving Surveys online. Make upto $25 per hour.
2007-07-02 19:41:46 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Do what makes you the happiest, everything else will wok out from there
2007-07-02 20:46:38 · answer #6 · answered by Pengy 7 · 0⤊ 0⤋