The transition from a career at work to a new business is quite intimidating and scary. It is comparable to a dating site like 50plusmatch wherein you are excited to sign up and look at different profiles of people that you want to date. But the more you get into it, the more you become scared of what will happen next. Before you quit your job, you must ask yourself these questions first:
This is one crucial question if you are going to start a business. Do you have the capital to lift it up from the ground? If you do not have any money for the overhead of the business, then you must not quit your job yet. It is better to know that you have a source of income first and build your capital before going into any kind of business. You do not just go into business by faith. It takes a lot of planning and critical thinking to start a business.
Managing your own business takes up a chunk of your time from your hobbies, your interests, and probably time from your family. The good thing, though, when we decided to work together is that my partner in business is already my husband. This may not be quality time but at least we are spending each and every day together. And we do keep some time for ourselves to talk intimately with one another and have a laugh or two.
If you are going into the business world, you must be willing to sacrifice a lot. Be ready to put a lot of energy for the business especially during startup. Around 90% of businesses fail during the first year because owners tend to quit early. Keep on striving and sacrificing until you reach your goal. But, of course, your first priority is still your family.
You might just be using the business reason to quit your job but are not really thinking of going into business. You may be getting bored with the routine or you just hate your boss. That is the real reason why you are quitting your job. A great aspect of having a husband is that you have someone to talk to about these matters. Figure out what the reason is and determine if you really want to start a business.