| Re: small business owners
It is harder than you would imagine. Don't leave the stability of your job until you have plenty of savings to see you through. Depending on what you go into, it can take a long time to achieve enough profitablity to cover both personal and business expenses.
I often advise people that if they can keep their regular job and start their businesses on the side they should do that. Or if you have a spouse that can run the new business while you continue working you might consider doing that.
The beauty of an Internet business is you can start that on the side while continuing with your "day" job. It is much less costly to start than a brick and mortar business. It can however, take a long time to make enough to replace your regular paycheck.
You also need to keep in mind that you will need to provide your own health insurance. You may no longer have the perks you likely have from your corporate job. It can be a tough adjustment. However, being your own boss...priceless. |