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Old 07-03-2006, 07:20 PM
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Tiaslove Tiaslove is offline
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Question

I would like to know how can your small business thrive if you work a fulltime job that you hate. When is the time to make the move to just work for yourself? I do know the general rule of don't quit your fulltime job until your small business can pay for it's self. But what if 80% of your time goes into your fulltime job and not your small business. Right now it's paying for it's self but I feel deep down inside that it could do so much more if I could give it 100%.

Please help!!!
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Old 07-04-2006, 06:41 PM
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Peter T Davis Peter T Davis is offline
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Well, that's a tough situation, but in my opinion it wouldn't be less tough if you weren't trying to operate a business. This way, at least you can channel that hate of your day job into energy to build your business.

Many people start out while still working a full time job. You're in good company there. I did. I think the key is really to be sure that the type of business you're starting (and you didn't get into that in your post) is something you can do part-time during off hours.
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Old 07-04-2006, 07:02 PM
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Well Peter I have tried to do my fulltime job which by the way is Mon-Fri 8am -4:30 pm. I come home cook dinner and start to work and I try to work at HL until 11:00 pm at night. I found that now that the business is really growing I am behind and I feel like I am neglecting my clients. I have found that I can't work it part-time.
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Old 07-06-2006, 12:13 PM
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Peter T Davis Peter T Davis is offline
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Does it feel like time to go into the business full-time? Generally, people wait until they feel they can replace the income of the full-time job. Another alternative is to get some freelance help with your business, to help you get some of the routine things done to free up your time for the more critical things like making your clients less neglected.
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Old 07-23-2006, 12:31 AM
bmcconn3 bmcconn3 is offline
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Peter is right. If your business is generating equal to or more revenue than you full time job, then you may think about quitting. Also this is common sense, but you have to think about the sustainability of the biz. Nothing like quitting your full time and your business going downhill for whatever reason. I'd be sure to leave my job in good terms. You also have to think about things like taxes, health insurance, retirement, etc..

Im a second year business student, and I would think any college student would jump on the opportunity to do the less critical work of the business whlle you're at work. so you would have time to deal with the most important things from the 5-11 period.

If the business is doing well financially, this may be a very cost efficient solution.

May I ask in what kind of business are you involved?
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Old 08-02-2006, 04:39 PM
bizdev bizdev is offline
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Tia, if your part-time, new, Internet business can't pay your personal expenses then there is no question. You cannot quit your full time job yet. Can you find a part-time job first before leaving the full time job? If you drop your regular income too soon you will find yourself in a much worse situation than you think you're in now.

When I opened my retail store, I kept my full-time job and had my daughter run the shop during the day, I did pm's and weekends. I was working 7 days/80 hour weeks and thought I would die of exhaustion. But I left the full time job too soon. Everything suffered. The business wasn't ready to sustain my personal expenses and the business expenses.

So, difficult as it seems, don't leave the full time job too soon.
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Old 10-09-2006, 06:25 AM
The Consultant The Consultant is offline
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Re: Question

You may want to consider going on guru, companyexpert or elance to hire some people to assist you until you can work on the business full time
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Old 10-12-2006, 07:40 AM
Triton Triton is offline
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Re: Question

Unfortunately it means you have to work nights and weekends and use technology to support clients during the day like autoresponders and an advanced phone system.
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