Should I quit my job and focus full-time on my business venture?
Hello, I am a mother with rent and alot of expenses. I have two business ventures that I am working on one is selling handbags and costume jewelry on the weekends at street fairs. The other is I do Professional resumes for people in my community. I want to take my handbag venture further and start designing my handbags. I get stuck and don't know what to focus on. I feel real positive about everything I am doing. I have good people surrounding me and alot of support. I am not afraid to fail but I want to know should I really quit my job or wait until my demand is overwhelming and then make a decision. Help, help, help!
I suggest you plan a break even point unless you have financial backing for your handbag business. Leavng a job, with known income, for the uncertainity of a full time business can be so stressful that the pressure to produce just overwhelms you. I would look for a better paying part time job and/or get a better paying full time job so you can sock away some money for your business. Look for ways to pssively sell your handbags such as e-commerce so you can build a fund.
No, do not leave a full time position until you have some money behind you.
Marilyn August, founder of Wealth & Wisdom Seminars and author of Journey to Wealth & Wisdom, facilitates personal and business wealth transformations. She advises a growing number of business owners and commissioned sales professionals to help them increase their profitable productivity.