How do you know when it's the right time to leave your full-time job for your own business?
Our family has had a carpet-cleaning business for more than 28 years. My father has run the business himself all that time. In the spring my father and I decided to add a new division. This new division is property maintenance, and I am in charge of it. My concern is that we are growing it steadily, and my full time job is interfering with the growth. I feel if I had more time to dedicate to our business, I would be able to make it. But the benefits at the full-time job are becoming a big problem in discussions with loved ones. How can I get out of the full-time job and into my own?
If you have replaced at least half of your old salary in the new position, you can make the jump knowing you can replace the rest with new business.
As far as benefits go, you should look into a benefits package from the company's current provider, or contact your local chamber of commerce. Membership in a local chamber usually gives you access to the chamber's provider plans, which are usually discounted to members. Or go online and see what new plans are available to make your jump
to what sounds like a good opportunity better for you and your family.
All the best.
Brad Sugars is the founder and chairman of ActionCOACH. As an entrepreneur, author and business coach, he has owned and operated more than two dozen companies including his main company, ActionCOACH, which has more than 1,000 offices in 34 countries.