Starting a Business

At what point should I make the full leap from my day job to my startup?

I have a photography business that I'm starting up, but don't know at what point I should make the full leap from my day job to this startup. Is there a certain amount of income I should reserve before I make the transition?
Guest Writer
Entrepreneur, Business Planner and Angel Investor
min read
Opinions expressed by Entrepreneur contributors are their own.
Wow, you've certainly pinpointed the right question. However, for better or worse, you have to answer it for yourself. There is no magic formula that they teach in business school or pass from generation to generation--it's all a matter of who you are, how much risk can you take, and how much uncertainty you can deal with.

You have to deal with your gut.

Also, consider your situation. How deeply are you in debt? How much do you and anybody else depend on your income? Do you have a strong family that can serve as a safety net? If you're young and unattached you can probably take more risk than if you're already on the edge of debt and supporting others.

If it's any consolation to you, you have a lot of company.

More from Entrepreneur

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place.
Enroll Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

It Started As a Joke and Turned Into a Startup That Raised $1 Million in Funding