📺 Stream EntrepreneurTV for Free 📺

This Co-Founder Explains How He Determined When to Quit His Day Job and Become a Full-Time Entrepreneur Entrepreneurship can be scary, but that's what makes it rewarding.

By Rose Leadem

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

With entrepreneurship comes a lot of risk. And for Calvin Bohn, the co-founder and COO of Smalls, a company that creates cat food using human-grade ingredients, that risk meant quitting his day job to become an entrepreneur full-time with his partner Matthew Michaelson.

Related: 5 Crucial Steps for Launching a Business This Year

After talking about launching a business for some time, Bohn and Michaelson decided to take the plunge into entrepreneurship, investing all of their time and most of their money into a project that they weren't sure the future of.

"It became very clear that it was impossible to get this done on the side," says Bohn in the video. "[I] took the plunge, quit my day job and started doing this full-time with nothing more than a little bit of money in the bank to carry us for a few months."

Related: 5 Things Every Entrepreneur Should Know About Risk-Taking

As an entrepreneur, often this is one of the choices you'll face early on in business. And while it can be scary at times, it can also be tremendously rewarding. However, you'll need to be able to stomach the risk in order to take the plunge.

To learn how Bohn did so, click play to watch the video.

This video was shot at Pilotworks.

Rose Leadem is a freelance writer for Entrepreneur.com. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Starting a Business

Most People Have No Business Starting a Business. Here's What to Consider Before You Become an Entrepreneur

You need to find the right business opportunity at the right time and take the right steps to beat the odds.

Leadership

AI vs. Humanity — Why Humans Will Always Win in Content Creation

With the proliferation and integration of AI across organizations and business units, PR and marketing professionals may be tempted to lean into this new technology more than recommended.

Growing a Business

Who You Hire Matters — Here's How to Form a Team That's Built to Last

Among the many challenges related to managing a small business, hiring a quality team of employees is one of the most important. Check out this list of tips and best practices to find the best people for your business.

Leadership

This Leadership Technique is the Secret to Optimal Team Performance

Through my experience in business, I've found one particular leadership technique that works better than others.

Management

7 Ways You Can Use AI to 10x Your Leadership Skills

While technology can boost individual efficiency and effectiveness, it's essential to balance their use with human intuition and creativity to avoid losing personal connection and to optimize workplace satisfaction.

Business News

Passengers Are Now Entitled to a Full Cash Refund for Canceled Flights, 'Significant' Delays

The U.S. Department of Transportation announced new rules for commercial passengers on Wednesday.