Subscribe to Entrepreneur for $5
Subscribe

10 Things All Entrepreneurs Must Do Before Quitting Their Day Job

By

Before running a business full time, many entrepreneurs toggle between their day job and a dedicated side hustle. So how do you know when it's time to take the leap and leave your steadier gig behind? If you can check these items off your list, consider your decision made and exit your current job on a positive and graceful note. And for four more indispensable startup tips, check out the video above.

Related: 5 Tips from Entrepreneur Pros on Starting a Business

  1. Research. Do the requisite market research, talk to potential customers and scope out your competition.
  2. Legal. Engage an attorney to trademark your ideas and incorporate the business.
  3. Web presence. Buy a domain and build a dynamic website. Make sure customers have a way to get in touch with you and your team.
  4. Money. Open a bank account specifically for your business
  5. Social media. Find the platforms that work for you and start building the support of your customers.
  6. Identity. Develop a consistent brand from your logo to your voice on social media.
  7. Team building. Work with like-minded co-founders and assemble a support network of investors and advisors.
  8. Business plan. Can't take action without one.
  9. Budget. Make sure you have clear, separate books for both your business and personal expenses.
  10. Presentation. You're going to have to share your vision with many people as you get the company off the ground. Get your business proposal presentation in top shape.

Related: 4 Hidden Elements of Leadership to Learn Before Starting Up

Latest

These 13 Founders Share Their Number 1 Piece of Advice to Help You Set and Achieve Your Business Goals

From time management tips to shifting your energy these founders share their go-to business tips to help you thrive in 2023.

Why Founders Are Hiring These Two Coaches to Supercharge Their Business

Ankita Terrell and Emily McDonald share how they serve as strategic cofounders to help top female founders scale.

CookUnity CEO Mateo Marietti on Connecting Chef to Consumer

CookUnity CEO Mateo Marietti talks about founding the meal subscription service, a sustainable-minded business model, and becoming the "Spotify of Food Delivery."

Unleash Unshakable Confidence in 7 Days

In the cut-throat business world, self-doubt can be the difference between success and failure, costing you everything.

60 Second Business Tip: How to Stop Getting Ghosted

Business development consultant Terry Rice shares simple ways to win deals.

This Entrepreneur Created an Index to Help You Measure The True Value of The Real Estate Market

The CEO of Empowered Investor sits down with Jessica Abo to discuss the Hartman Comparison Index and his predictions for 2023.

David "Rev" Ciancio on How To Master Restaurant Marketing

Marketing Expert David "Rev" Ciancio discusses the importance of publishing honest social media video content, simple branding strategies, and creating a new type of restaurant conference that actually helps you grow your business.

3 New Ways to Develop Laser-Like Focus

To boost focus in the face of distractions, you need a new approach to success.

60-Second Business Tips: Three Ways to Boost Your Productivity

Business development consultant Terry Rice shares simple ways to get more done.

Ryan Peters of Peters Pasta on Making Content Creation into a Business

Interview with content creator and Peters Pasta founder Ryan Peters about going viral on TikTok, transitioning to full-time content creation, and picking the right brand partners for collaboration.

How This Entrepreneur Went From Broke to $2.3 Million in Sales

He used the '3 E Method' to turn around a failing business in a few short months.

Chef Joe Isidori of Arthur & Sons NY Italian on Finding Your Authentic Voice

Interview with restaurateur Joe Isidori about opening Arthur & Sons NY Italian, modern restaurant culture, and leveraging social media as a wellness tool.

The No.1 Most Bankable Skill You Must Have to Succeed in 2023

If you don't foster this skill, you'll fall behind the pack financially and professionally in 2023.

Discover Entrepreneur Series

Whether you need advice on how to get your business off the ground or you’re just looking for inspiration, our video series have something for everyone. Browse our library below to find a series that speaks to you and your interests.