Entrepreneur Plus - Short White
For Subscribers

Can You Afford to Quit Your Day Job? How to determine if you can afford to work on your startup full-time.

By Diana Ransom •

Opinions expressed by Entrepreneur contributors are their own.

Shutterstock

When Katie Finnegan and Erica Bell quit their day jobs at a New York-based consulting firm in May 2012 to work on their online fashion startup, Hukkster, they hadn't raised a single cent of funding. The company wasn't even earning any revenue when the twentysomethings decided to jettison their steady paychecks for the promise of startup stardom.

"We were bootstrapping with our own savings to build out the first version of the website," Finnegan says. "It was not the safest leap of faith."

This is a subscriber-only article. Join Entrepreneur+ today for access

Learn More Log In

Editor's Pick

A Father Decided to Change When He Was in Prison on His Son's Birthday. Now His Nonprofit Helps Formerly Incarcerated Applicants Land 6-Figure Jobs.
Lock
A Teen Turned His Roblox Side Hustle Into a Multimillion-Dollar Company — Now He's Working With Karlie Kloss and Elton John
Lock
3 Mundane Tasks You Should Automate to Save Your Brain for the Big Stuff
6 Things to Consider When Getting Out of a Franchise Agreement
Lock
The Next Time Someone Intimidates You, Here's What You Should Do
5 Ways to Manage Your Mental Health and Regulate Your Nervous System for Sustainable Success

Related Topics

Starting a Business Money Management Solutions Center SC Money Matters

Most Popular

See all
Chevron Right
Business News

After Being Told They Could Work From Home Forever, Employees Made Major Life Changes. Then, a New CEO Ordered Them Back to the Office.

Farmers Group CEO Raul Vargas is facing backlash for the change, but he says being in the office brings more "collaboration" and "innovation."

By Amanda Breen
Business News

Hedge Fund Pays NYC Interns $20,000 a Month on Average, Sent to Lavish Palm Beach Kickoff

Citadel is known for its over-the-top parties and company retreats.

By Emily Rella
Business News

'I've Got the Bug for Business': See All of Mark Wahlberg's Entrepreneurial Endeavors, From Marky Mark and the Funky Bunch to Wahlburgers

Mark Wahlberg owns businesses in several categories, including entertainment production, apparel, fitness, and nutrition.

By Sam Silverman
Business News

Uber Eats Deliveries Are Flooding a Los Angeles Neighborhood — Except No One Knows Who Placed the Orders

Residents of L.A.'s Highland Park neighborhood are once again the target of dozens of unsolicited Uber Eats orders. The "annoying and somewhat disturbing" mystery is gripping the city.

By Madeline Garfinkle
Business News

Pete Davidson Says He's 'Figuring It Out' After Buying a $280,000 Boat While 'Very Stoned'

The former "Saturday Night Live" star purchased a used Staten Island Ferry with Colin Jost in January 2022.

By Emily Rella
Money & Finance

3 Secrets to Streamlining Your Accounts Payable Process

Not all AP automation software is created equal. Leveraging the right AP solution that aligns with your unique vision and available resources will ensure your business grows without compromising its individuality.

By Francois Lacas