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When you're starting out and have limited capital, it is better to work and earn money through a normal job, than it is to quit that job to start a business, then later find that you have to take on debt or use up all your savings to make it happen. Lynn Smith
If you are thinking about quitting your job to start your own business, you should first test out your idea on the side. While still being paid at your current job, you can run your business and see how it goes. See if you are good at it or if it's something you really want to do. Lynn
There are a lot of reasons to keep your day job when starting a business. For one, it provides a steady income that can be used to fund your business venture. Additionally, it gives you the opportunity to test out your business idea on a smaller scale before quitting your job and going all-in.ย Lynn Smith
If you want to build a business and keep the lifestyle you enjoy today, then you need to be willing to take calculated risks. You also need to be able to accept criticism gracefully. Lynn Smith
Research has shown that those who kept their day jobs while starting their businesses were 33 percent more likely to be successful than their risk-taking counterparts. Lynn Smith.
By building your business while working full- or part-time, you will have the cash flow in the short term to get your enterprise off the ground. Lynn Smith
Leveraging your full-time job in the early days of your business, allows you to build on the firmer financial ground, increasing the likelihood that your enterprise will last and thrive through the initial stages. Thanks for sharing Lynn Smith.
Testing is important. You need to be able to gauge if your business idea works and how you can improve it. Don't just quit your job right away. Lynn Smith
Set yourself realistic goals and deadlines. Do not expect everything to happen at once. Take it one step at a time. Lynn Smith
CEO of Idea Grove and author of Trust Signals: Brand Building in a Post-Truth World
1yThere are many good reasons to keep your day job when starting a business. However, the most important reason is that it provide financial stability during a time of transition. By quitting your job and starting your own business, you are taking a big risk with your financial future. Therefore, it is important to weigh the pros and cons carefully before making any decisions. Lynn Smith