When should entrepreneurs make the decision to quit their day job?

Post type: question
11/20/12 at 9:04 am
Keisha Parker
Owner
Member Since: 10/9/12
Posts: 1
K.P. Business Support Services, LLC
Detroit, MI
78 replies so far Add Your Reply
Hi Keisha,

I truly believe that is a decision that only YOU can make. I quit my job in 2007 and have not looked back. I realized that I was working for someone else's dreams and goals. With prayer and faith I have managed to stay afloat. Business gets slow at times, but the man upstairs never fails me. You will wake up one and realize that it's time to quit. Good luck
11/20/12 at 12:23 pm
Wraps To Go
Owner
Member Since: 11/20/12
Posts: 2
Wraps to Go!
Baltimore, MD
I recommend that people quit their day jobs when they are 'comfortable' that they have more than enough business to take care of themselves and families. For each person that is different.

Congrats on your decision to become a business owner.

Maria
11/20/12 at 1:11 pm
Maria Marsala
Member Since: 4/3/12
Posts: 60

you can figure it out in dollars and cents, your time is worth money. Or you can go with your gut and passion. Maybe even both. I quit when I hit $1mil annual gross sales, I dont have a big profit from it but I am comfortable and can pay the bills. it came to a time I was not working the day job to do my business more than I was working then I found I never really had the time to do both well. But now it is different my sales are good and life is busy but with what I love. Good luck

Timothy Schar. C.E.O.
www.k-9patrol.com
www.k-9patrol.biz
11/20/12 at 1:48 pm
Timothy Schar. C.E.O.
Owner
Member Since: 3/11/12
Posts: 217
K-9 Patrol LLC
Detroit, MI
When you are able to sustain your standard of living and have enough money put away to get you through those "lean" times. I would suggest keeping your job until you are comfortable with managing your business during challenging economic times. Best!
11/20/12 at 11:25 pm
Mason Krangle
Financial Consultant
Member Since: 8/22/10
Posts: 76

I WILL NEVER QUIT MY DAY JOB YOU CAN NEVER HAVE TO MUCH OF MONEY THE ONLY WAY I WILL QUIT MY DAY JOB IS IF I MAKE 6,000 A MONTH

AND I STILL MIGHT NOT LEAVE THEN

IRBSO CLASSIFIED POST LAST UP TO 180 DAYS
http://WWW.IRBSO.COM
Last edited by JD Murry on Dec 19, 2012 at 1:38 am, edited 1 time in total.
11/21/12 at 12:14 am
JD Murry
Owner
Member Since: 11/9/11
Posts: 504
HostLeak
Houston, TX
When we make that first millon!!! lol
11/21/12 at 1:09 am
erica wright-lynn
Owner
Member Since: 11/14/12
Posts: 1
rebel cherry jewelry llc
Las Vegas, NV
@erica the first mil is the hard part it is all downhill from there =)

Timothy Schar. C.E.O.
www.k-9patrol.com
www.k-9patrol.biz
11/21/12 at 10:38 am
Timothy Schar. C.E.O.
Owner
Member Since: 3/11/12
Posts: 217
K-9 Patrol LLC
Detroit, MI
You should only quit your day job when whatever else you are purusing gives you
enough income that surpasses what you make on your day job. In some cases
you can do both, it just depends.

Personally, I turned to the stock market and with the proper mentoring I was
able to surpass my day job wages. I did both until I retired.

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11/27/12 at 3:04 pm
Ralph White
Member Since: 7/3/11
Posts: 60

From a financial standpoint, when your profits equal your "day job" income plus 6 months reserve. Just keep in mind that once you reach that threshold it isn't time to relax. It's time to re-double your efforts.

The beauty of it is that you are building your dream instead of someone elses.
11/28/12 at 12:40 am
Leland Burton Independent Associate
Member Since: 8/15/12
Posts: 48
Leland Burton, LegalShield Independent Associate
Long Beach, CA
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