Are you wondering if you should quit your job and jump into your full-time entrepreneurial business?
The first thing you're going to want to do is to consider how much money you need to live. What do you need to sustain your current lifestyle and way of living? What do you need for rent, for groceries, for hydro, or any of the things you call necessities in your life?
You're going to want to ensure that you're able to make that income and more. Be able to cover your business expenses and have more left. The worst thing is to have to live paycheck to paycheck or client to client as a business owner or entrepreneur. So you want to make sure you also have a buffer. Calculate what it's going to take to maintain your living and what you need to earn to do that. It depends on what your threshold or risk threshold is, personally.
I'm a risk-taker. For example, I remember that I quit my job, and I was living paycheck to paycheck, month to month, in my...
My journey started a couple of years ago when I was sitting on the couch and I realized that I was sick and tired of being sick and tired.
I was so out of shape and overweight I thought, "that's not really how I want to go through life cuz my kids are going to be getting married and I wanted to be able to participate in their wedding ceremony, dancing, that sort of thing.
So I decided to start eating healthy and the weight started coming off which gave me more energy and led to wanting to work out.
And all my friends started recognizing that I lost all this weight and I was working out and doing really well, so I started a Facebook group to post my recipes and secrets.