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...