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...
I'm on my 10th anniversary since I started and registered a business in 2010, and now it's 2020, 10 years later, and I'm going to share with you my entire journey and some tips on what I would do differently.
At the time, I worked full retail time as a visual merchandiser, which was all about styling and merchandising products. It was not what I wanted to do with the rest of my life because I had a degree in religious studies, and I didn't know what to do with it. I'm a coach by profession right now, and I was always fascinated with the universe, with God, with spirit. That's why I studied religion and different cultures, and philosophy was a big part of my studies.
When I graduated, I was like, "What do I do?" My options were to become a pastor, a minister, counselor, family counselor, and all of these things I did consider, but all didn't feel right. At the time, my mom struggled with a mental illness, and I supported her that way. My high school...