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...
Cherene Francis interviews Amoye Henry on partnering with Black Women Entrepreneurs and the FoundHers Research Project.
FoundHers is a nationwide research study examining the investment and financing options for Black women founders by a team of women researchers. They are mentored by Sandpipers Venture.
Hello, everyone, Cherene Francis here. And I'm so excited to have this special guest of mine. She's actually a long time friend of mine. We've known each other since our daycare days when I was three years old. And now she has really evolved as a woman in leadership. She is the co-founder of Pitch Better, a company that seeks to help small business owners, especially women and minorities, build their business, scale their business and get...