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Small Business Ideas Forum

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Old 10th April 2017, 04:44 PM   #1

Join Date: Apr 2017
Location: Toronto
Posts: 7
Lightbulb 4 Essential Steps To Take Before Quitting Your Job To Start A Business

Hi folks!

Just wanted to share this post that our founder and I worked on recently.

We had this conversation about the financial considerations he took before leaving his job to start our company, and I thought it would be great to share his tips in form of a post for anyone looking to branch out on their own. The thought of leaving a steady income job and diving into something you're not 100% sure will succeed is daunting, but I think he makes some solid points that will at least leave you a good enough cushion to take the leap!

Here's the post: https://lighthouse.amidship.com/4-es...s-b532d0db53ce

Would love to hear your thoughts on any other considerations you took before you quit to start your own biz!



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Old 8th May 2017, 06:02 AM   #2
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Join Date: Mar 2017
Location: Austin, Texas
Posts: 136

Thanks for sharing, Dottie!

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Old 8th May 2017, 09:10 AM   #3

Join Date: Apr 2017
Location: Toronto
Posts: 7

No problem, Brooke!

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Old 11th July 2017, 02:31 AM   #4

Join Date: May 2017
Location: Pune, India
Posts: 42


The Essential Steps to take before Quitting Your Job to Start a Business

• Look at your monthly expense
• Estimate how long it will take to consistently hit your sustainable income
• Know the cost of your business
• Connect with people who are helpful

YRC is a Management Consulting Company, especially for the B-C Sector.
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Old 4th February 2018, 10:34 AM   #5

Join Date: Jan 2018
Posts: 66
Default Starting uip

I've started two businesses in the last 10 years. Sold each of them gone back to work for others then started over again.

Each time I worked part time on my new venture to be sure it had gotten to the stage when it covered my out outgoings. That way I know that if I work on it full time it will only get better.

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Old 4th October 2018, 07:43 AM   #6

Join Date: Nov 2017
Location: USA
Posts: 13

Thank you for sharing

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