All articlesThere isn’t a fixed formula for knowing the perfect time to leave your 9 to 5. If you decide to quit at any time, you would still be taking a leap and jumping into the unknown. It is okay to be nervous about leaving your secure source of income to start or focus on a business that isn’t. However, if you have a plan, you can have a smooth transition to entrepreneurship.
Here are some things you can do to better prepare yourself to plunge headlong into your side hustle full-time:
- Do your research.
Be sure you have a big enough market for what your business wants to sell. A lot of people jump into starting businesses without first doing thorough research to be sure there are people interested in buying what they are selling and they end up failing. If your business is in the same niche as your 9 to 5, use your 9 to 5 to see how the business is performing in the market. Request access to marketing reports and study them extensively. Study customer patterns to know what motivates, interests, and challenges them, this would help you focus your business accordingly and you could use this information to create a niche for yourself. This way you are laying the groundwork for your business and still getting paid.