5 STEPS TO TAKE BEFORE QUITTING YOUR JOB TO BECOME

AN ENTREPRENEUR

MAKE SURE YOUR IDEA IS VIABLE.

Billions of ideas are born every day, but not every idea is a good idea, and unfortunately, not every good idea is a viable idea. That viability factor is what usually fools people.

IN THEORY, YOUR BUSINESS IDEA MIGHT BE BRILLIANT -- SOLVING A VERY REAL NEED IN AN INNOVATIVE AND

INTERESTING WAY --EFFECTIVELY

A SOLUTION, EVEN A GREAT IDEA CAN FALL FLAT.

PREPARE FOR THE REALITIES OF ENTREPRENEURSHIP.

Most businesses fail, and most entrepreneurs end up going back to work. Most of those glamorously successful entrepreneurs spent years developing their ideas, coming to the brink of failure or flat-out failing many times before eventually finding success.

YOU GET TO BE YOUR OWN BOSS, MAKE YOUR OWN RULES AND BUILD SOMETHING UNIQUE FROM THE

GROUND UP. ENTREPRENEURSHIP IS REWARDING, BUT

OF ENTREPRENEURSHIP TO BE PREPARED FOR THAT.

ESTABLISH A PERSONAL FINANCIAL PLAN.

Quitting your job means your main line of sustainable income will disappear. Your personal finances need to be in immaculate order before you allow that to happen.

TO PREPARE FOR THIS, TAKE A LOOK AT EXACTLY HOW MUCH MONEY YOU NEED TO CONTINUE YOUR CURRENT

LIFESTYLE AND HOW MUCH MONEY YOU HAVE.

EVEN IF YOUR BUSINESS IDEA IS GREAT AND VIABLE, IT MAY STILL BE MONTHS OR YEARS BEFORE YOU CAN

DRAW ANY MEANINGFUL REVENUE OR INCOME FROM IT. EVEN THEN, YOUR REVENUE WILL PROBABLY BE

MINIMAL AND INCONSISTENT.

TALK TO PEOPLE.

Ultimately, quitting your job has to be your decision. But before you pull the trigger, its worth your time to talk to others about your options.

You may find these alternative perspectives illuminate problems you didnt know were there or help to put your mind to ease.

TALK TO YOUR FRIENDS ABOUT WHETHER THEY BELIEVE YOUR IDEA IS PROMISING.

TALK TO YOUR PEERS AND MENTORS TO SEE IF THEY HAVE ANY ADVICE.

TALK TO YOUR SPOUSE ABOUT WHETHER HE OR SHE IS READY TO TAKE THE RISK WITH YOU.

MAINTAIN THE BRIDGE.

Once youve decided to move forward and quit your job, the last step is to quit your job in the right way. Never, ever burn a bridge in the professional world.

Talk to your employer candidly about leaving, give them as much time as they need to find a replacement and exit as smoothly as possible to preserve your relationship.

ALSO A CHANCE YOUR IDEA WILL BECOME A

WITH YOUR FORMER EMPLOYER IN A MUTUALLY BENEFICIAL RELATIONSHIP.

THESE FIVE STEPS AND YOU STILL FEEL GOOD ABOUT LEAVING TO BECOME A FULL-TIME ENTREPRENEUR,

SHOULD STOP YOU FROM QUITTING YOUR JOB.

https://www.entrepreneur.com/article/249796