When Should I Leave My Job to Start My Own Business

Many wannabe entrepreneurs cannot make their dream come true just because they cannot take the risk of leaving job and starting a business right away. Well, that's understandable; your job being the only source of income can be a big hurdle on the way to set up your own concern.

Here I will discuss the steps with which an on job executive can make a smooth transition from job to business.

Here it goes:

1. Define the Business Model: Determine what you’d like to do and also think about what others will pay for. To do this, you can take ideas from 2015 small business ideas and also by interviewing ideal customers.
2. Plan Things Out: Once the business idea and revenue models are finalized, now it's the time to develop your marketing and business plans.
3. Launch Beta: Since you are still on job, it's good to launch Beta version of your business with limited operations that you can easily manage along with job. While staying in the Beta, assess feedback and adjust things accordingly.
4. Get a Team Onboard.
5. Generate funding to start the operations.
6. Set up the structure of your company.
7. Leave your job.

Becoming an entrepreneur requires a lot of work before you even consider quitting your day job, and people with single source of income should never jump into business without a smooth transition as mentioned above.