Should You Quit Your Day Job For Your Start-Up Business?

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Should You Quit Your Day Job For Your Start-Up
Business?
www.cynthiakocialski.com
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Many entrepreneurs dont quit their day job when
starting a business. They want to peace of mind
of a guaranteed income, yet they dream of
starting a new business no risk versus risk.
Their strategy is often to pursue both. They
start their new business as a side activity,
which consumes their leisure time. It is a very
viable approach, but it can become a flawed one
too.
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Heres an example. The founder of an online
advertising company started by working in the
evenings. His business idea took off quickly.
Within two years, his start-up had over 1.5
million in annualized revenue. As expected, he
quit his day job and focused on his start-up,
which continued to grow. In this case, the
strategy worked well.  
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This pattern continued on for more than a decade.
This particular entrepreneur became unhappy and
disillusioned on both fronts. He had gone to
college and graduate school. His day job was a
professional one, yet in never turned into a
career. He was often passed over for promotion
because he wasnt dedicated to succeeding at it.
He was always looking for the way out through his
side business.
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My point is many entrepreneurs keep their day
jobs and start a new business because they are
hedging their bets. If one avenue doesnt
succeed, they always have the second. However, as
you can see by the second entrepreneur, his day
job suffered and didnt progress because of the
start-up.  While starting a new business in
your off work hours is a viable strategy, if it
continues on for too long, it may mean that
neither the start-up nor your day job will be
successful.
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