Thanks for the heads up..

Quitting your job and go full-force in entrepreneurship could work for some people, but not for everybody. I myself a full-time entrepreneur and started my journey without a job dragging my feet :)

One thing to ponder: How would you finance your living expenses during the startup period? If you have a definite answer to that question – and “I’ll work on it” is not a definite answer – by all means, start your business full time!

Don’t get me wrong – enthusiasm is required in entrepreneurship. It’s a good thing and every entrepreneur should have it. However, you are right – your enthusiasm might cloud your common sense.

I’m not a party pooper, but again, don’t go all out unless you have ways to support your expenses while starting up. I heard too often stories about an entrepreneur goes back to workforce because his business failed miserably – due to miscalculating costs and risks related to entrepreneurship. Don’t be such a guy.

Thanks for the advice..
The reason I asked the question because my heart now can’t focus on my current job..
In fact, during my work day I’ve been doing some research & study about my future business..I know it’s not a good action, but that is my problem now..

I used to do several small part time businesses before, but weren’t last long..
And I think it is because of the lack of focus back then (it was during my study)..
So, I’m thinking that it is better for me to focus 100% on my future business..

Plus, like I said, since my expenses still at the minimum, I think I can work something out to cover up my expenses by doing my business..
But, my decision might be clouded by my own enthusiasm..
That’s why I need some advice..

Thanks..

Your drive for entrepreneurship makes you ahead of the rest 90% in the work force. Many think about going into entrepreneurship, but didn’t for some reasons – fear of failure is one of the major reasons.

Please don’t consider this as a professional advice, but if you want to lower your risk in starting up, I suggest you to keep your job while starting up a business. Once your business can at least replace the income from your job, then you can consider to quit your job and focus on your business.

Remember, the stats say that 9 out of 10 business fail within the first 2 years, no matter how promising a business seems. So you need to embrace failure as an integral part of your entrepreneurial journey. I like to “fail fast” so that I can start over better. My principle is if I fail faster, I can get to success faster, too.

I hope this helps…

but i’m willingly to start a business of my own soon enough…
i’m thinking that while i’m still not married, still have no car, no house etc.., so my monthly cashflow just as minimal as it can be includes the school loan, house rent & utilities…

so if lets say i wanna quit my job after the probation and focus more on the business, will that be a huge problem..??

tq

Unfortunately, blogs are mainly about opinions… Perhaps you’d enjoy reading business journals and scholar papers, instead :)

I agree that it might not be a compelling article (I’m not a good writer!), but I guess search engines and other visitors think it is – that’s why it lands on top ;)