Episode 47. When should I quit my day job?
In this Big Questions, Short Answers episode, we’re talking about how to know when it’s the right time to quit your day job. Sometimes our day jobs are totally exhausting, which leads us to find other ways of earning income—ones that don’t compromise our mental and physical health.
When is the right time to let go of your job? Well, it’s complicated. I’m sharing the questions I asked myself before I quit my day job to focus on my business full time. Are you able to cover your expenses with your current client list? What will you do if you lose income? I’ll talk through the phased approach I created to ensure I was still able to take care of my and my family’s needs.
At the end of this episode, we’ll also discuss what to do when you aren’t ready to launch your business, but you can’t stay at your current job either. We’ll weigh the questions to ask to help you determine your next move.
Episode highlights
1:15 Whenever possible, start building your business on the side while working a day job.
4:10 How will you cover your expenses while you build your company? What’s your backup plan?
5:36 When is the right time to quit or change a full-time job?