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Reply to "Already have a great, flexible job...should I start a small business?"
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[quote=Anonymous]Stay put -- if not for the salary, then for the benefits. I would continue to run the business on the side but run it like a true business and not a hobby -- whatever that may mean for you -- website, set pricing, incorporate the business etc. Then see how much money you're making and how much time you're spending when it isn't just a hobby. If after 1 yr, you are making an amount proportional to your total comp (salary + benefits), then you can think about pursuing it full-time. And in that 1 yr, you should save as much as you can, to give yourself options in case you do go into business for yourself. Alternatively, depending on what the business is, can you take a leave of absence from work to get it up and running during a "test period" and then you can see how to pursue this. If you have a job that you like -- even if you don't love it -- don't throw it away without a solid plan in place.[/quote]
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