The $100 MBA Show MBA2080 Q&A Wednesday: Do I need to quit my job to see my startup succeed?
It’s the classic conundrum for aspiring entrepreneurs: can I build a truly successful business without ditching the 9 to 5?
It’s Q&A Wednesday, and we’ve got a listener who’s caught between the safety of a regular paycheck, and the promise of independence.
Their side-hustle is established, but its growth is held back by the demands of a conventional job. Is it possible to reach “escape velocity” while holding down a regular gig? Can you only quit once your business is thriving enough to support you, or is thriving only possible after you quit?
The answer may vary, depending on what kind of business you’re building.
Today, we lay out the path from regular job, to side-hustle, to full-blown entrepreneurship. By meeting certain benchmarks (and being ready to cut certain expenses), you can make a relatively safe transition.
How long it takes is subject to variable, which we’ll explore. Get the basic breakdown of what needs to happen before you hand in that resignation, and how long it should take. Click Play!
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