10 Questions to Ask Before Quitting Your Job to Start a Business
Giving up the security of a full-time job to start your own business is a risky, often stressful move. "The biggest reason people don't end up quitting is the fear of uncertainty. They don't know what might happen and they don't want to give up the security that they already have," says Sean Ogle ...
Notes that one should pause and reflect on such a major decision, and if quitting a solid job is part of the plan, serious questions better be asked before action.
- What are the conditions of your current job, and are you deciding to leave it just because you are miserable?
- As the new designer of your days, what is a typical one going to look like?
- A new business needs food to fuel it, so how do you intend to locate sufficient funds to keep thing running for perhaps years?
- Creating a business is expensive, so have you thought about unexpected costs that will certainly arise?
- As the owner, you will also fill the roles of many employees, always shorthanded, and are you prepared to assume them?
- What positive and negative personal qualities are you carrying into the project with you?
- Have you tested the market, and if so who are your customers and competitors?
- Are your family, friends, and supporters ready to help you and deal with the problems a business creates?
- What will you do if you have to give up, and how will you recover from the loss?
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Source is Entrepreneur.com
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What questions have I missed?