When do you go Full-time?

[Matt Koshko]

I'm really interested to hear how others value the decision of going full-time, self-employed. Obviously doing so can be a very big deal especially when it comes to online.

 

What qualifications in your business are required before you make that jump?

Is there a revenue number (not that we need to know the actual number) to get you there?

Is it a steady business over a certain number of months or years?

[David Rivett]

I am already full time self employed as a Private Hire Diver in Leeds but hope to go full time in my newly formed company Eco Fuel For Life. I help people save money on fuel costs in motor vehicles and also in oil fired central heating.

 

 

[Chemical Free Living]

Its a fine line to say the least especially when you have more responsibilities other than just worrying about yourself. A family person may have more to risk by taking the dive...saying that they also have more to gain. I would suggest the best time is when you are able to replace at least the majority of your current income (if you are just living pay check to pay check) with your new business and if you are the main bread winner in your family. If you don't have those responsibilities then the decision may be easier for you. Personally I have just started a small business with my fiancé on top of my current job. We have been setting up our base platform, making sure we have our t's crossed and i's dotted and now are spending more and more of our time invested in growing our business. When our new business generates my current income I will then go full-time. In a perfect world I would just quit my current job and jump straight in...don't know how much my mortgage would love that though. I know I would.

 

- Dan

[Matt Koshko]

@David - Glad to hear. Keep it up!

 

@Dan - Nice to see you here, buddy. That's a reasonable decision and honest. The challenge and risk is the ability to maintain that income. Most people CAN make money outside their job but few can continue that pattern regularly.

[David Rivett]

Hi guys. As I am a single man with only a cat to support I am in a better position to work from home than if I had a family to care for.

 

Dan what is Chemical Free Living? is that your new company or something else?

[Juanito]

Hey Guys,

 

Im new here also,I worked full time and not self employed.Working on a web based company.Though im just a beginner on the company salary are not really high as its a small business.But other than working full time I have a part time job also.It really help me also,for my bills and etc..

 

Cheers