Why You Should Keep Your Day Job (For Now)

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It’s easy to get caught up in the idea of quitting your day job and making it big. But before you do, consider this: You have a lot of experience in your field, so why not use that to gain an edge over other people?

The i quit my job and started an online business is a blog post that discusses why you should keep your day job for now.

Why-You-Should-Keep-Your-Day-Job-For-NowIt may seem like a waste of time and energy to continue working at your day job while trying to get your company off the ground. Believe me when I say that I am well aware of the situation. It took me two and a half years to build my freelance writing and editing company to the point where I could do it full-time, and throughout that time, I continued to work at a paralegal job that I didn’t like. I felt like I was wasting time collecting copies and writing tiresome contracts when I should have been focusing on my company.

But, if I hadn’t done the day job/dream job juggling act, I would never have been able to generate the possibilities I have today, or develop a strong company that has me recruiting assistance after just eight months.

Running a side hustle may be stressful and exhausting, but the truth is that growing your company while keeping a regular income is the best way to go, both financially and in terms of your overall satisfaction. This is why:

You Don’t Turn Off The Lights (For You and Your Business)

Profitability isn’t always a guarantee in the early stages of a company. You’re still establishing yourself, learning the ropes, and experimenting with different methods to see what works and what doesn’t. It’s simply common sense to keep oneself afloat during this time of trial and error by doing a second job that pays the bills.

A day job may help you get your company over the early start-up hump, in addition to keeping your own home running. If your business is the only thing that keeps you clothed and fed, you’ll give up fairly soon if it doesn’t take off as rapidly as you hoped. You can afford to stay with your company a bit longer when you have another income coming in to relieve financial stress—and that additional time may be all you need to build the momentum you need.

You Have the Freedom to Build on Your Own Terms 

If I had depended only on freelancing to pay my bills from the beginning, you can guarantee I would have accepted any work that paid me, even if the rates weren’t fantastic, the customers were demanding, or the projects were on topics I hated. Because I had the added stability of a day job, I was able to be more selective with the work I accepted, gradually building my company around the customers and projects I really cared about and establishing myself as a subject matter specialist rather than a mediocre jack of all trades.

When you leave your day job too soon, you place yourself in a vulnerable position. Suddenly, you’ve lost the ability to build the company you desire, and your passion project has devolved into a worthless salary over which you have no influence. Build a strong company by providing yourself with a financial cushion that enables you to make choices based on your objectives and vision rather than a pressing need. 

You Have Time To Save For Your Leap

When the time comes to transition to full-time self-employment, it’s always a good idea to have an emergency fund set up. Unlike a conventional employment, owning a company seldom provides a consistent, predictable income. There are times of feast and times of famine, and you never know which will arrive first. You may hedge your risks and enable yourself to make the move with greater peace of mind if you start saving while still working your day job.

It’s not simple to run a side company while simultaneously working a regular job. But if you succeed, not only will your company benefit, but you will have shown to yourself that you have the tenacity and drive necessary to be a great entrepreneur.

Are you attempting to grow your company while working a conventional job? What additional advantages have you discovered?

The how much money do i need to quit my job and start a business is a question that many people ask themselves. There are multiple factors that go into the answer, but in general, it’s not worth quitting your day job just yet.

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