Comments on: 4 Reasons NOT to Quit your Job to Start a Business https://www.youngadultmoney.com/4-reasons-not-to-quit-your-job-to-start-a-business/ Make More. Save More. Live Better. Wed, 23 Jul 2014 03:08:14 +0000 hourly 1 https://wordpress.org/?v=6.6.2 By: DC @ Young Adult Money https://www.youngadultmoney.com/4-reasons-not-to-quit-your-job-to-start-a-business/#comment-16336 Wed, 23 Jul 2014 03:08:14 +0000 http://www.youngadultmoney.com/?p=14951#comment-16336 freepursue I think you did it the right way.  It’s impressive you were able to resist quitting your job when you hired that first employee.  I think most people would have quit before getting to that point!

]]> By: freepursue https://www.youngadultmoney.com/4-reasons-not-to-quit-your-job-to-start-a-business/#comment-16326 Tue, 22 Jul 2014 14:09:18 +0000 http://www.youngadultmoney.com/?p=14951#comment-16326 Good post DC.

I’d like to offer a different perspective about self-employment. It’s not always synonymous with “contract worker”. I am self-employed and have a steady stream of income from a coaching business serving multiple clients who make 6-month to 1-year commitments. I had to decide last year whether to go big or not (we had the funds, solid business plan and the momentum to do so) and I decided I didn’t want to be pushing paper and preferred to stay hands on because I think I have the best job in the world. Being a boss, been there/done than over the past 20 years and I’m not that interested in doing that again for a while.

Incidentally, this business started out as a side hustle. I even had a full time employee while I was still working a corporate gig.

]]> By: DC @ Young Adult Money https://www.youngadultmoney.com/4-reasons-not-to-quit-your-job-to-start-a-business/#comment-16323 Tue, 22 Jul 2014 01:52:30 +0000 http://www.youngadultmoney.com/?p=14951#comment-16323 LisaVsTheLoans Sounds like we are on the same page!  I would need my side hustle income to consistently exceed my full-time income (including benefits, which are often forgotten) before I take the plunge.  I don’t foresee that happening haha.

]]> By: DC @ Young Adult Money https://www.youngadultmoney.com/4-reasons-not-to-quit-your-job-to-start-a-business/#comment-16322 Tue, 22 Jul 2014 01:51:37 +0000 http://www.youngadultmoney.com/?p=14951#comment-16322 Beachbudget I think you have a unique perspective on this because you HAVE been freelancing/running a business for quite some time now.  I realize some people don’t have a choice, but if you do I think it’s almost always better to keep your full-time job and do freelancing on the side.

]]> By: DC @ Young Adult Money https://www.youngadultmoney.com/4-reasons-not-to-quit-your-job-to-start-a-business/#comment-16321 Tue, 22 Jul 2014 01:40:28 +0000 http://www.youngadultmoney.com/?p=14951#comment-16321 debt debs There’s nothing wrong with being an independent contract worker, but I think people glamorize it and talk about how it’s a business when really it’s not a scalable business model.

]]> By: DC @ Young Adult Money https://www.youngadultmoney.com/4-reasons-not-to-quit-your-job-to-start-a-business/#comment-16320 Tue, 22 Jul 2014 01:37:20 +0000 http://www.youngadultmoney.com/?p=14951#comment-16320 ShannonRyan To your last point, I think it would be tough to move back into full-time work, at least in my field.  Even taking a couple years off can hurt your prospects of getting back into the finance field.  I like your business model, by the way, because even though your work seems to be generally “self employed” (at least the book writing aspect), it’s a product that can be done once and sold over and over and over, versus trading time for money.

]]> By: DC @ Young Adult Money https://www.youngadultmoney.com/4-reasons-not-to-quit-your-job-to-start-a-business/#comment-16319 Tue, 22 Jul 2014 01:28:39 +0000 http://www.youngadultmoney.com/?p=14951#comment-16319 BudgetsAreSexy This post was inspired primarily by the fact that I have blogging as a side hustle.  It CAN be outsourced, and I know people who own blogs but do not write on them (or even manage them), but it can easily become a self-employment thing versus a business.  In fact, I think it is really tough to get a blog to the point where it goes past the tipping point and can become a legitimate business.

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