Many entrepreneurs begin their journey while still employed, benefiting from the stability of a regular paycheck. As side gigs grow successful, the thought of leaving a job can be daunting. This article highlights seven strategies to professionally pivot from a day job to entrepreneurship: knowing your finances, establishing an emergency fund, testing business viability during vacations, and more. A well-planned transition can mitigate risks, ensuring the side business is truly viable before taking the leap into full-time commitment.
Your side hustle might seem successful because orders are coming in or clients are calling. One way to truly gauge its potential is to track everything meticulously.
Put away enough money to cover six months of expenses before quitting. This cushion helps you make decisions from a place of strategy rather than panic.
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