When to quit a job to become self-employed?

It seems like you just need a push justlikemagic......from your language in this post it seems like you've done the numbers and think it as go but the idea of not having a steady income stops your from moving forward.

No one can tell you it is the right time to make the leap on to full-time IM. It is time to think positive. I feel that you are confident that you can make enough income from IM if you did go full-time BUT there is a niggling doubt that holds you back.....the "what if" it doesn't happen.

It is time to think positive.......create a number that you would like to make in 6 months and make that your goal. Then set out how you would achieve that goal if you had 180-200 hours a month to make it happen.

What would you do? How would you start? Set out a plan so if you going to go full-time you know exactly what your going to do next. Imagine working towards you goal. Believe you can achieve that goal. If you are in a positive mindset then the possibilities are endless.

See this as doing what you really want to do and remember to enjoy the journey.

I've just recently gone full-time myself. For me it was that my girlfriend and I due to have a baby (she is now 7 days old). If I didn't decide to go full-time now then after the birth I knew it would never happen. People think I am crazy to leave a job when you have a kid.

I want to see my kid grow up....see her take her first steps. This is my motivation to succeed and I will succeed for my family and myself.

Don't put off till tomorrow what you could do today. Plus my sister works in the care industry and old people always say do it now and none of them wish they had worked more in there in their life (it is amazing how many people live their life doing what they think other people think they should do....not do WHAT THEY want to do).

Good luck and if you would like a sounding board to help you come to a decision I am happy to help....just PM me.

All the best with making your decision.

Sounds like you have it lined up darn well. With that kind of natural planning and insight on how to create value, you should have a good go of it with Internet Marketing. It may take you a while, like you said, but you are already set up for the long haul. By the way, you Dad's right!

Good Luck!

LLS

Get a piece of paper and draw a line down the middle vertically.
Put current job on the left as a heading and quit as a heading on the right.

Then put down all the pros for staying in the current job while you build your business.
Then do the same on the right for quitting and committing to a new business right now.

Then you should have your answer.

Hi justlikemagik

As I was reading your post the main thoughts running through my mind were that you seemed to be prepared financially for changing the course of your life and that, in your own mind, you already knew what you wanted to do, but you couldn't quite come to make the jump.

I've dealt with a lot of people whose lives were not running in the direction they wanted them to go. And any regrets they had were that they hadn't made the necessary changes earlier.

I suggest you make your lists and plans as laurencewins and cajtrixie suggest and then just try to imagine what your life would be like in 20 years if you did not make any changes, but you carried on looking after things in your wireless store.

How would you feel within yourself as you looked back in your life to this point and remember that you did not make any changes but committed to the wireless business?

Your feelings as you do that will tell you what is the best course of action for you now.

Making that life-changing decision needs more than just being tired or exhausted. The questions that have to be answered are:
1. Do you have an idea what business to go into:
2. Have your researched it well enough to know it like the palm of your hand?
3. Are you willing to face the risks of going into business?
4. Are you cut out to be an entrepreneur?

There can be more but the point is that you have be more than a hundred percent sure that you want to do it. Any doubts will cause your eventual failure.

By the way, I came across a very reliable statistics that shows, among other things, that the number 1 reason for new businesses to fail within 5 years is due to incompetence.

All good replies but I like joesfortune the best. I've been dabbling in different types of businesses for years and I've learned some important lessons.

1. Make sure you plan!!!!
2. Make sure you have plan B. (Luckily I did b/c my first plan failed back in 1999)
3. Spend more saved money than borrowed money at first.
4. Keep your expenses absolutely as low as possible in the beginning.
5. Make sure you're passionate about whatever business you choose. If not, you'll struggle a bit more.

Nobody can really tell you when the time is right to make that leap of faith but just do as much research and planning as you can beforehand. I might also add that SCORE has a free consultation that they offer small business owners. Not sure if this is in every state (assuming you're in the US) but it's worth looking into. I saved mine until we had a very difficult decision to make about property and I found it helpful.

Good luck!

The best advice I can give you right now.......

Don't expect to be successful RIGHT from the gate. Be even kill with this and not unrealistic.

This is NOT to discourage but brace yourself buddy.

GET A COACH OR MENTOR RIGHT AWAY. Don't be cheap either and make sure they have a damn good track record.

DON'T SLACK, once you quit you will have more time thinking oh well I can sleep in, goof off a little. NOOOOO

You can do it man but you better grind!!! You can make money quickly IF you learn from others mistakes and you do that by getting a mentor.

There's so many twists,turns and sooo many distractions you must have tunnel vision bro.

Again I'm not being negative, GO FOR IT. But be ready to work your ass off.....AT FIRST. There's no time to chill.

FOCUS ON BUILDING A LIST ASAP.(the best asset you can have)

Go for it man, make sure you have all your ducks in a row first.

P.S.

You don't NEED every course and every book, every "push button,make a million dollars tonight" software to start making money. Don't go down that road please.

And o yea lol, you don't need to be subscribed to everyone's list either. Pick a couple successful people you want to model and follow their lead until you make it.

I've posted this recently - have a look if you haven't yet:
http://www.warriorforum.com/mind-war...-business.html

It's not easy to be self-employed; you won't wear less hats than you currently do, and quickly understand what FULL time means. The paycheck varies every month, social interaction will drop, it's a very different life.

But, it's not a bad one

Wishing you success!

There's no "best time to quit" and you wont quit until you quit. Since it seems you have figured everything out, just wake up one morning and say its over, its done, QUIT.

Then go out, congratulate yourself for quitting and go start working on becoming an Internet marketer.

We all took different routes to get to where we are - some are in IM by default, some were pushed (sacked, laid off, whatever), some planned meticulously and some ended up here by accident. It really doesn't matter how you get there, all that matters is what you do when you get there. And trust me that's the hard part but don't let if stop you from getting there.

Goodluck.