Come on, you’re thinking about it right now, aren’t you? If you googled, you’d be riddled by various answers.
Some would say, when you have something to sell. Others would say, once you have your capital and business plans, while another lot would say jump in headfirst and learn the ropes as you go.
If you ask me, there’s a yes and a no to “let’s just do it”.
I’ll make it simple. When I left my job to start my own business, there were things I wish I were told. If I knew then what I know now, I may not have left my day job all so hurriedly.
My personal advice is to start by learning the nature of the business you’re getting into. A simple period of work in the industry shouldn’t hurt.
Secondly, you might want to keep your monthly salary as one of the sources for your capital. It will help in the long run. This applies even if you have a sum of money stacked aside for your business.
Thirdly, if you have an idea for a certain product or service, you might want to keep it incubated for a determined period. Just to see if your idea would die when the hype does.
Fourthly, you need to be technologically savvy. Take advantage of the latest social media outlets and keep up with the advancements. Thousands of softwares are deployed to help out with your business. *coughs* And one of those great helps would be Financio, to help with your accounting *coughs*. That’s the very reason why I developed the awesome accounting software.
Last but not least, before you get your business up and running, completing your business plan should be top priority. NEVER kick-start a business without a complete business plan.
Until you have these things sorted, I’d suggest you put your resignation letter back in your drawer and start working for your business. Starting your own business takes time. Planning is as important as the execution of the business itself.
If you think you’ve done enough research, and you’re ready to take on the world of business, I’d say good luck and remember that Financio is made for you!