Figure out how much money you need to get your business off the ground
As a career coach, I often have a client to come to me with a great idea for a business that they can run from the comfort of their own home. Maybe it’s an interior design business, a tutoring business, or a catering business. My first question: “How much money are you planning to spend on this venture?” Do you need a website, business cards, a dedicated home office? Might you need to go back to school? Figure out what you’re prepared to invest in your dream job in order to make the money you want to earn. Have a budget and financial plan; don’t just close your eyes and hope. Here are some tips to help you look for a job while you still have one.
Find a transition job to make money while you’re ramping up
After you quit your day job, you’ll need a steady income while you’re figuring out how to start your own business. My clients will take simple jobs where they can clock in, clock out, and collect a paycheck. The most popular roles are servers or bartenders; this is the transition job of choice for thousands of actors in New York and LA for good reason!