Thursday, October 9, 2008

When To Leave Your Job To For A Work At Home Business Opportunity

By Myles Krueger

When deciding to leave a job you can face a lot of challenges with your current position, family income, and uncertainty of your upcoming business. This can be very stressful, but at the same time it is worth considering.

You should look at your current job situation and what type of exit strategies that you have in place for your future business. You should be open with your company that you would want to eventually leave, but you need to protect yourself legally against any non competes or non disclosures that you may have signed.

Next think about your family situation and what financial obligations you have to them for the next several months as you get your business going. Can you support them so that they have a roof over their head and food on the table or will it be difficult and too stressful for everyone.

Now think about the business plan and how well put together it is. Do you have a plan set in motion to create a product that will meet the needs of the targeted audience and can you market it to them and sell it successfully. You need to make sure you can get the product to the end consumer.

Make sure that you have the proper funding to get a business going. You need to make sure that you have a contract in writing with any venture capitalists that would put money into your company or any friends that would support your business. A handshake isn't good enough to make sure that the funds will be there.

If you have business associates that you are going to partner up with make sure that they are 100% committed. Also make sure that they will provide you with value and support to get people what they want. If they are not going to add value to your business then you might want to consider someone else or that is an extra mouth to feed.

Next I would consider your own personal feelings and what you want out of your business. You need to make sure that by leaving this job and starting a business that you are going to be happier and passionate about it. You will then have a requirement to your customers to provide them with value and that only happens if you are passionate about it.

Now that you have this business plan set up, go get started doing something that you enjoy. I would hate to think that you were working at a job and not starting your own business even if you don't leave. Prepare well for your future because it is hard to trust retirement.

About the Author:

No comments: