http://smallbusinessonlinecommunity.bankofamerica.com/community/forum/startingabusiness?view=discussions Most recent forum messages en Wed, 22 Apr 2009 20:21:06 GMT Clearspace 1.1.1 (http://jivesoftware.com/products/clearspace/) 2009-04-22T20:21:06Z en http://smallbusinessonlinecommunity.bankofamerica.com/thread.jspa?messageID=68117&amp;tstart=0#68117 <br /> Right now!... Just kidding. <br /> <p /> <p /> <br /> Many business gurus will tell you that you need to drop<br /> everything and start your own business. Jump into the ocean of<br /> entrepreneurship and start swimming. This is nice but it won&rsquo;t work for<br /> most people. <br /> <p /> <p /> <br /> <b>What should you do?</b><br /> <p /> <p /> <br /> I always tell people they need two kinds of jobs <br /> <p /> <p /> <br /> 1] A job where you are making money.<br /> <p /> <p /> <br /> 2] A job where you are not making money. <br /> <p /> <p /> <br /> <b>Why would anyone want to work at a job where they are not making money?</b> <br /> <p /> <p /> <br /> A job where you are not making money is something that you are working on at home on your free time. <b>Robert Kawasaki</b><br /> says that the reason many entrepreneurs become successful is because<br /> they know what to do with their free time. When you know how to use<br /> your free time you will learn that you can really build up a nice<br /> business. <br /> <p /> <p /> <br /> The only way you can build up a business in your free time is<br /> when you are doing something you really enjoy doing. It&rsquo;s taking your<br /> hobbies and likes and turning them into a business. <br /> <p /> <p /> <br /> The reason why you should keep your day job is because you<br /> always need a cash flow of money into your bank account. This is<br /> critical. With out that cash flow you will not be able to work on your<br /> own projects. The cash flow gives you the money, time and leverage that<br /> will allow you to build up your own business. It will give you the<br /> piece of mind while you are working. <br /> <p /> <p /> <br /> Deciding when it's time to quit is a very personal decision for<br /> each person when he or she feels ready. A strategy that will help you<br /> reach the decision is that once your income from your home based<br /> business is earning more then your regular day job for over a period of<br /> three months &ndash; then this a good sign that its time for you to quit your<br /> day job. If not, then stick with your day job in the mean time. <br /> <p /> <p /> <br /> <b>What is the most important aspect here?</b> <br /> <p /> <p /> <br /> You and your family come first. You need to do whats good for<br /> your family and not just for yourself. Keeping your day job will allow<br /> you - as we said - that critical need of cash flow into your bank<br /> account. Dont make quik decisions that will destroy your home. <br /> <p /> Wed, 22 Apr 2009 20:21:06 GMT iyazam http://smallbusinessonlinecommunity.bankofamerica.com/thread.jspa?messageID=68117&amp;tstart=0#68117 2009-04-22T20:21:06Z Apr 22, 2009 4:21 PM