I'm reaching out to this amazing community because I'm at a crossroads and could really use some guidance. Here's a bit about me:
- I live in NYC.
- I have a 9 to 5 job with a flexible schedule.
- I have $18k in savings and $3k in the stock market.
- I own a car.
- I'm supporting a family of four.
I've always been passionate about becoming an entrepreneur, but I'm feeling lost on how to start. I have skills in IT and marketing, and I'm confident I can learn and adapt to almost anything. The idea of quitting my stable job scares me, especially with my family depending on me, but I really want to pursue my dream of owning my own business.
For those of you who have made the leap, how did you start? What steps did you take to transition from your job to running your own business? Are there any specific industries or business models you’d recommend for someone with my skill set?
I appreciate any advice, experiences, or resources you can share. Thanks in advance!
HELP
byu/Spide- inEntrepreneur
Posted by Spide-
4 Comments
So I never did anything for the sake of beeing an entrepreneur or buisiness owner. Fo instance I started with etsy as a teenager, because I believed in my art. I believe passion and an idea you stand for is the most important.
And I guess you have to be the person that likes to take risks. If the idea of quitting your job scare you, maybe starting a buisiness is not right for you? Because there are always insecurities and risks involved. And I would guess you need a mindset that’s able to handle it, without freaking out.
Perhaps start with the gig economy like Upwork or Fiverr.
Starting your own business while participating in the gig economy offers several benefits:
1. **Flexibility**: You can choose when, where, and how much you work, allowing for a better work-life balance.
2. **Low Startup Costs**: Many gig economy jobs require minimal investment, making it easier to start your business with lower financial risk.
3. **Diverse Income Streams**: Combining various gig economy gigs can provide multiple sources of income, which can be more stable than relying on a single job.
4. **Skill Development**: Engaging in different gigs can help you acquire new skills and experience across various fields, enhancing your overall expertise and marketability.
5. **Networking Opportunities**: Working in the gig economy can connect you with a wide range of clients and professionals, expanding your network and potential for future business opportunities.
6. **Control Over Your Business**: You have the autonomy to choose the type of gigs that align with your business goals and personal interests.
7. **Scalability**: As your business grows, you can scale up your efforts, hire additional help, or expand into new markets, leveraging the gig economy’s flexibility.
8. **Market Testing**: The gig economy allows you to test different business ideas and services with minimal risk before committing fully to a particular direction.
Overall, integrating gig economy gigs into your business strategy can provide a robust foundation for growth, adaptability, and long-term success.
I started [my agency](https://www.24hour.design/) while working at my agency.
It was fucking retarded, but it eventually worked out.
It was hard to do, especially with kids. Get ready for late nights fam!
Trying things out with a stable job works best, once you’ve found your passion and you roughly know what you’re doing or trying to do, then you can start with reserve cash then only quit your job therefore you minimize the risk especially you have family that depends on you