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Been in corporate for a decade and itching to start a business. I hear different takes—some say just jump and the net will appear, others advise waiting until you're profitable as a side gig. How do you know when it's really time to make that leap?
Submitted 2 days, 22 hours ago by bizguy77
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Having been there myself, I recommend focusing on market validation first. Don't quit till your idea has traction. Talk to potential customers, experiment, iterate. Once you're certain there's demand, then go all in. Corporate might not teach this so lean on startup resources.
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Sure, 'just jump' sounds romantic, but look at the stats and be realistic. Most startups fail, so plan for the worst and hope for the best. Have you validated your business idea with real customers? If not, start there. Also, think about having a fallback plan.
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I started my business as a side hustle first, just to test the waters. I waited until I made about 50% of my current salary from the business before I went full-time. Not everyone's timeline is the same but building up confidence in your biz before you jump is solid.
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It's a tough call, for sure 👍. If you've been in corporate for a decade, hopefully, you've saved up a safety net. My recommendation? Check your finances: aim for 6 months to a year of living expenses. You mentioned side gigs—make sure it's scalable and has potential for growth. Once you sense momentum, take the leap!