........and take risks to start a business of your own with likely returns that will be beyond your wildest dreams?
If you are really discontented with your current job that pays high, you can leave it, but be sure you have the finances to do it,
it might be nice to do it at the same time? if you can start the business while working? and see if it is working, usually you need to do a research first about the area if you are going to do business like restaurant etc..
You don't provide enough variables for anybody to give you a well thought out, logical conclusion.
Are you happy?
What is the risk to reward association with this new business?
Do you already have a business model built and reviewed?
Overall, right now... I would probably say no. I'd say wait to see which direction the economy takes. You can lay the groundwork without leaving your current job.
Been there done that over a year ago....it's been hard but the reward in the end will be well worth it. Success is doing what you love to do, NOT Just what pays the bills. You only have one life.
Save $$ for a few months bills (6 minimum)
Leave on good terms (give no less than 2 weeks notice)
I haven't regretted a single day.
In this economy, no business of my own would make me profits beyond my wildest dreams. However, I have gone out on my own before. I believe that certain people just need the freedom of rising or falling on their own in business, and that's okay.
If I could see the future and know that quitting my job would allow me to make more money and be happy, I would do it. But so would everyone else. If I knew that I could quit my job and be happy with that decision a year later, I would do that too, regardless of how much money I was making.
But in business, it's rarely a good idea to quit a long time job unless you have all of your ducks in a row and everything organized and planned first. Anything else would be foolish.
as long as everything is well planned, which means that you have taken into consideration the following things:
1. business capital and product knowledge
2. financial expenditures or expenses both personal and business
3. extent of business risk
4. marketing strategy
5. expected net profit and timetable
Looing back now I have no 'real' regrets about leaving my high paid and high powered job in the company where I was highly favoured and going places.
Well maybe, but I've come to learn that sacrifice for good reason, offers its' own rewards. For me, the greatest place that any human can reach is that state of FREEDOM! Freedom to make choices; what time to get up, when, where and what to eat; what to wear, who to talk to, what to do. Though I loved my old company, for many reasons I knew I was in a bad place and that it would only get worse. I felt my very being, being sucked from inside me. I was no longer the thinking feeling, doing Jan. I was Jan no. 23984. A clone, clocking in early, towing the company line, doing the company's deeds regardless of how 'I' felt, laughing at company drafted jokes, clocking out late.
So do I have that freedom that I so craved? ... NO I DON'T, but I'm a hell of a lot closer than I would have been had I stayed. As the late great Martin Luther King Jr said "Change does not roll in on the wheels of inevitability, but comes through continuous struggle. And so we must straighten our backs and work for our freedom. A man can't ride you unless your back is bent."
it all depends on who comfortable you feel when taking big risks. are you completely sure that you can afford to take this risk. like a previous hubber said, at least 6 months?
one of my favorite sayings is, a bigger paycheck doesnt mean a bigger smile.
Just like JanTutor says, its freedom that really can makes us happy.
I remember when i was part of a big international medical company, I punched in early with my badge and i was number 11621. its hard to go to work when you are just a number.....
bigger the risk bigger the reward, there is only 1 thing better then working for yourself, and that is not working. so enjoy!
People who are the only bread earner of a family should not take that chance. but you can beside working as a fulltimer, also can try our luck on some home based business. after accomplishing your home business, then you can try quitting your job
I did leave a high paying and prestigious job. I seem to be drawn "to the road less traveled."
I left a great job with a great company when my last child was born. 14 years ago - haven't looked back. The decision was difficult - the rewards of being home with my kids out weighed the income.
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