Should You Quit Your Day Job?

10 Things To Consider When You Are Building Your Online Business

by Andrew Parsons
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SHOULD YOU QUIT YOUR DAY JOB?

Today, we're going to talk about why your current job, your day job, the one that you hate is an asset for you while you're building your business. I know this is not something we all think about too much. All you think about is how can I quit my job as soon as possible, I need to make enough money with my business to quit my job. Now, these are some of the things that you need to take a look at and concentrate on while you're building your business and how your job can help you. 

The ultimate question swirling in your head is, should you quit your day job?

Should You Quit Your Day Job?

WHY IS THIS IMPORTANT?

I get comments all the time about whether an online business is something that somebody can do to immediately replace your income and essentially take over your income that you're making on your job. Most people don't like their jobs, that's why they get into this in the first place. So I wanted to make this video and give you a quick step by step on why you need to keep your job and why your job is an asset. So let's get started.

#1 - THIS IS NOT A GET-RICH-QUICK BUSINESS!

An online business is a business that you could build quickly, maybe in six months to a year, six months to 18 months, something like that. But you have to build it over time and that's if you're extremely diligent,. a long term, sustainable online business can take time.

#2 EVERY BUSINESS NEEDS CAPITAL

So the second thing is every business needs capital. It needs money to function. This is where your job comes in. Your job is going to help sustain the capital. Now it's foolish and misleading to believe that you can make a lot of money without investing at the onset.

Now, online businesses are better than brick and mortar businesses simply because the cost is so much less. That's why it's so lucrative and that's why it's important to keep in mind that you're leveraging the internet, which is going to minimize your cost, but it's still going to take some investment.

#3 BUSINESSES TAKE TIME TO GROW

So the third thing, every business takes time. We have to be patient. As I mentioned, six months to 18 months is really fast tracking your success. So if not for monetary investments, you're going to need to invest in time which pretty much is the same kind of investment. There's either money, equity or sweat equity and usually it takes both.

So that's something to keep in mind and this is where your job is going to help you. As much as you hate it, your job is going to be your support system, or it's going to underwrite your business.

Remember, you're not going to have to come up with a ton of money upfront but you're going to have to have capital along the way.

#4 - ONLINE BUSINESS IS A MUCH EASIER OPTION

So the online business option is much less than the brick and mortar option, as I mentioned. So an online business may probably need lower investment depending on the nature of the business than traditional business ventures.

So if you were to start a McDonald's franchise, they're going to ask for a ton of money upfront. You're going to have to go to Hamburger University, you're going to have to train and learn their processes. It'd be very, very expensive to get started as well as time consuming to learn that process.

This is why internet businesses are lucrative and this is why you have to keep these things in mind.

These are mindset things and I have a mentor that I follow by the name, Michael Bashi, he's an internet marketer. He specializes in pay-per-click marketing and one thing he always says is that he's about results and he's not here to motivate you and I don't really want to motivate you either.

What I need is somebody who's motivated, but I need you to keep things in mind while you're motivated. If you're too motivated, sometimes you can make mistakes and that's why I wanted to make this video as well.

#5 - YOU HAVE TO PUT MONEY IN TO MAKE MONEY

The golden rule business is you're going to have to put money in to get money out. I mean, yeah, you could probably start a business from just full-time, working on the internet and using free traffic methods. Yes, you could probably do it, but it's going to be very difficult to do without any money.

So there's going to be a little bit of money upfront and most programs that I promote are very, very inexpensive, but I still wanted to go over it with this video. So you must have capital. We've just talked about that.

#6 - WITHOUT RESOURCES, YOUR BUSINESS GROWTH IS DELAYED

Now, without financial resources, just some type of ongoing resources, you're going to end up putting in hours of labor and it's really going to delay your problem. You're going to need that money to kickstart things. Again, not a whole lot of money, but you're going to need it. So I'm kind of driving the point home, getting a little redundant, but it is important to go through this.

#7 - YOUR DAY JOB IS YOUR FRIEND

Your day job is your friend. You have to look at it that way, as much as you hate it, if you're diligent and you apply yourself daily, weekly, monthly, and yearly, you're going to reach your goal as long as you're dedicated. So the job ensures that your day to day requirements are met while you are establishing your online venture. All right. So your job is reliable.

The question of should you quit your day job is a resounding no....at least not yet.

#8 - YOUR JOB IS RELIABLE IN THE EARLY GOING

Now, an online business or any business for that matter is not reliable. At least at the beginning, you could start out, have a good week, you could have a bad week, you might have a setback, you might need to get new software, you might need to buy new traffic, you might need to buy a course.

So there's always going to be influxes of expenses and there'll be influxes of revenues. You just never know when you're going to be able to depend on it, that's why you can't live off it right away. This is something you have to do. Basically while you're building your business, you have to work your job.

So this shows whether you have basically the fortitude to actually do what it takes to be successful. So, as I mentioned, think about the bills that's going to pay while still helping you establish your dream business venture.

#9 - YOUR JOB IS THE KEY TO YOUR SUCCESS

So number nine, your job is the key to success. So keep that in mind. Your job is really going to be your ally, your partner, your buddy, standing on your shoulder, advising you and giving you this support financially while you're building your business and it exists for the purpose of providing that income and it's going to help you build your business. Again, I'm sounding redundant, but we need to drive the point home and the last thing is that your job gives you balance.

#10 - YOUR JOB WILL GIVE YOU BALANCE

Now balance is important to maintain income and expenditures as I mentioned earlier. Now, these types of things, again, are not necessarily to motivate you, but to bring awareness to why it's so important to not quit your job and even the second layer of that is not to quit your job right away.

A lot of people want to start the business, get a little bit of revenue, okay, I'm making enough money to quit my job, but you got to remember there's expenses in there. There's net gain or net margin, net profit. You also have to pay taxes on that.

You have to factor all that in, how much money you need to make per month, probably in the neighborhood of $10,000, depending on obviously your living expenses and the size of your family.

You really want to have an extreme cushion, some good margin in place before you quit your job.

DOWNLOAD A COPY OF MY E-BOOK (FREE)

Your job is going to carry you to completion of your goal, which is to get your online business up and running and this training is really a chapter in my book called "The 13 Things You Must Know To Grow Your Online Business While Working Full Time".

DOWNLOAD BY CLICKING THE LINK OR IMAGE BELOW

Should You Quit Your Job?

 

If you have any questions or anything like that, leave a comment below.

Regards,

Andrew Parsons

I am an author and digital entrepreneur in Fort Worth, Texas, USA. Learn more about me by clicking on the 'About' tab. Follow me on this site or follow me on social media. I wish you the best of luck in online business goals.

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