- Total Post: 36
Absolutely! Even if you have a viable – and ultimately, profitable – business idea, it is essential to keep a source of stable income while you’re getting up and running. This will not only allow you to keep paying your bills in the early stages, but it can also rid you of a great deal of potential stress when you have slow periods in your new endeavor. Although there is no one-size-fits-all suggestion for when you can ideally cut ties with your regular employer, it can definitely be beneficial to do so when your new company has been generating a stable income for at least six months. And, it can be even better if you also have a sizeable amount of savings built up (six to twelve months worth of living expenses) just in case.