Income. It may not be easy to do but some entrepreneurs don't quit their day jobs when building a new business. They stay gainfully employed, using their discretionary income to finance the business. Work is typically done nights and weekends.
Advantages: Security. Most new businesses don't take off overnight and leaving behind a decent job to start one is very risky, especially if you don't have the financial wherewithal to keep the electricity turned on and water running for at least a year. By staying employed, you can take things slowly and don't have to worry about running out of cash. If your new business takes off, you can quit your job without hesitation; if it doesn't, you've minimized your risk.
Disadvantages: Building a business is hard to do when you're limited to working nights and weekends. After all, somebody could be working full-time on something similar. And depending on how much discretionary income you have, your income may or may not provide enough cash to realistically get you where you need to go.
Advantages: Security. Most new businesses don't take off overnight and leaving behind a decent job to start one is very risky, especially if you don't have the financial wherewithal to keep the electricity turned on and water running for at least a year. By staying employed, you can take things slowly and don't have to worry about running out of cash. If your new business takes off, you can quit your job without hesitation; if it doesn't, you've minimized your risk.
Disadvantages: Building a business is hard to do when you're limited to working nights and weekends. After all, somebody could be working full-time on something similar. And depending on how much discretionary income you have, your income may or may not provide enough cash to realistically get you where you need to go.
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