{"id":5178,"date":"2021-03-25T14:31:21","date_gmt":"2021-03-25T09:01:21","guid":{"rendered":"http:\/\/www.tactyqal.com\/blog\/?p=5178"},"modified":"2024-05-24T16:22:52","modified_gmt":"2024-05-24T10:52:52","slug":"when-should-you-quit-your-job-to-start-a-business","status":"publish","type":"post","link":"https:\/\/tactyqal.com\/blog\/when-should-you-quit-your-job-to-start-a-business\/","title":{"rendered":"When Should I Quit My Job to Start My Business?"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]When you are in a comfortable corporate job, chances are, you feel ahead of your peers in the social game of finding a job, getting a mortgage, and settling down. However, for a lot of us, this is not the game we want to play. <\/span><\/p>\n

With the digitization of the world, more and more people across the globe, aspire to leave their jobs and start with their own business. People are toying around a lot with the word \u2018Entrepreneur\u2019 these days. It is being seen as a means to achieve an all-new high in terms of professional, personal, financial as well as creative freedom.<\/span><\/p>\n

The possibility of being able to do what your heart supports, on your own timing and terms, coupled with the potential to build an enormous amount of income and fame is certainly attractive. <\/span><\/p>\n

However, it is not wise to just <\/span>impulsively abandon your job<\/span><\/a> to pursue your dream to start a business. This is considered to be unnecessary and reckless by most successful entrepreneurs. If you are thinking of whether to quit your job or not to start your own business, take the assessment<\/a> and find out what you should do.<\/span><\/p>\n\n

What Do The Statistics Say\u00a0<\/strong><\/h3>\n

As per Bloomberg, 8 out of 10 businessmen who venture into a new business, <\/span>fail within a time span of only 18 months,<\/span><\/a> leading to an 80% loss in cash. Every year, entrepreneurs launch millions of startups, all over the world<\/span>. What needs to be noted, is that only one-tenth of these new ventures prove to be successful in the long run.\u00a0<\/span><\/p>\n

The above data may appear to be scary and demotivating at the first glance. But you would be surprised to know that <\/span>3 out of every 5 Americans dream of having their own business<\/span><\/a>. The same study also exhibits that approximately 37% of these genuinely aspire to be their own boss and another 25% may possibly seriously consider it at some point in time. This trend holds good all over the world too.\u00a0<\/span><\/p>\n

Why Do People Look To Shifting To Business From Jobs<\/strong><\/h3>\n

Entrepreneurs give out several reasons when it comes to why one takes the leap of moving from a job to starting a business. Making more money which would ultimately lead to a better lifestyle tops the list of these. The freedom to be able to be the navigator of your own destiny and the freedom to work flexibly are also some of the primary reasons that motivate people to take such a major career and life decision.<\/span><\/p>\n

An extended sense of work satisfaction, financial independence, and the probability of an improved work\/life balance also allure people to make this shift.\u00a0<\/span>[\/vc_column_text]