During the day you work normally, but nights, weekends and early mornings you dedicate yourself to your business. Starting one can help you diversify your income and gives you a chance to try something new. You know it.
While for some people undertaking is a “plan b”; at some point you will have to decide if it is necessary to dedicate yourself full time to pursuing your financial independence. It will not be an easy task and not everyone is made to face the difficult path of creating a business.
Also read: He saw an opportunity and created a company worth more than 400 million dollars.
But these successful entrepreneurs will show you that you can do it and share their best advice for anyone thinking about taking the leap.
Stories of entrepreneurs who quit and were successful.
1. Kristin Berry, Miss Design Berry
Kristin Berry moved to New York and got a position in pharmaceutical advertising. Although the job was great; she needed to earn extra money just to pay bills and have some money left over.
So Berry put her graphic design skills to work, opening an Etsy shop in 2011. She started by testing multiple products, until she realized there was one that was selling like hot cakes.
“I quickly realized that wedding-related products sold faster than others, and my style of illustration lent itself perfectly to those designs,” he says.
Two years later, he hired his first employee and in July 2015 he quit his job to dedicate himself to his business full time.
She now has her own website, MissDesignBerry.com, and is close to making a million in profit. Miss Design Berry is now recognized in the wedding niche and aims to customize illustrations and decorative designs for weddings according to the tastes and experiences of the couples. In this way her designs are unique.
“Now I work at home and have more than 20 women working remotely for me, allowing each one to have their own creativity,” Berry explains.
What is your advice to others looking to retire from their job to pursue their dreams?
Just start! “There is no perfect time, perfect product or perfect idea. The most important thing I’ve learned about owning a business is that most people don’t start out with their entire business planned out,” he says.
He also advises would-be entrepreneurs not to quit their job right away, but instead take careful and consistent steps to make breakthroughs.
Also read: 10 key factors for your business idea to be a success.
2. Skot Carruth, Philosophie Group, Inc.
Skot Carruth began his career as an investor. He thought that he had chosen a safe and traditional life plan and had plans to go to business school. But his plans disappeared after he lost his job during the financial crisis.
After working as a consultant, he ended up working as an accountant. Although he had a job; he wasn’t thrilled with what he saw for his future.
Also read: How hard is it to get my first million dollars.
“My job prospects were not promising,” explains Carruth. “So I started working on the side (nightly) on something I’d been doing since high school: websites.”
He strategically used his day job as a way to finance his venture, creating Philosophie, a design company.
“The day job allowed me to start Philosophie with my co-founder, who was also working part-time while finishing his degree,” he says.
Eight years after starting his venture; the company has 40 employees in three offices and earns close to 8 figures.
What is your advice?
Carruth encourages others who want to create start-ups to leverage them with their traditional work. “I’ve always been a proponent of testing, validating business models, and building traction while still having job security,” she says. “It forces you to spend your time wisely and removes the financial stress that can cause you to make bad decisions.”
And remember, if you are really interested in creating your own business, you can read our book “How to create a company while working: Discover how to manage your time, manage your money and motivate yourself while creating a company and working for another” , where you will find all the information you need to found your own company, without having to leave your job.
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