Your day job is a safety net in case things don’t work online. However, there is going to come a time where you are not going to be able to focus on both. It is just not going to work out and that will hamper results. To ensure you don’t get lost in the mess and are able to get things done in accordance with what the situation demands, let’s take a look at a few key tips to keep in mind. These tips are going to focus on the timing of your resignation.
Ensure Salary Is Being Replaced Without Risk
Take a look at your salary from your day job. Let’s assume you are earning $50,000 a year. Are you able to replace this and/or get as close as possible to this number with your online work? If you are not even able to get close, this might not be the right time to make the jump.
Keep working on both sides and make sure you are able to close the gap. For some, the gap does not have to be fully closed as they love the advantages of staying home and can sacrifice money a bit. However, this is a personal decision that has to be made with care.
The bare minimum you need to be making online is enough to cover your monthly expenses. If you can’t even do this, you are not ready to quit. You should not be tapping into your rainy day funds so soon after you quit unless you know things will work out.
Don’t take a major risk of this nature.
Consider Promotion(s) Too
If you are going to be up for a promotion with your day job in a few months, it makes sense to let things play out first. What will your pay be like? Will it be able to match up with what is being earned online? You need to have something that is going to be more lucrative at home instead of simply quitting your job in advance.
Even if you are up for promotion, getting the promotion first would be a great thing to add to your resume. It will enable you to have a fall back plan down the road in case the online setup does not work out as you had hoped.
These are all factors you are going to need to keep in mind with regards to your day job and quitting. Don’t let small success fool you as this is something you just don’t want to jump the gun with. Why should you take a risk of this nature? It is just not worth it at all. Look to be patient and when the right time comes in accordance with the tips mentioned here, you will be more than good to go. This is the beauty of being meticulous with your approach to the process. Do it carefully and you will nail the timing to a tee.