Why You Shouldn’t Quit Your Job To Start A Business And What To Do Instead7 min read

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This method of starting a business where we keep our jobs and start is called The Hybrid Path To Entrepreneurship as pointed out by entrepreneur.com

Please, it is so important that you understand this is my own 2 cents on this topic

If you have savings to give you a runway of 6-12 months or, if you are very much willing to face the consequences and be broke for a while, you should totally do whatever you want to do

I personally have a part time job

I also had one when I first moved to Lagos that I quit from and if the job was a good fit for me, I would have stayed at it

We often want to leave our jobs and go and do our own thing, be our own boss or, we feel like we have this amazing business idea and we rush off to make it happen 🙄


Here are reasons why you should suck it up for the next 12 months or 6 with your annoying boss , put your freedom on hold and exactly what to do instead

You see all the things you have planned out as what you will do to get going and growing

😩😩😩😩😩😩😩😩😩😩😩

99% of them will not work out the way you planned it to and I mean this with all love

Infact, On Your very first try, you will meet so many challenges

This is why a lot of people talk and talk but do not do

The execution is where the problem is

‘Doing’ is hard and once people get hit by the first three challenges, a lot of us give up

You don’t want to be a victim of those uncertainties

You want to make sure that whatever happens doesn’t bruise you so much that you end up homeless or hungry 🙂

I am not even exaggerating, this happens to people

A business is a baby and the only food it eats is called “Money”

This means that, all the money you will be getting from sales plus your own money will be put into your business to make it grow legs

This is why I shared this pricing article so that, more and more of us can avoid loosing money

It will take at least 24 months if you are lucky for your business to really start funding your lifestyle

My father currently runs his own business and has a total of 8 departmental stores

But, he has his 9-5 that pays well why?

He knows if he quits his job, his business cannot take care of his expenses and lifestyle

When I first started out TheStartUpReport , I was broke as fuck .

I remember how worrying about internet data just screwed with my focus 🙂

It is also this that pushed me to take the 9-5 I took because, the job will allow me focus on execution than focus on “how will I buy internet data?”

This emotional stress can even lead you to loose focus on your vision and start doing things that don’t align with your business vision


Not having money can be painful and frustrating

Especially when you have imagined all the marketing campaigns you would run

In that state , a loan for 600,000 starts looking so good and you start seeing all the things you could do with that money

But loans are death traps for startups and startup owners and very few survive

I can’t tell you how many “cool” ideas I came up with that sounded like a million dollar baby but I lost complete interest weeks down the line

Give it sometime before you make that jump

Say 6-12 months and see if you still love the idea as much

Not when you are just starting out

Doing this when you have started gaining sales and traction will surely help your business succeed because now you have customers growing everyday

You need to be fully involved to make the business successful

When you have started, what you want to do is focus on getting your MVP ( minimum viable product) out there first,

Then testing , tweaking , learning and doing business more of what works

As you do this and start gaining traction, you can then choose to move on from the rat race

People so often think “If I quit my job, I will have more time for my business”

But, I find that it isn’t the 9-5 that jab the problem

Lots of us are in our offices doing nothing

We use our break times to actually take breaks

We don’t try going in to work as early as 6/00am so we can start working on our own thing before office starts and even use their WI-FI 😀

My father has a 9-5 and he is at the office everyday at 6:00am for the last 5 years

Why?

He needs the 3 hours before work to catch up on things

What do you do during the weekends ?

Most of us claim we are packed with chores but. How long does the chore last ?

You surely can squeeze out three hours to work on your thing but, hanging with friends and watching Grey’s anatomy will not allow some of us

I know most of us think we are sitting on a gold mine with our ideas

The sad truth is that

your business is only a gold mine if the customer says it is

They say this from how they pay for your services or products, when they sign up for your app and actually use it daily , when they tell all their friends to get on and buy from you

Until then, please don’t quit your job and front that you have a gold mine for a business idea

This isn’t a matter of “God forbid”

We will fail at one business or the other , it could be this one you quit your job for

You need to make sure that Incase you do, you are not completely torn

You have something to fall back to

Instead of shutting down your business

There are lots of ways you can automate your business

In the book, The Four hour work week , Tim Ferris shares how he is able to do this for his business

He even shares how to get a personal assistant for very little money

You know those things in your business that you need to always do daily but, you get no direct value from them, automate them

Only allow the things that add value for your business and for you to take up your time

I recently started working on managing people’s social media content , handles , blogs as well

At first, I was saying “No” to all the people meeting me for this but then it hit me, “What if you outsource?”

Outsourcing allows you to do more with less time and it may loose you some money but, it is very worthwhile

The first two things I mentioned will help you save time

This third point will help make sure you are never burnt out of overwhelmed

Pick an area and build around that one area and product

Imagine If I decided to write TheStartUpReport and also write about fashion, both I love

This will mean extra work and a ton of dedication from my end

Do not diversify too early

If I told you you are currently using very little on your business / business idea , you would argue

How many hours did you work on your business yesterday?

How many hours did you spend with leisure yesterday?

Compare that with your actions on your goals

We need to put in more time to make our business work and not just doing the bare minimum while expecting big results

This isn’t the time for you to rush and rent shop, buy stationery and furniture, hire 3 members of staff

It is the time for you to quietly start validating all the assumptions you have about your business

Assumptions here means , all those things you think will happen in your business once you start

Start gaining traction, learning what works and what doesn’t then, tweaking accordingly

This is the time to keep your budget low and bootstrap until your customer base starts really growing

Do you currently have a business idea you want to bring to life? If so, tell me about it

Have a business you just started? What is your business about ? What does it do?

This Post Has 2 Comments

  1. Hi Diamond, you are actually right with all you said. Resigning from work to jump into business is like diving into a river without knowing its dept. I’m currently facing same issue. I have been thinking of businesses to venture into and I have spent the last 6months researching and learning more on the idea. Would have started but I have had commitments but I have set a target for it. Meanwhile, I have been learning a couple skills that would help me automate my business when I eventually start because I would employ digital sales and guess what? With office wifi. Life is all about planning and being INTENTIONAL!

    1. it sure is. Will be looking forward to a comment where you tell me you finally took the plunge and started. We keep pushing

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