Hi Thuy,
my experience is that unless you are a serial entrepreneur, have already seriously tested the idea or have achieved a very relevant amount of funding, it is better to start your business part time (nights and weekends) with a full time job that sustains you. In this way:
- If the business takes off, you can move on it full time, losing only a bit of time/efficiency compared to the scenario where you started full time immediately
- If the business doesn’t take off, you can simply go on with your daily job till the next idea to test
Thus, the path I would recommend is:
- Get a job/ continue studying
- Start the business part time
- If it takes off move on it full time. If it doesn’t restart from point 2 with a new idea
You will still have to take a leap of faith at a certain point, as you never know a business idea is 100% solid when working part time. Still, in this way you can decrease in a relevant way the risk to jump too early on an unproven concept.
Best,
Francesco
Hi Thuy,
my experience is that unless you are a serial entrepreneur, have already seriously tested the idea or have achieved a very relevant amount of funding, it is better to start your business part time (nights and weekends) with a full time job that sustains you. In this way:
- If the business takes off, you can move on it full time, losing only a bit of time/efficiency compared to the scenario where you started full time immediately
- If the business doesn’t take off, you can simply go on with your daily job till the next idea to test
Thus, the path I would recommend is:
- Get a job/ continue studying
- Start the business part time
- If it takes off move on it full time. If it doesn’t restart from point 2 with a new idea
You will still have to take a leap of faith at a certain point, as you never know a business idea is 100% solid when working part time. Still, in this way you can decrease in a relevant way the risk to jump too early on an unproven concept.
Best,
Francesco