Don't quit your job until your business makes $1 million a year. Financial pressure forces bad decisions. Instead, spend 2-3 focused hours daily on one strategy for one to two years, let it compound, and go full-time only when the business out-earns your salary.
You should not quit your job to become an entrepreneur. You should not quit your job until your business is doing at least $1 million a year. I don't care how big your aspirations are. You should not quit what is already making you money to go all in until you're doing at least $1 million a year. The entrepreneurs that I see fail are the ones that are tense about money, and so they are doing things for short-term wins because they have no backup plan. You think, oh, I should just burn the boats and go all in. And I'm telling you, most entrepreneurs fail when they do that. The The way that they win is actually they don't need the money, they don't need the thing to succeed, so they can put all of their energy and all their capital back into that thing until it compounds enough where it's spitting off enough cash flow to where now you can quit the job. Also, when you've got 9 hours, 12 hours to work on a business, you will waste more than half of it, especially in the early phases. You've got 2 to 3 hours blocked off to be able to go all in on one strategy and it gets all of your focus. That is when things start to move and start to compound. So do not quit your job, do not give yourself 12 hours a day to work on your startup. Give yourself 2 to 3 hours a day of focus on one strategy, one product, one group of customers for like a year to 2 years, and then you'll be in a position where the business is big enough to where you can go all in. Wait until you are out-earning your job in your business before you go full-time.
