A short YouTube advice clip (speaker: Kyle Balmer) advising first-time entrepreneurs not to immediately quit a secure 9-to-5. The speaker recommends maintaining the job while generating and validating business ideas, testing market interest, earning initial revenue, and only then reducing hours or moving to freelance as the business gains traction. The central caution is avoiding the financial scarcity that follows quitting too early.
Chapters
Don't quit the Day job Now this sounds like extremely negative advice from somebody who doesn't want you to succeed when starting a business, but it's actually quite sound and I want to tell you why. This is a question from a viewer. I asked people what the biggest blocks were in starting a business and Harbinger says, I think making the job from a secure job to the unknown. I would generally recommend that if you are starting your very first business and you're currently in a 9 to 5 job, you maintain that job, at least initially. What you need to be doing on the side of your job is coming up with business ideas, validating those ideas, see, seeing if people are interested in what you have to sell, and then starting to generate your first revenues. Once you've done this, you can then start to think about dropping your 9 to 5 down to part time or perhaps replacing it with freelance work whilst building your business on the side. I do not recommend you immediately go cold Turkey, quit the 9 to 5 and start a business because there are too many risks involved there and you are building a business from a place of scarcity where you now need to make up that money.