Ramit Sethi says keep your job while building a business on the side. Only quit when your business makes more than your salary for three months straight. Build clients and income first, cut costs, and save runway so you land before you need to.
He would not consider leaving until his business made more than his full-time job for three months in a row.
One of the things I always encourage is if you have a job and you like it, stay with the job. Do this on the side, start building up a little client base, a little income, and then you can create a rule for yourself. Like back in the day, my rule for myself was I was not even going to consider leaving my full time job to go run my business full time unless my business made more than my full time job three months in a row. That's a pretty high bar because three months in a row, sometimes I went two months and then I had to reset. You choose whatever works for you. At the same time, if you want to be really conservative, I would start cutting my costs and putting extra money into savings. You've heard me say before that one of the key differences between living a rich life and everybody else is that people who live a rich life land before they need to. So if you were thinking about starting a business, the ideal scenario is to start planning way ahead. Start the business before you quit your job. Put money aside every single month so that when you quit your job and you go full time on this business, obviously it's going to be tough. Sometimes things go up, sometimes things go down. You're going to have a nice little buck.
