Small Business Memphis » Home Business http://smallbusinessmemphis.com Thu, 29 Jul 2010 21:27:40 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Tips for Leaving a Job to Start a Business http://smallbusinessmemphis.com/small-business/tips-for-leaving-a-job-to-start-a-business/ http://smallbusinessmemphis.com/small-business/tips-for-leaving-a-job-to-start-a-business/#comments Mon, 15 Feb 2010 14:24:27 +0000 admin http://smallbusinessmemphis.com/?p=194

Can’t wait until the day come that you leave your day job and work on your business full-time. Here a few tips from Legalzoom.com to get started.

  • Figure out how much money you’d have to make each month to match what you make at your day job. It gives you something tangible to attain: not just to increase sales, but by how much.                                                        
  • Plan how much of your business can be earned through different distribution channels. When revenue’s  equal to that of your day job for three months, I’d put in my two weeks notice and make my long-held dream of entrepreneurship a reality.
  • Square away the paperwork:  Take care of all the proper licensing with the state and IRS
  • Set up any wholesale accounts you might need to buy your supplies in bulk
  • Secure private health insurance that your previous employer may have been providing.
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