What about quitting a day job to launch a business–good or bad idea?

Question

Which one is better for leading good lifestyle : A job or a business?

There are many small business I've seen raised in local areas for local services like: Online Food Services, online florists, online saloon etc...Are they successful in terms of business? Mention some drawbacks and some advantages doing online business or doing just a job.

Answer 1

Many entrepreneurs jump into a new business without first laying a strong foundation, and as a result, those businesses fail within the first year. Before you quit your current job, make sure to spend nights and weekends researching your market and competitors, and developing a solid business plan.

Next, line up funding, and begin to build your team. At the same time, make sure you’re operating with integrity and at full value to your current employer. When you can’t do both, that’s when you have a decision to make.

Answer 2

If you want to start your own business and want to quit your job, the procedure is simple. Though there is no time limitation in the business, as you are your own boss, being a full-time entrepreneur is an altogether a new thing. To effectively conversion from employee to a businessperson takes a lot of hard work and perfect planning. Here are some steps you can take to ensure a fruitful transition:
• Store for the unexpected:
The first step to start a business is building an emergency fund. A spare fund will help you to fund your daily life in between incomes from your job and incomes from your new business.
• Make a business plan:
Setting a business plan for how you intend your business to operate is essential to success. It doesn’t have too much lengthy or very formal. It just requires stating your goal, the details of your product or service, how you expect to reach consumers, and any plans for growth. If you want to take one step ahead, you can comprise marketing in your business plan.
• Grow your side business first:
You may be decided to quit your job before you have your new business up and running. But think again leaving your day job so soon. The good way to conversion from employee to entrepreneur is to grow your side business first. In this way, you can complete your preparation of business.
These are the simple ways to start a new business after quitting your job. For more information visit www.mediacura.com