We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Should I quit my job?

I've been setting up my own company for the past 12 months whilst working 2 part time jobs (one is 3 days a week at £220/w and one is 2 days a week at £100/w).

I'm not in the position where my own company is making about the same each month as my 2 day/w job but I've not really got much time to push things further.

So I was just wondering whether I should consider leaving my 2 day/w job to push things with my own company or should I stick with both jobs I've got?

Any advice would be great.

Comments

  • chalkie99
    chalkie99 Posts: 1,618 Forumite
    Part of the Furniture Combo Breaker
    Who knows? Not enough information.

    Does your business idea require time currently spent working, e.g visiting potential customers?

    What are the reasons the business is not growing sufficiently? Is there actually enough available trade or are you flogging a dead horse in a saturated market?

    Do your personal circumstances allow you to lose a regular income to chance speculative growth? Depends on your living expenses.
  • hsj2011
    hsj2011 Posts: 122 Forumite
    Thanks,
    The business could swallow up all my time if I allowed it, but I just don't have the time to allow it. I could use the time I currently spend working, but whether that'd bring in extra income and even an equivilent amount of income to my paid employment, who knows but it's one of those things that I'll never know if I don't try.

    The reason (in my mind) that the business is not currently growing is that I don't have time to make it grow. I work full time between my 2 paid jobs so don't have the opportunity throughout the week to phone potential customers, etc.

    As for your last question, yes and no. We could survive without the regular income from the lower paid job (especially as it costs me £12 in petrol per day to get there) but it doesn't make the decision any easier.

    Thanks again
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.4K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.2K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.