1–10 of 24 posts
How you did it?
What are the tips you give who can not afford to loose job but really(I mean really really) fed up and want to do something of their own and want to be on that path.
It helped me to have a lifestyle which was way less expensive than my wage permitted: tiny apartment, eating healthy but cheaply (preparing my own food is the key), using clothes at least 1~2 years before buying new ones, no housekeeper (even if if I hate cleaning). So, even when my income drastically decreased, it didn't change my life too much, and I could live on my savings much longer.
Know what you love to do. Become good at it. Use your skill and passion for that thing to make something that other people who don't have your skill and passion can't do themselves. Become comfortable with the unkown. Stop looking for reassurances by other people. Start enjoying the unkown and thrill of being crazy doing crazy stuff. Have confidence in yourself that when things belly up you can always find something similar to what you gave up before. Have confidence that nothing will ever be the same, and the difference in taking the leap of faith and not is that in the former YOU are deciding when things change, rather then being forced into change when it might not suit you (financial crisis, company restructure, political unrest, whatever.).
Ultimately just-do-it. If you can't just do it, then you might not have what it needs to do it.
Hard work and persistence wasn't enough - there was a big element of luck involved, and things could have easily crashed and burned. It took me almost a year until I felt "safe". The transition period was very stressful, burned out a few times, and almost "gave up" (meaning, just go work for another company).
As others have noted, I suggest keeping your job, take time to prepare the ground, and make sure you're well-prepared for the transition. That means, have a profitable business before jumping ship. I know that's not easy (well, nothing worthwhile is easy), working full-time while building up a side business, especially if you're burned out at the current place of employment.
Another point I'd like to note is that "being your own boss" comes with its own challenges, risks and downsides. In a way, it's like working for many "bosses" (clients) without the benefit of financial security. So I would recommend keeping the option open to find a job at another employer, one that treats you better than the current one. If peace of mind is what you seek, that might even be a smarter choice.