Business Risks: Today, many people are doing extra work alongside their regular jobs; some do it as a hobby, while others do it for extra income and future financial security. Sometimes, this part-time work eventually turns into a full-time business. However, juggling two responsibilities simultaneously is not easy. This is why today's youth are considering leaving their jobs to pursue freelancing or starting a business to gain more freedom, flexibility in their time, and better control over their work. However, quitting a job is a big and risky decision. If it's made without careful consideration, it can lead to regret later. Therefore, it's crucial to ask yourself some important questions before taking this step.
Understand the Benefits of Additional Income
First, ask yourself if your part-time income is stable and gradually increasing. Your part-time earnings don't need to equal your salary right now. But there should be a clear potential for growth in the future. If you can handle the increased workload efficiently and skillfully, you can move forward with confidence, especially if automation tools are helping you increase your productivity and get more work done in less time.
Assess Yourself
Next, ask yourself if your specific skills are creating value that is significantly greater than your current salary. If your company or colleagues are consistently seeing excellent and tangible results from your work, it's clear that your expertise is worth far more than your current role.
Examine Your Capital
Before quitting your job, it's not just about having savings, but also having the right kind of capital. This includes reputational capital, meaning people's trust in your work and its results. It also includes relationship capital, meaning a network of collaborators who can support you when needed. Intellectual capital is also crucial, such as products, ideas, or systems that can generate income even without your direct involvement.
Control Your Emotions
It's completely normal to experience self-doubt, loneliness, or anxiety when starting your own business. These emotions can leave you feeling uncertain. Therefore, during this period of change, adopt strategies to manage your emotions, seek guidance from experienced mentors, and connect with a group that keeps you mentally strong and motivated.
Are you passionate about your goal?
The final question is whether you are simply chasing money or genuinely passionate about your goal. When your focus is more on solving a problem than on making money, you continuously learn and innovate. The clearer your goal, the easier it will be to stay away from distractions.
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