For some people, it’s the dilemma of the century: start a full-time e-commerce business, but also have a full-time job. You might share the same dilemma.
In your opinion, your e-commerce business plans will work. Everything is already laid out: the target audience, marketing strategy, suppliers, and even your dropshipping platform. But for all of this to work, you’ll need more time.
That’s where the dilemma begins because you’re still holding down a job. Should you quit your work to make the business plan work?
Quitting a full-time job is a big decision. Before you quit your job to focus on your e-commerce venture, you may want to pause for a moment and think.
Why Do You Want to Start?
Awareness of the motivation is the best place to start. These reasons will be the driving forces behind your need to establish a successful e-commerce business.
The common reasons for quitting your job to pursue an online business include:
- The desire for something new outside of the stereotypical 9 to 5 job;
- The need for more flexible schedules, and
- The desire to try your hand at business.
Whatever your reasons are, it’s important to consider the time and effort that e-commerce businesses demand.
Consider your Finances
Think about your financial situation first. Are you financially capable, or do you need more money in the bank to fund the business?
If you want to resign and focus on your business, the steady stream of income will come to a halt. Set aside some money first before you start your e-commerce business. Determine the startup capital your business will need, and explore funding options. Doing so spares you from worries about the business and, your life in general.
Make the Right Decision
It’s important to stock up on e-commerce knowledge before you quit your job and do it. Once you’ve run through the fundamentals and you still want to quit, do it the right way.
But if quitting your job to fulfill your e-commerce dreams doesn’t sound like the right move now, don’t worry. Those dreams aren’t over yet. You may be able to find a way to stay in your job and still, run an online store.
Making the right decision matters more than regret in the end.