I know I need a job to pay the bills....advice from others says that businesses take time to build up to a point where they are profitable enough to support you to the point that you can quit your day job. So this tells me that the sensible thing to do is get a job for now, start a business on the side and work it up from there.
Is it possible to create your own source of income right away, without a job? How fast can you make your own business profitable? What does it take to implement this kind of solution?
Hi Sara -
You don't need a job to pay the bills. You need money to pay the bills. Read that again until it sinks in.
There are 1000s of books and gurus who tell you to start a biz "part time" until it spits out enough profit etc but you have to do what makes sense for you.
If what makes sense for you for whatever reason is to go ahead and get another job, then do that.
But, consider this. If you want to make a successful business chances are you will have to make a failing business (or several) before you have one (or more) that is a success.
If you start a business this year and it fails, will you be able to get a job this time next year?
If you work a job this year and don't start your business, will you be able to start your business next year?
Remember, tomorrow never comes.
YES it is entirely possible to create your own source of income right away, without a job. Panhandlers do it each and every day, its not that difficult.
As far as your questions about making businesses profitable I will make this claim: EVERY business has a period of time before it is profitable. For some businesses it is years, for some it is months, for others weeks. For others still it is profitable with the first sale - however long that takes.
You are asking good questions, keep thinking, keep striving, and go for it!
Have fun, and good luck.
James Hagarty
Bellingham, Washington