How do you confidently make the leap from corporate employee to entrepreneur or consultant?
If you want to make it on your own, there are three important steps many successful entrepreneurs take before they head out.
Reduce your costs
Live minimally. Gain freedom from your job by not needing the paycheck.
The more expensive your lifestyle, the riskier it is to jump to something new and uncertain that could have a potentially low income at start.
Build a nest egg
Tuck away a little bit of money each paycheck to save for your future expenses. A great rule of thumb is to save enough to cover six months of expenses.
Hustle on the side
It’s called moonlighting, and it’s a great way to test whether something you want to do is feasible. The best time to try out your new project or company is when you have the structure of your current job to help support you.
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