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When did you know it was time to give up your F/T job to pursue your side business?

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When did you know it was time to give up your F/T job to pursue your side business?

Old 06-17-2019, 11:30 AM
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Default When did you know it was time to give up your F/T job to pursue your side business?

Let's hear your stories good and bad.
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Old 06-17-2019, 11:55 AM
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When your FT company fired you for working on your side business during their time.
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Old 06-17-2019, 11:57 AM
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When the Space Shuttle Challenger blew up and they offered me a job building helicopters. When they called me back to build space shuttles again, I was already making more money working for myself.
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Old 06-17-2019, 11:57 AM
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2 months ago. Moreso switching fulltime realtor and doing property valuations for lawsuits part-time to full time appraiser and part time realtor. TBD how it plays out. Beginning the shift in November. 2 years apprenticing is gonna be a bitch.

The side job I like a lot more, am a lot happier, pays well, and I don't have to deal with people nearly as much. My income will depend on my abilities and decisions, not subject to someone else's mood swings and whims.
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Old 06-17-2019, 12:31 PM
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Originally Posted by JCC123 View Post
When your FT company fired you for working on your side business during their time.
^^^This!
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Old 06-17-2019, 01:08 PM
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Originally Posted by JCC123 View Post
When your FT company fired you for working on your side business during their time.
This! Was one of the best and worst days of my life!
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Old 06-17-2019, 01:41 PM
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Originally Posted by TorFed View Post
2 months ago. Moreso switching fulltime realtor and doing property valuations for lawsuits part-time to full time appraiser and part time realtor. TBD how it plays out. Beginning the shift in November. 2 years apprenticing is gonna be a bitch.

The side job I like a lot more, am a lot happier, pays well, and I don't have to deal with people nearly as much. My income will depend on my abilities and decisions, not subject to someone else's mood swings and whims.
Got to have a MAI to play in that space (you know that)....good luck.
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Old 06-17-2019, 01:43 PM
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I quit my FT job when all I could think about was my side business .... My side business is retirement.
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Old 06-17-2019, 02:03 PM
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Originally Posted by Tireless View Post
I quit my FT job when all I could think about was my side business .... My side business is retirement.
Pretty much same w me plus I was just burnt out. Happened at 53. Got a great part time job a few years later and still at it 16 years later.
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Old 06-17-2019, 02:04 PM
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I worked a full time job just long enough to earn enough to open my retail store. Never looked back.

Wife knew it was time for her to quit her full time gig at a large clothing company doing design work when I told her she could work from home everyday.

Been a great ride so far. But there are days when you don't have to want to do it, you just have to do it.
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Old 06-18-2019, 03:15 AM
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What kind of business you in Pete? Just curious. I've got 32+ years in at my job and have really been thinking about retiring and doing something else. Just don't know what. Hearing what other folks do gives me a little insight.
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Old 06-18-2019, 03:26 AM
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When your pt biz grows to the point that your FT gig is getting in the way. This is a very personal decision based on financial stability, kids, etc. Nobody has the same answer. You gotta leap.
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Old 06-18-2019, 03:54 AM
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I have always had some sort of side business. I made what I call "The Deal" with my wife 30 years ago. I can do what ever I want if it doesn't come out of my regular income and affect the household budget. Did this for years as there is always ways to make money in my field.
Recently I did the opposite though. I turned my regular job into my full-time business. After 2 company buyouts/mergers and continual discussions of replacing the field staff with subcontractors, I decided to leave before it could happen. Shortly after, the company was bought out again and all the field staff was let go. By then I had already added my old company and several others to my client list. I no longer have time for a side hustle but that's ok.
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Old 06-18-2019, 04:14 AM
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2017. Been good so far
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Old 06-18-2019, 05:29 AM
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I waited until I knew I had enough work coming to support me without the need of the ft job. I also tried to have a little cash on hand- not much about 4K cash, strong consistent sales, and a clear path for growth. Made the jump after 6 months of side jobbing it.
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Old 06-18-2019, 06:34 AM
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Just remember healthcare is a killer if your self employed and your "Always Working" when you own a business.
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Old 06-18-2019, 06:53 AM
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Originally Posted by JCC123 View Post
When your FT company fired you for working on your side business during their time.
Too f'ing true. We had a manager who was subcontracting work to his "company" and doing the work in our shop on the weekends with our equipment. We caught him because we have to qualify any vendor we use.
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Old 06-18-2019, 12:39 PM
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On my own business made more money then my employer's business
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Old 06-18-2019, 01:08 PM
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For me it was when it was apparent my full time job in the computer hardware business was going away. I had my electrical inspector's license a year before the end so when I landed a state contract, I put in my papers and never looked back. The computer job really might have lasted another year but I would have been commuting to the other coast 3 days a week and that was just not happening. I ended up losing about $7500 in separation pay by not waiting until I was laid off but I made a lot more than that inspecting.
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Old 06-18-2019, 01:39 PM
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When my greedy and shady boss tried to make my side job part of my real job and not pay me for it. They saw I was making money in a related business and somehow thought I would just drop it and give them the money I was making. Those were some massively stupid people. I ended up putting them out of business 2 years later.
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