mkirby Posted September 16, 2008 Share Posted September 16, 2008 Well i started my business about 6 months ago and i still work full time for a courier but my business is going really well and my business partner is already working full time and more importantly getting paid by the business but its taking up most of my time and its having a big impact on my full time job, in fact such a big impact i nearly lost my job last week!! So do i take the plunge and hand my notice in and go for it??? We have a good amount of business coming in and a new contract which if all goes well should pretty easily be able to pay me what i need to survive ie pay the mortgage but its still a huuuuuuge thing to give up that guaranteed monthly salary. Mike Link to comment Share on other sites More sharing options...
Max Headroom Posted September 16, 2008 Share Posted September 16, 2008 By the sounds of it you have a sound footing for your business, ask yourself "what if?". I left the RAF and ran my own business and it was stressful to start with. It is down to the fear of not knowing. Sorry I would write a bit more but I'm knackered and off to bed. Will write a bit more tomorrow Link to comment Share on other sites More sharing options...
Havard Posted September 16, 2008 Share Posted September 16, 2008 Go for it..!! In the end, being employed only gives you about a months security at best. What if they made you redundant etc?? I think that there is probably more security in being self employed than employed...!! H. Link to comment Share on other sites More sharing options...
ShamelessTT Posted September 16, 2008 Share Posted September 16, 2008 Just make sure you put some away for the lean times, cos with running ur own business its very much of either feast or famine in my experiences (at least in my line of work). Link to comment Share on other sites More sharing options...
AndrewOW Posted September 16, 2008 Share Posted September 16, 2008 If you can reliably make your own money in this world, then you should do it. I know I would. Good luck whatever you decide Link to comment Share on other sites More sharing options...
jaymdee Posted September 16, 2008 Share Posted September 16, 2008 Go for it..!! In the end, being employed only gives you about a months security at best. What if they made you redundant etc?? I think that there is probably more security in being self employed than employed...!! H. My mate was in this situation and decided that contracting was better as he only had a one month notice period anyway and contract jobs are usually longer. Luckily, considering the current uncertainty, I'm on 3 months notice, so moving to another job takes a lot of careful consideration... Link to comment Share on other sites More sharing options...
mkirby Posted September 17, 2008 Author Share Posted September 17, 2008 cheers guys, had a good chat with the wife last night and looks like i'm going for it i suppose the main thing that worries me is the mortgage but at the end of the day this is my future and the worse senario is we sell up and rent for a while which is not the end of the day and will save us a fortune as i pay £1200 a month mortgate Link to comment Share on other sites More sharing options...
stevie_b Posted September 17, 2008 Share Posted September 17, 2008 cheers guys, had a good chat with the wife last night and looks like i'm going for it i suppose the main thing that worries me is the mortgage but at the end of the day this is my future and the worse senario is we sell up and rent for a while which is not the end of the day and will save us a fortune as i pay £1200 a month mortgate £1200 a month: that's a fair whack! But I imagine you'd have to rent something quite small in order to pay less rent. But that's the pessimistic view.... It sounds like you want to go for it, which should count for a lot. Also, you could argue that when things are looking bleak in the economy and your business is still doing well, it's a good sign. I don't want to swing you either way because it's a very important decision, but these are all things to consider. Link to comment Share on other sites More sharing options...
mkirby Posted September 17, 2008 Author Share Posted September 17, 2008 £1200 a month: that's a fair whack! But I imagine you'd have to rent something quite small in order to pay less rent. But that's the pessimistic view.... It sounds like you want to go for it, which should count for a lot. Also, you could argue that when things are looking bleak in the economy and your business is still doing well, it's a good sign. I don't want to swing you either way because it's a very important decision, but these are all things to consider. tbh at the moment we could rent something similar to what we have for 3 or 400 pounds less that our mortgate!! unfortunately we bought at the wrong time but i was earning lots of money so it didnt matter, hindsight is a wonderful thing LOL Link to comment Share on other sites More sharing options...
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