With growing e-commerce sales and a demanding full-time schedule, can I safely transition to managing my online store full-time? Suggestions for timing and financial prep are welcome.
Considering my own experience, the decision to leave a full-time job for full-time entrepreneurship should not be taken lightly. I found that establishing a clear, reliable income stream from the e-commerce business was essential before making the transition. Although the promise of growth is encouraging, securing an emergency fund that covers personal and business expenses provided a safety net during unpredictable phases of the venture. Assess business performance and prepare for a gradual transition, ensuring that the move doesn’t compromise overall financial stability.