How much money would you have to have to

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say F it & quit your dayjob to pursue a business interest?

Reality is most businesses get started on a part time basis and then once demand is high enough people leave their jobs and transition into running their business full time.

But, just as a hypothetical, how much would you have to have to just peace out from your day job and go full tilt on a new business venture? The startup costs of the business are irrelevant. I mean besides that, how much would you have to have in order to feel secure in not having any source of income while you build momentum on a new startup? Also, if time based instead of a set dollar amount, how many x units of time worth of reserves would you have to have? 3 months expenses? 6 months? 1 year? 2 years?

I'm just curious what peoples answers may be as I sometimes find myself wondering if I were to hit $x would that be the figure and would I do it? Or would I still go the side business until it grows route regardless how much money I have? Hmmm..

Last edited by goldfish21 on 18 Nov 2016, 3:25 am, edited 1 time in total.

I may try something like this, so I've thought about it a bit. I'd say you should have two years' living expenses available; three would be better. And you should have some kind of flexible part-time work you can do on the side as needed, unrelated to your proposed business, to fill in gaps if any arise. And you should of course also remember that most businesses fail.

If I were to cash out right now I probably have startup capital + approx 2 years' expenses-ish. But I still don't feel like doing it right now. I want to build more funds and start slow next Summer-ish.

Flexible part time work is no problem. Maybe not at my current job, but it's easy to find other work.

I know most businesses fail. I've had some that have failed already. But this plan is different, the people are different, everything about it is better. And I have cash vs. going into debt. I'm in the best possible position to take this risk - yet I still intend to get myself into an even better position before I take the plunge and do it some time next year.