The Pros and Cons of Quitting Your Job to Start a Business

While you’re in your nine-to-five job, have you ever dreamed of starting your own business with your own Tysons Corner office space? Starting your own company is a major life decision. That’s why you have to assess its pros and cons before taking the leap.

As a budding entrepreneur, what’s your vision for your start-up—make it as big as industry giants or more of a lucrative hobby? Are you ready to go full-time in growing your business, or do you feel more secured with a steady paycheck and benefits from your employer?

Deciding to leave your stable job to start a business is one of the major decisions many aspiring business owners have to take. It’s not an easy decision to make. To help you, we’ve listed some advantages and disadvantages of leaving your job to set up your start-up business:

Pros:

• You can work hard while pursuing what you love…and if successful…earn an income while doing it.
• You can have more control over your work-life balance because you decide on your day-to-day schedule.
• You have the freedom to choose the type of clients and projects to work on.
• Although starting a business entails risk, you’ll have more time to focus on planning how to grow your business.

Cons:

• There is a high chance that your income will be very variable.
• Although you manage your own time, you may have to work longer hours for operations, training, and marketing activities.
• You may have to deal with isolation, anxiety, and pressure along the way, especially during the early stages of your business when you’re doing everything on your own.
• With a variable income, you might end up depleting your savings and incurring debt trying to start your business.

Whatever you decide to do, make sure you are 100% committed to it so you’ll be ready to face these exciting challenges. Most decisions have some type of risk, and you may never be fully ready to take the plunge. But you are thinking about starting your own business, calculate the risks, draft a comprehensive plan, and arm yourself with the resources you need.

Need help setting up your business? We are always ready to help budding entrepreneurs like you. Even with a limited budget, you can have your own office for your start-up. We have executive office spaces, shared office spaces, workspace on-demand services, and meeting and training rooms.

Call us now at (703) 871-5208 for your own Tysons VA office space that comes with operations and technology support services from our talented team at Metro Offices. We will be glad to help you get your business going. We offer workplace solutions in Washington DC, Virginia, and Maryland.