Long story short, I currently have a 23k/year job working for FiSH. I just put in my 2 weeks notice so that I can devote 100% of my time to my business. I am not completely confident that this is a wise decision, and would like to know what you guys think. I am going to lay out my financial info so you guys can judge for yourselves…
Liquid cash: $3300
Income from FiSH: $23,000
Monthly expenses: $1300
We also have two vehicles, either of which (or both) could be sold and replaced for profit, since we paid so little for them. This gives us $4500 in potential cash as well.
My commute to work is currently 45 minutes one-way, and this costs us $275-$325 per month in gas, total.
I currently have several jobs lined up paying a total of $1025 as is within the next week. Also, my wife is applying for jobs, she has gotten tired of staying at home all day, and we see this as an opportunity for her to get a part-time job as well.
Here are the options I am considering:
Stay the course. Leave my job, devote 8+ hours per day to advertising and working. Make it or break it, do or die.
Option 1 pros: allows me to devote 100% of my working hours to our business.
Option 1 cons: It’s a little scary, for obvious reasons.
Leave FiSH, find a part-time job closer to home. Use my other time to advertise the business until work builds up.
Option 2 pros: A “safer,” more “secure” option.
Option 2 cons: Any job I find will likely pay around $10/hour. Spending time working on our business may be a far more valuable way of spending the time. Definitely interested in feedback on this part.
Post-pone leaving FiSH until he end of May.
Option 3 pros: Allows us to save a little more money.
Option 3 cons: Takes valuable [prime] time away from advertising in the busy season. Makes me look like I am “wussing out.”
What do you guys think? Like I said, I am currently on track 1 but I would be willing to switch if those wiser and more experienced than me think I should. Thanks!