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Episode 2124:
Michelle Schroeder-Gardner explains how to transition from traditional employment to running your own business with greater confidence and less financial stress. Her practical guidance covers testing an idea on the side, replacing workplace benefits, building an emergency fund, preparing a backup plan, and handling taxes and legal responsibilities before leaving a day job.
Read along with the original article(s) here: https://www.makingsenseofcents.com/2015/10/how-to-become-self-employed.html
Quotes to ponder:
“Learning how to become self-employed is hard work and there are a lot of steps a person needs to take before they think about leaving their current job.”
“By having an emergency fund, you will feel a little less stress so that your financial troubles are not impacting your business in a negative way.”
“Having a backup plan can help you feel less stuck in case that point in time ever does come.”
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