Budding entrepreneurs out there will be keen to pack it up at their current job, sign a lease for a new office space, and ship out immediately. But in such a competitive market where more businesses fail than succeed, its important you consider every step as carefully as possible. The first step is to decide whether to keep your job, and have your business on the side or to go the full Montgomery Burns and dive straight in to business. Here are a few reasons why you ought to be doing the former.

1. You Can Generate Revenue For A Full Launch

Don’t waste time finding investors. If they come along, great. But in general, an overkeen investor search will only slow you down. Instead, keep your day job and trickle money into your budding business. The most important thing is progress, rather get small increments of progress than try bite off more than you can chew.

2. You Will Save Yourself From Emotional Turmoil

The fact is, many people aren’t prepared for the emotional roller-coaster of starting a business. In fact, the emotional costs are one of the biggest reasons that businesses fail. The simple fact of the matter is that if you have a job and a smaller business on the side, you’re less likely to freak out. Simple.

3. There is Less Financial Risk

If ‘losing everything’ means giving your dad a call and moving back to Springbok, your risk profile isn’t too great. But if you are, like many entrepreneurs, in a position where everything is tied up in the business – you’re part of a pretty intense risk profile. The best way to avoid that? Keep the business on the side. Let it take off naturally when the timing is right.

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[Source : Noobpreneur]