Thinking about starting a business? You aren’t alone. Forty-four percent of people are more interested in doing so now than they were two years ago, according to a study by Wakefield Research for MOO, a design and printing company.
The research revealed that nearly three in four people who work a 9 to 5 job admit they are unfulfilled by it, and therefore want to start a side business to pursue their passions. However, while your new business may consume much of your time and energy, you shouldn’t give up your full-time employment just yet.
“Chasing your passion is important but can also be an expensive venture,” said Joe Speiser, co-founder of lifestyle media outlet LittleThings. “Before you find yourself in debt, trying to establish a new business, minimize your financial risk by staying employed.”
MOO’s data found that nearly two out of three millennials are eager to start their own business, and rightfully so— but there are a few important things to consider before diving in. Here are a few tips to keep in mind as you launch your side business…
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