At some point in our lives we begin to question the routine, we begin to question what we do. Often times we manage to convince ourselves that it’s high-time we take a giant leap of faith to know what’s on the other side unless we’re content with what we have and what we’ve been doing for the last couple of years. If however, you’re contemplating about whether or not you should quit your full-time day job for a jewelry business then you’ve come to the right place because this blog post will help you come up with a decision you won’t regret later on.
Quitting a job requires a lot of consideration and contemplation especially at this time where every human being on the face of the earth is searching for a decent job. Always know that soon as you tender that resignation, hundreds of eager applicants will fill your place even before you’ve finished boxing up your things. Therefore, you have to make your decision count. It has to be a decision that you can stick with for the upcoming years. The question playing in your mind would be this, is it worth it to quit my job to pursue a jewelry business which by the way was born out of a random hobby that you were extremely passionate about?
Before you can say yes or no you need to consider a number of aspects of your business.
In the grand scheme of things, can you really afford to leave your job for a business in the jewelry industry?
A couple of basic number churning might give you an idea if it’s a good idea to leave your job or not.
• How much cash do you need to live on?
• How much money does your business currently make?
• How many sales would you need to complete in order to meet your needs financially?
Common sense will tell you that it’s going to be impossible to come up with answers unless you hit the books. Most jewelers detest accounting especially when it comes to tracking down revenues and expenses. Luckily, there are trustworthy accounting systems you can set up to save you time and grief the more you grow your business. There are also great software packages that you can modify to meet your business’ specific requirements. These programs will calculate your financial reports for you automatically.