You're Not Ready to Quit Yet
James is trying to get his own video production company off the ground. He has the opportunity to take a full-time day job. Should he take the full-time job, which cuts into his business time, or remain part-time?
QUESTION: James in Atlanta is trying to get his own video production company off the ground. He’s working part time at night and has the opportunity to take a full-time day job. Should he take the full-time job, which cuts into his business time, or remain part-time?
ANSWER: It wouldn’t hurt to take the warehouse job for a while. It’s not saying we’re going to give up on the video; it’s just saying we’re going to work a lot of hours. You’re 21. You don’t have any overhead. Right now, piling up a big pile of money wouldn’t be a bad idea, especially if the warehouse job had a little bit of flexibility in terms of maybe you work four days a week. You do your weekend and night gigs and other stuff with your video, keep the video rolling, keep pouring into it, and then as quickly as it gets up to making almost as much as you make at the warehouse job, you could quit the warehouse job. But you don’t have enough track record with the video thing to call that full-time yet. If you told me you’d made $8,000 in the last year and you’re living at home, and you’ve made progressively more money every month, we’d be pretty close to talking about this. You’re just a notch above a hobby today.
If you’re going to stay in your mom’s house, I would give yourself a deadline as to how long you’re going to stay as a part of hitting your other goals. The longer you stay in your mom’s house, the quicker you quit the job and go full-time with the video, assuming the video’s kicking in. That gives you kind of a safety net, but if there are other issues or reasons to be out of there, then let’s get on out of there. But I think you just start setting some goals and some deadlines and some benchmarks with the money.
The book you want to read is called Quitter by Jon Acuff. I’m going to send you a copy of it about how to work your day job while working your dream into a full-time gig.