Before you decide to start your own business, definitely do thorough research and make sure you list all the pros and cons.
This was my list back when CJ contemplated leaving T-Mobile to work from home:
PROS:
- make more money
- both home = freedom to do more family things and spend time with kids
- control of our finances, the harder we work, the more we make.
- making more money now means paying off debt such as car, motorcycle, Disney vacation home
- we can both spend time together to grow L&C Freelancing
- he will leave his current job on good terms so he can always go back to that job if things fail working from home. He'd be starting at less money but at least he'd have a job -- so long as that company is around
- fear of lack of stability
- freelance companies suddenly go under--w/o warning? (Companies sometimes do that too though)
- need to be sure money lost from quitting job is recovered and then extra made to cover health insurance
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