Conclusions:

When we look at all this stuff, contrived situations and income and cost considerations, we can see that the decision to leave a day job is based on:

1. Loss of income if a day job is terminated.

2. Cost of maintaining a day job such as travel, cost of clothing, child care and social obligations, association dues, etc.

3. Price of leaving a profession such as losing associations and contacts and gaining a reputation of one who left the profession. The longer you are away, the harder it is to get back.

4. Freedom to take care of children at home and to work in your undies.

5. Decrease in stress generated in your day job with an increase in stress as you must depend on yourself to support your living style.

6. Loss of insurance or retirement benefits or long term job benefits.

Some say in this business, "Don't quit our day job.":

I say, "Quit your day job as soon as it makes sense to do so and not sooner."

John
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Labman Premium Plus
Thanks John, I expect if I blend a couple of those together I'll have my situation. Never is an easy decision. You missed one though. The added time that you can spend developing your business online when you are not loosing 40-50 hours a week at your day job.
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TJ Books Premium
I think that is in there in some form. I'll check. Tnx. John
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taradm Premium
Great reality check. Thanks John, I always enjoy your posts!
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TJ Books Premium
Not an easy decision for some, very easy for others, especially young women with a couple of kids that need mothering or for a guy who works for a real You Know What and wants out. But we must think first about the consequences. Tnx. John
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Apina Premium
Well said as always John. People often dream of leaving their current stable occupation, without really thinking through the realities. One additional cost would be related to accounting and taxes, as not many people have time/knowledge to do it themselves.
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TJ Books Premium
I guess that is a new topic we can entertain considering accounting and legal help which should be part of a business plan. Thanks again! John
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@RICH. Premium
I cried with laughter, recognising myself in some of those scenarios. Thanks for a brilliant reality check, John. I thoroughly enjoyed it! Best. Rich.
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TJ Books Premium
it started as a blog but I got it into a tutorial not thinking, so then I was stuck to write four (4) pages. Tnx. Got you got a laugh out of it. John
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TJ Books Premium
Are you ready to quit that day job or just dreaming about it? Let's hope you can leave it if that is exactly what you want to do. Think about it first. John
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