1. Make a Time Table
First off, you need to decide when you want to make this jump. 6 months from now? A year? Depending on when you decide, it will change how aggressively you’ll need to work towards being positioned correctly. The more time you decide, the more time you’ll have to prepare. However, waiting too long might not be the best course of action either. Your opening in a market may not last forever! So sit down, and simply feel out what seems like an adequate amount of time you need to get ready for this jump.
2. Put Some Savings Together
You are going to need a backup fund, just in case things don’t work. You cannot rely on your old job keeping the doors open, nor a similar position opening up in time for you fall back to. If you are going to make this jump, you need to ensure that you have some security. I’d suggest at least putting together 6 months of living costs, but a year’s worth would probably more sufficient. Not only will this give you the freedom to make the risks you need to try and make your business truly successful, but it will also prove the level of maturity and forward thinking you are going to need to run a successful business. Take your time and plan out how much you can save, and you’ll be able to rest easy not having to worry about your personal expenses for a time as you jump head first into your business.
4. Consult your Family
Your greatest resource for support is going to be your family. Whether you have children, or are living on your own, reaching out to your family and including them in your plans will ensure that you have the emotional support you need for facing the turbulence of running your own business. Family can also go a long ways towards helping support your personal life, ensuring that you do not lose your mind over you