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Is quitting my less paying job to start my own business the best decision?

I am an employee of a private company, but it is less pay and consumes all of my time. I plan on resigning with a penny in my bank account to start my own business.

I already have a registered business name, that has to do with my areas of strength in Technology. I feature services like CCTV Camera Installation, Mobile Phone Repair, Computer Repair, Solar/Inverter Installation, Mobile App/Software Development, Graphic Design, System Networking, Sales Point Software Installation, Printing and Brand Promotion, Indoor/Outdoor Training, Industrial Cleaning, etc.

I have undergone certified courses on my services, which makes me able to deliver efficiently to clients. But my major challenge is the confidence, and how to start up a business with a penny in my hands.

Reasons I'm faded up with my current job:

It's time consuming.
I'm the first son of my family and all the responsibilities are on me.
I'm being paid a penny which doesn't sustain me and my responsibilities.
I'm paying for two rented apartments (one for me, and one for my parents and siblings) and my current salary isn't enough.
I'm responsible for my parents and siblings food, school fees for siblings, etc.

Reasons I'm not confident enough to start up a business (with or without financing):

I don't know how to go about it.
I don't know how to get customers.
No money to rent an office.
No money to place adverts.
There will be not even a penny to take on all my responsibilities once I quit my job.

Please, I need advice.

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Hi Innocent,

First of all, I understand your desire for change.

There seems to be a need for change if you genuinely can't pay for the two apartments. Can you temporarily all use one apartment and stop paying for the second?

It would be remiss of me if I did not point out that to quit your job and start a business when you don't know how seems very risky. Looks like there are serious risks to you and your family. A shelter is a key physiological need, the base of Maslow's hierarchy of needs. All this really means is you need to look after shelter (your rent) first. Expanding income will have to come as a lesser priority.

When you start a business from scratch, it will take longer than most people realize before you have any income. Longer again until that income surpasses a low wage.

I strongly recommend you do not quit your job first. Instead, I suggest you start a business on the side and see if you can do that successfully. See if you can gain customers and gradually build your client base. See if you can learn and apply all that you need - the rules and laws you need to comply with, for example.

For almost everything, we recognize we need training in a new skill to perform well (for example, your certifications). This means we would be wise to undertake relevant training before we start a new business.

Your skill set seems like it would lend itself well to an IT Services business. You could start one on the side and see how you go. Aim to gradually expand until you learn what you need and have the income to support your family.

As for training, may I say that TheTechMentor.com helps computer techs move to become IT Business Consultants, and has a course that seems very relevant? To learn more about the course, please consider The IT services side business blueprint at The IT Services Blueprint.

You do not necessarily need to take TheTechMentor course, there may be other online or local business support agencies you can use. Please do find a relevant course and please start up slowly/carefully on the side, rather than risking your family shelter.

Kind regards,


Hi Solomon,

After starting and operating several companies, I think you may benefit from the following questions.

1. Would you stay at your current job if you didn't have the responsibilities of home and siblings?

2. Could you give yourself a specific timeline that you will stick to for when to start your own business?

3. Can you make a detailed list of the day to day items of your new business that would need attention, such as social media accounts, promotions, appointments, billing, accounting, which someone else can do for you while you are at your current job?

4. Can you make a detailed list of which services in your new business you could offer customers after you get off work every day or on the weekends with free labor from your family?

5. Are you willing to move so that there is only 1 monthly rent expense (for a while anyway)? You can see how this will work with number 2 above.

6. Since the business you are contemplating has a huge amount of human contact, you must ask yourself if you can provide outstanding value to your customers. This does not mean reducing your prices, as much as it does providing overall outstanding service and communication.

7. If you can see yourself doing these items, you can then go forward to do the normal business research you and everyone else has to do anyway to give yourself the confidence. Things such as competitors market share, and what is it about you and your services that would specifically attract customers to you?

8. The tiny details of how well you know the business you are starting and the extra value you will provide to your customers will go along way in helping you decide if, when, or how to start your business.

Of course, there are many more steps involved to actually starting a successful business but getting a good understanding of some of the items listed above may be of help to you as you go through that process.

Good luck.


Hello Solomon,

That's quite a burden you have on your shoulders!

I'm curious about a few things regarding your finances, but the big questions are: why pay for 2 apartments? It may be more feasible to live together especially if all these finances fall on your shoulders. Cut costs where able. Let your family know you need their help if you are the sole provider for them.

While an office is always nice to have, many entrepreneurs work from home or their library. Make a personal office (or coworking space) one of your business goals.

There are plenty of resources available to help with low-income families AND free resources to help entrepreneurs build a business. Seek them out. Implement their workshops and programs. Apply for grants.

A lot of entrepreneurs rely on "bootstrapping" and barter to build a business. Here are two articles I wrote that discuss these points (I write about and coach those over 50 how to build a business with little to no money). You will find them helpful:


Many great businesses were built with no money. You can do it too.

Kristen Edens


If you would like to start your own business you need to follow these tips:

1. Make Sure Entrepreneurship Is What You Really Want
If you are thinking of starting a business because you lost your job and are having trouble finding a new one, then think about doing a better job search.

2. Decide What Kind of Business You Want
There are a huge amount of business branches. Franchise or independent? Service or manufacturing? Brick-and-mortar retail or online? Consumer or business-to-business? Make a decision.

3. Research Your Idea
The most important thing to remember if you are considering starting a business is this: It's not a race.

4. Write a Business Plan
It is really important for investors as well as for you.

5. Assemble Your Team.
No matter what type of business you start—selling physical products, offering up your services on a contract basis, building a digital product, or launching a startup—there are going to be ups and downs.

Sen Perfect,
Business Coach from Senperfect


Based on the fact that you don't have any discretionary funds and savings, I would advise you to keep your current job and start your business on a part-time basis. You have defined the services that you can provide. You should stick to the IT and software-related ones and forego industrial cleaning and other non-aligned services. It is best to focus on a specialized niche. For your own benefit and that of potential investors in the future, it is important that you put together a business plan, which will define your services, products, market, customer demographics, pricing, marketing, and financial projections. In order to save money, you can find free business plan templates on the internet to help you with the business plan. You can also obtain valuable DIY business advice at www.gsmbizsystem.com.

You can start selling your services through word-of-mouth in your local community. With your expertise in IT, developing a website that promotes your services should be within your grasp. Simple hosting services on the internet can be purchased for a very low price.

Once you build up your part-time business you can then reinforce your business plan with actual revenue and profit statistics and seek financial investment from friends, relatives, and some financial institutions. If you succeed in these preliminary steps, you may then be able to progress to a full-time involvement in your business.


There are some questions that you really need to ask yourself:

1. Why do you honestly want to quit your job?
2. Is there a place for your business?
3. Do you have money to fund it?
4. Are you ready to multitasking?
5. Do you set realistic goals?

Write down your answers, read them out loud.


First, I would like to know what kind of job are you working presently?
Do you have a plan on how to launch your new business?
Does your new business have a target audience?
Do you have a market strategy for your new business?

If you can answer these questions, I think I can give you some good advice on your next steps.

I also want to have my own business on the Internet. I think it's popular. The Internet is a good platform for the realization of themselves and their potential. I decided to create my own website Firecam at https://no.firecams.com/. I like this theme. I need the advice of an experienced person. I don't want to lose my money. What do you say to that?

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