{"id":21626,"date":"2022-02-18T08:29:15","date_gmt":"2022-02-18T08:29:15","guid":{"rendered":"https:\/\/www.potential.com\/?p=21626"},"modified":"2025-03-25T20:45:41","modified_gmt":"2025-03-25T20:45:41","slug":"should-you-leave-your-full-time-job-for-a-side-hustle-that-you-love","status":"publish","type":"post","link":"https:\/\/www.potential.com\/articles\/should-you-leave-your-full-time-job-for-a-side-hustle-that-you-love\/","title":{"rendered":"Should You Leave Your Full-time Job for a Side Hustle That You Love"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" itemprop=\"image\" class=\"size-full wp-image-21627\" src=\"https:\/\/www.potential.com\/wp-content\/uploads\/2022\/02\/pexels-photo-920381.jpeg\" alt=\"Side-Hustle\" width=\"720\" height=\"405\" \/>Image Source: <a href=\"https:\/\/www.pexels.com\/photo\/woman-wearing-tank-top-sitting-by-the-window-920381\/\">Pexels<\/a><\/p>\n<p><span style=\"font-weight: 400;\">A little over a decade ago, the thought of making money online blew people\u2019s minds. It\u2019s more common nowadays to find self-employed workers, but they\u2019re still rare. According to the US Bureau of Labor Statistics (BLS), less than <a href=\"https:\/\/data.bls.gov\/pdq\/SurveyOutputServlet\" target=\"_blank\" rel=\"noopener\">10 million Americans are self-employed<\/a>.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>Why Are There So Few Self-Employed Workers?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The main reason why only 3% of the population considers themselves independent contractors is work insecurity. Freelancing is seen as unstable and difficult to fall back on. Many Americans rely on their employer for <a href=\"https:\/\/policyscout.com\/health-insurance\" target=\"_blank\" rel=\"noopener\">health insurance<\/a>, making it even harder for employees to pull away.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While it\u2019s true the self-employed are <a href=\"https:\/\/www.bls.gov\/cps\/effects-of-the-coronavirus-covid-19-pandemic.htm\" target=\"_blank\" rel=\"noopener\">more likely to lose work during a recession<\/a>, independence isn\u2019t impossible. As of November 2021, only 5.3% of self-employed freelancers are experiencing difficulties finding work. This is down from 42.2% in May 2020, the beginning of the pandemic.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Quitting your cushy day job that pays well is a risk; there\u2019s no doubt about that. But, your side hustle may be the key to long-lasting satisfaction if your day job is affecting your mental health.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>Job Satisfaction: When You Know It\u2019s Time<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">No one really likes to work; not really. There are days when you\u2019d rather stay in bed than drag yourself to your 9-5, and that\u2019s normal. But if you\u2019re constantly dreading Monday and too stressed on the weekend to enjoy yourself, you\u2019re probably experiencing burnout.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>How Common is Employee Burnout?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Mayo Clinic describes burnout as a state of exhaustion that includes a loss of personal identity and feeling unaccomplished. Burnout is often tied to a lack of job satisfaction.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Unfortunately, a <a href=\"https:\/\/www.gartner.com\/en\/newsroom\/press-releases\/2019-10-29-gartner-says-only-13--of-employees-are-largely-satisf\" target=\"_blank\" rel=\"noopener\">Gartner study<\/a> found that only 13% of employees are largely satisfied with their work experiences. That same study showed that 46% of those surveyed were largely dissatisfied with their overall job experience. Dissatisfaction is a chronic workplace issue.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">43% of professionals planned to look for a new job in 2019, proving turnover rate was a problem before the pandemic. If you\u2019re feeling like your day job is killing you, you aren\u2019t alone.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But can you justify quitting your job if you aren\u2019t happy? Should you take the risk, even if that risk could potentially lead to financial ruin? Yes, and there\u2019s a fundamental reason why.<\/span><\/p>\n<hr \/>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<ins class=\"adsbygoogle\" style=\"display: block; text-align: center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-4560705956205775\" data-ad-slot=\"9135581814\"><\/ins><br \/>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<h2><b>Almost Everyone Hates Their Jobs<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The average person spends 90,000 hours at work over their lifetime, but most employees spend this time in agony. A 2017 Gallup poll estimated that <a href=\"https:\/\/news.gallup.com\/opinion\/chairman\/212045\/world-broken-workplace.aspx?g_source=position1&amp;g_medium=related&amp;g_campaign=tiles\" target=\"_blank\" rel=\"noopener\">85% of employees hate their jobs<\/a>. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">90,000 hours amounts to 33% of your entire life. If that time is spent in a state of depression and loathing, what do you think the other 66% is like? Can it make up for the 33% of misery? Probably not, considering that the other 66% is full of its own ups, downs, and wide turns.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Your co-workers, friends, and family members may tell you not to quit your job. While this can be great advice, especially if you have no money or a plan, is it still good if you\u2019re ready? Is it still great if you\u2019re unhappy? Is the advice still relevant if your job is ruining your life?<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/getcircuit.com\/route-planner\/blog\/gig-economy-apps-for-couriers\" target=\"_blank\" rel=\"noopener\">The gig economy<\/a> thrives these days and if you\u2019re confident your side hustle will succeed and you\u2019re willing to put in the work, consider quitting your job. If you\u2019re making a bit of money and you\u2019re already scaling, then you\u2019re ready. Whether being a courier driver is your dream job or you want to blog, you deserve to be happy. <\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>How to Know You\u2019re Ready to Leave Your Full-Time Job<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Here\u2019s how you\u2019ll know it\u2019s time to leave your full-time job for your <a href=\"https:\/\/rickorford.com\/side-hustles\/\" target=\"_blank\" rel=\"noopener\">side hustle<\/a> for good.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>Checked Out and Dazed<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Burned out or not, being completely checked out isn\u2019t fair for the company you work for. You can try to <a href=\"https:\/\/www.potential.com\/articles\/change-bad-habits\/\" target=\"_blank\" rel=\"noopener\">change your bad habits<\/a>, but that only works if you have the motivation. Without it, you\u2019re more likely to feel disappointed in yourself because you\u2019re living for someone else.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At some point, you may realize you can\u2019t do your job forever. You probably started your side hustle because you wanted to feel some sort of job satisfaction. But when you consistently stop bringing your 110% to your current career is the moment you should start your transition.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Remember: the main reason you\u2019re quitting your full-time job is to find happiness. However scary committing to your side hustle may be, staying in your current career is scarier.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>Believing in Your Side Hustle<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">No side hustle is going to pay the bills overnight, but it has the potential to. Unless you get lucky, most startups make small returns when they start. But if you keep working, learning, and marketing, your side hustle will keep growing. Eventually, you\u2019ll earn enough to live off of.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hard work isn\u2019t the only ingredient to success, but it\u2019s still a necessary component. Being a business owner isn\u2019t for the faint-hearted. It can be really unpredictable, expensive, and you&#8217;re subject to a high tax rate. But, the perk of quitting your job and living for yourself is worth it.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you don\u2019t believe in yourself and your side hustle, you\u2019re not going to make it. Keep the passion alive with everything you do, and you\u2019ll find a way to finally quit your full-time job.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>Enjoying Your Side Hustle<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Believing in your side hustle and enjoying it are two different things. While you\u2019ll probably still have days where you\u2019d rather not work, your side hustle can\u2019t be just for the money. You don\u2019t want to fall into another employee engagement disaster, so focus on joy, not your wallet.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you can\u2019t imagine not doing your side hustle, that\u2019s a good sign you made the right choice. If you wake up most mornings ready to work, you\u2019ve found a winner. When the going gets tough, you need to rely on your love for your business, independence, and yourself to pull through.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When you love what you do, everything else comes easier. But don\u2019t forget to consider the \u201cbusiness\u201d side of the business. Otherwise, you won\u2019t be able to sustain your new career.<\/span><\/p>\n<hr \/>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<ins class=\"adsbygoogle\" style=\"display: block; text-align: center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-4560705956205775\" data-ad-slot=\"9135581814\"><\/ins><br \/>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<h2><b>A Realistic Business Plan<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">No online store, company, or business is guaranteed success, but there are ways you can beat the odds. Sure, having money in your bank account helps if you know how to use it. Without a detailed business plan or accounting software, you\u2019re more likely to overspend.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Creating a <a href=\"https:\/\/www.sba.gov\/business-guide\/plan-your-business\/write-your-business-plan\" target=\"_blank\" rel=\"noopener\">business plan<\/a> takes a lot of work, but it\u2019ll help you run your company. A traditional business plan includes an executive summary, market analysis, and a thorough review of your industry and your departments. If you are bootstrapping, a lean startup plan format will do.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You should be able to tell, realistically, what the next 3-5 years will look like. If you assume your budget or lifestyle will change, include that assessment while planning your company.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>Thriving on Flexibility<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Flexibility is a wonderful thing, but not everyone thrives without structure. While that doesn&#8217;t mean you can\u2019t become more organized, you\u2019re still responsible for what gets done. If you\u2019re a chronic procrastinator who finds it difficult to stick to a schedule, you may need a boss.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the other hand, you may need to develop better habits. There are so many positives to self-employment, like being able to travel and work when you want. It would be a shame to give that up because you can\u2019t manage your own time. But if you can, prioritize your side hustle.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While working your full-time job, you\u2019ll need to carve out all the time you can. However, if you can manage to grow your business while you\u2019re employed, you can handle it full-time.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>Finances Are in Order<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Why do most businesses fail? They run out of money. Too often, startups spend too much money in the wrong places or don\u2019t watch their funds carefully. For example, some companies will run a <a href=\"https:\/\/www.potential.com\/articles\/marketing-tactics-2021\/\" target=\"_blank\" rel=\"noopener\">marketing campaign<\/a> without knowing their customer persona or preferences.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Even if your side hustle doesn\u2019t make as much as your full-time job, it still has to support you. Organizing your finances will help you determine if you have enough revenue to cover your personal and business expenses. Plus, you\u2019ll know how much you can spend per month.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Don\u2019t forget to consider your personal finances, savings, and lean business months. Ideally, you\u2019ll have enough savings to support yourself for 3-12 months without income.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>Making More Independently<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">There\u2019s no safer time to quit your job than when your side hustle pays the bills. If you make enough active or <a href=\"https:\/\/www.potential.com\/articles\/passive-income\/\" target=\"_blank\" rel=\"noopener\">passive income<\/a> to consistently live off of, start writing your resignation letter. But don\u2019t burn any bridges, even if your boss is a jerk. You may need them as a reference.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At this point, you may still feel nervous about leaving your current employer. That\u2019s normal. Quitting your job is still a big step, but remember why you started your side hustle in the first place. What\u2019s more, it\u2019ll be impossible for you to scale if you\u2019re splitting time between two jobs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Eventually, you have to make a decision. Between a soul-crushing job and a freeing, fulfilling business, the answer should be obvious. Give yourself the chance to be happy and successful.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image Source: Pexels A little over a decade ago, the thought of making money online blew people\u2019s minds. It\u2019s more common nowadays to find self-employed workers, but they\u2019re still rare. According to the US Bureau of Labor Statistics (BLS), less than 10 million Americans are self-employed. &nbsp; Why Are There So Few Self-Employed Workers? The [&hellip;]<\/p>\n","protected":false},"author":45,"featured_media":21648,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,17],"tags":[],"class_list":["post-21626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-strategy"],"_links":{"self":[{"href":"https:\/\/www.potential.com\/wp-json\/wp\/v2\/posts\/21626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.potential.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.potential.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.potential.com\/wp-json\/wp\/v2\/users\/45"}],"replies":[{"embeddable":true,"href":"https:\/\/www.potential.com\/wp-json\/wp\/v2\/comments?post=21626"}],"version-history":[{"count":12,"href":"https:\/\/www.potential.com\/wp-json\/wp\/v2\/posts\/21626\/revisions"}],"predecessor-version":[{"id":24729,"href":"https:\/\/www.potential.com\/wp-json\/wp\/v2\/posts\/21626\/revisions\/24729"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.potential.com\/wp-json\/wp\/v2\/media\/21648"}],"wp:attachment":[{"href":"https:\/\/www.potential.com\/wp-json\/wp\/v2\/media?parent=21626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.potential.com\/wp-json\/wp\/v2\/categories?post=21626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.potential.com\/wp-json\/wp\/v2\/tags?post=21626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}