Some entrepreneurs leave their 9-to-5 jobs to focus on startups, but not all find success. A Redditor in their mid-20s seeks advice on quitting their job to work on a startup with no revenue, only users and feedback, and six months of expenses. Redditors suggest keeping the job and working on the startup part-time to test its viability.
One commenter warns against leaving a job too early, as income stability is crucial. Entrepreneurship is volatile, and even successful companies can fail. Another Redditor shares a cautionary tale of leaving a corporate job for a side business that was impacted by tariffs and economic slowdown. Having revenue before making the leap is essential.
Jobs offer steady paychecks and predictability, unlike startups. A Redditor advises against leaving a job for a pre-revenue company. Bill Gates emphasizes the urgency of solving climate change. It’s important to prove a startup’s concept and have revenue before fully committing. 1. The stock market hit a new record high today, with the S&P 500 reaching 4,000 points for the first time ever. This milestone comes as the economy continues to show signs of recovery from the pandemic, with strong job growth and increased consumer spending.
2. In other news, the latest unemployment numbers have dropped to 6%, the lowest since the start of the pandemic. This is a positive sign for the economy as more people return to work and businesses continue to reopen.
3. The CDC announced that over 100 million Americans have received at least one dose of the COVID-19 vaccine. This marks a significant milestone in the vaccination effort, as the country aims to achieve herd immunity and bring an end to the pandemic.
4. President Biden unveiled his $2 trillion infrastructure plan, which aims to rebuild the country’s roads, bridges, and public transportation systems. The plan also includes investments in clean energy and broadband internet, with the goal of creating millions of new jobs and boosting economic growth.
5. Finally, scientists have discovered a new species of dinosaur in Argentina. The newly named Llukalkan aliocranianus is a carnivorous dinosaur that lived during the Late Cretaceous period. This discovery sheds new light on the diversity of dinosaurs that once roamed the Earth.
Read more at Yahoo Finance: Should You Quit Your Job for a Startup That Isn’t Making Money Yet? One Founder’s Dilemma