Should I quit my job and start a business

Question

Rich Dad · Accepted Answer

If you're asking the question, your paycheck is already starting to feel like a leash.
Let me be blunt: jobs are rented security, businesses are owned freedom. But don’t quit just because you're bored or inspired by Instagram entrepreneurs. Quit when you have a runway (6–12 months of expenses saved), proof of concept (people already paying or lining up), and a skill that solves an expensive problem. If you don’t have at least two of those, you’re not starting a business — you’re starting a panic attack.
Here’s the power move: build the business while employed. Nights, weekends, early mornings. When your side income hits 50–70% of your salary consistently, then jump. Don’t leap out of emotion — leap out of leverage. Make your job fund your escape plan. Calculated risk is sexy. Blind risk is stupid.

Poor Dad · Answer

Before you quit, remember: stability feeds families, dreams don’t — at least not immediately.
Starting a business is risky. Most fail within the first few years. Do you have health insurance covered? Retirement contributions figured out? A steady income matters more than excitement. You worked hard to get this job — don’t throw it away without a very detailed plan. Think about your fixed expenses, dependents, and long-term financial security.
If you truly want to try, consider taking a leave of absence, reducing hours, or building the business slowly on the side. There is nothing wrong with steady progress. A safe foundation gives you options — desperation removes them.

Should I quit my job and start a business

Rich Dad Says

Poor Dad Says

Whose advice would you follow?

Share this debate

What do you think? (0)

More debates