‘Anyone can do it’: This 30-year-old quit her job for a side hustle that now brings in seven figures a year. Here’s how
Yahoo Finance••business
Key Points:
- Elizabeth strategically transitioned from part-time work to full-time entrepreneurship by ensuring she replaced her income before quitting her job, despite facing challenges like drops in ad revenue during the pandemic.
- Building a successful business requires careful financial planning, including calculating true start-up costs, understanding personal financial runway, and preparing for ongoing expenses such as rent and payroll.
- Aspiring entrepreneurs are advised to start small by testing their ideas with low-risk methods and not to quit their jobs until they reach specific milestones like consistent income replacement and savings of three to six months of personal expenses.
- Elizabeth’s experience highlights that while perfect conditions are rare, having a realistic plan, financial cushion, and willingness to begin modestly can reduce risks and improve the chances of a new
