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• Financing Types |
Going from Pay Check to Payoff: Making the Transition from a Job to 1. Introduction
Concern about the lack of a regular income is especially acute on days when the former pay check was received. That day, perhaps at the end of the month, can seem especially grim. The wisdom of the starting the new business seems more and more dubious on those days. “New business remorse” starts to set in, and the entrepreneurs begin looking for escape hatches—most likely back towards salaried jobs. That refocusing diverts attention from their new businesses, adversely affecting them before they’ve been given a good chance of success.
Fortunately, you can take effective measures to alleviate the mental stress of not receiving a regular pay check. Anticipate the probable scenario early on, and take remedial steps to overcome the almost inevitable anxieties you’ll face. Acting early will help you sleep better at night and face your daily tasks with much more vigor and optimism.
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