If you have been contemplating to quit your job to start a business of your own, you better think twice. In this recession, some would kill to retain their job. However, if your mind is all set up, here are some pros and cons to quitting your job, and some considerations you must keep in mind when doing so.

PROS

- You get to focus your attention full-time on your startup business.
- Potential investors might find that as a sign of commitment and therefore will be more willing to invest in you.
- Easier to arrange meetings and make business calls during business hours.

All these pros allow you to really focus on your startup and evolve it, ensuring the maximum chance of success. In the case of your own startup, it does not make any sense to want to diversify. If you only have one chance, one opportunity, you have to do it once and do it well. Give it all you’ve got.

CONS

- You lose a steady rice bowl and need to pump in a sum for your initial capital
- Your savings will slowly be depleted to grow your startup or absorb initial loses.
- Should you change your mind in the future and decided to find a job again, you might have difficulties finding one that suits you.

If you have saved up a good amount of money for your startup, your situation might not be that uncertain and you have about a year of buffer. However, if you haven’t managed to save up or only have enough cash to tide you over for a few months, you might need to wait a little longer to start your own business.

   

]]> http://petertheplanner.com/should-you-quit-your-job-or-not-part-1/feed 0 http://petertheplanner.com/unique-xmas-shopping-experience http://petertheplanner.com/unique-xmas-shopping-experience#comments Sun, 16 Nov 2008 17:31:37 +0000 Peter Lim http://petertheplanner.com/?p=144

As Singaporeans are starting to feel the pinch during this recession, quite a number of them have their spirits dampened. However, a silver lining is around the corner in the form of Christmas!

Christmas, being a season to be jolly and thankful, will provide the much needed retail therapy that Singaporeans need.

Personally, I feel that although you might feel the need to scrimp and save for yourself, you still need to share the joy of Christmas with others. Thus, I would like to recommend an alternative to shopping.

Instead of hitting the malls or online shops, why not scour around Singapore to find good deals at bazaars that are usually organized by various organizers? You can find the best deals in town and unique products that cannot be found anywhere else at these bazaars.

One of these bazaars is the Mille Fleur Bazaar at Clarke Quay which is the most celebrated Night bazaar in Singapore! The monthly bazaar, which has been going on since May, is organized by J’DORE and is held from 6pm to midnight.

The next bazaars are going to be on Fri,& Sat, 13 December and Fri, 19 & Sat, 20 December.

You will be able to find fashion and lifestyle products sold there ranging from handmade jewelry, apparels, accessories, bags, beauty products, stationery, gift ideas, etc. It’s the perfect place to go and shop for your loved ones on your Christmas list.  

If you have an entrepreneurial mind and would like to test your products to the market without having to incur the high rental cost of pushcart and shop, J’DORE is the company that you are looking for!

J’DORE strives to support local and international entrepreneurs who deal in fashion and lifestyle products.

For more information, you can visit their website at www.millefleurbazaar.blogspot.com or email them at jdore.events@gmail.com.

Happy shopping!!