Fully disclose your proposed business idea,

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Fully disclose your proposed business idea, and your attorney will give you their opinion on if you’re violating any of your agreements.

Ask for guidance on how to stay safe moving forward.

It may seem obvious, but don’t work on your project during company time. You’ll also need to refrain from using company resources on your personal project, no matter how tempting that may be. This includes not using your work computer, any online tools, software, subscriptions, notebooks, or seeking the assistance of other employees.

If a link is ever traced connecting your personal project to anything directly related to your job, you expose yourself to potential legal action. Just don’t do it, and you’ll have nothing to worry about.

You’re also probably very friendly with some of your co-workers and one of them may even be your business partner in this new venture. It may seem natural to want to ask your co-workers or your boss what they think of this new project that you’re working on, but I recommend treading very lightly on this subject.

10. Reach Critical Mass Before Quitting Your Job (to Start a Business)
I can’t emphasize this one enough. Don’t quit your job right away.

“But I could get so much more done and get this launched next week if I albania phone number database just dedicate all of my time to it, right?!” Not quite. Even if you could, you really don’t want to. Here’s why.

Don’t get me wrong, I’m an advocate of only doing things that I’m passionate about, and doing those things with 100% of my energy. That being said, I’m willing to take my time in fully vetting an idea, discovering my target market, and testing that idea with them, before making the solo decision that “this must be great!”

Having the time to continue thinking things through and seeking the advice of others will greatly benefit your new business, rather than hurrying through everything with tunnel vision like you’re in the middle of a giant adrenaline rush.. as fun as that sounds.

Even more importantly, unless you’re working on a high-growth startup and can secure investor funding (or you’re able to self-fund), you’re realistically going to need some form of sustainable income before your new project is able to be that sole source of sustenance for you. This is where your job comes in for now—just check out how David and John, The Debt Free Guys prepped before launching into their own business full-time.

The last thing you need is the stress and strain of worrying about your cashflow early on while you’re still trying to figure out how to hit the accelerator on your business. I’ve made that exact mistake, and in turn had to make some difficult sacrifices to keep the business alive and growing.