I’ve said it before and will undoubtedly say it again: Don’t quit your day job when you start a business!

Jerry Osteryoung, Professor of Entrepreneurship at the the College of Business at Florida State University, agrees:

One of the best ways to find out if you have what it takes is to test your entrepreneurial skills on a part-time basis. This approach is much better than quitting your job and going all in with nothing to fall back on.

Frequently, I see small businesses fail not because the owners lack the skills and capital, but because their business concept was not viable. In cases where these entrepreneurs started part time, they were able to greatly reduce their capital loss and preserve their full-time jobs.

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