Entrepreneur

Man that's a wonderful decision if you know work, i know a friend who's worked on something like this i helped him with some development work so he can get started , now he is living the best time of his life, so my advice is go for it.. there would be few bumps along the way but that is just life so don't worry about it keep your game steady and you will be alright.

Do not leave your w2 unless your business is making twice as much post tax and consistently.

If u leave ur W2 before the biz takes off and it fails ur gonna hate ur life when u have to go back to a W2. Everyone who left and had to go back to a w2 knows what I’m talking about.

It really depends on your savings and risk tolerance. I’ve jumped into founding startups (different than what you’re doing but similar salary tradeoff) when I was 22/23. I had some savings as I worked a lot since I was in high school (and through college). Just have a backup to your backup plan. If your idea fails, what will you do? If it only succeeds 50% what will you do? What if it takes longer but you see traction (and not enough income), what do you do? etc. Basically, decision tree out what you want to do, what may happen, and what you realistically can do after. It doesn’t have to be crazy or complex… but it’s a super smart thing to do when evaluating risk and understanding your options today and tomorrow.

Good luck!

Source: serial entrepreneur who does a lot of corporate strategy and startup advisement/mentorship.

I think trades are very good for sole proprietorships or small business purposes. The skills you’d employ at scale are so far removed I wouldn’t even recommend you be a tradesman and an entrepreneur in same trade.

All in all, you can make a very respectable living in almost any location with almost any trade. If you can do it and you enjoy or tolerate doing it, then go for it.

Your 20's are the perfect time to do this, you're already off the ground so I say go for it. If you're married with a kid in your 30's you will much much less likely to do it.

I just left my old career 1.5 months ago. Do it. The worst part is health insurance. You’re very young though.

Reddit people are often naysayers who work for others.

Either your hustle, 100% go for it. Get a digital marketer on for a few months to get you set up to drive leads and reviews and get a basic site.

You can make a great living, then add people as you scale into a real business.

I’m 50. 3 years ago I left my corporate job to start my own business. It was one of the hardest and scariest things I’ve ever done…and I’m SO GLAD I did it! Ask yourself this question: “ would I rather live with failure or regret? “

One of the books that helped me the most as I made this decision was The Four Hour Work Week. It sounds gimmicky, but there is amazing contemplative material in there about how you approach life in general and the specific questions of “should you leave your job to do something else and what’s the best way to do that?” I read it at least 10 times and it changed my life.

I'll share my personal opinion on the matter :) take it with a grain of salt tho if you'd like :) no hard feelings

It sounds like you're making some kinda traction on your business there. 40k isn't something to laugh at, especially just a side gig. I would highly recommend looking into things like tax breaks though, and get yourself a separate account for just business and then just transfer to your personal what you'll pay yourself. This way you will know exactly what came and went to the business for tax time, otherwise you'll spend forever combing through bank records to figure out what was personal and what was business. Even better, get a corporation or LLC, use a business name too, get a business account, run payroll to pay yourself, etc etc - and really go full force if you think it's gonna take off. Even if it doesn't, those things help for tax time. The big benefit to this is audits. They love to audit self employed people more than anyone else... When you pay yourself from your corporation, it goes down dramatically for both you and your business to be audited. You also get to write off more and not have to be so diligent on tracking things. It's really just "did it benefit the business? Okay, write off". Where self employment is proving it did... (How many minutes on your phone bill was actually business?). If you make enough, you can also get yourself some medical coverage that is deductible on the corporation. The biggest benefit is separation too, so you can really get the picture as to how this business goes for you. It'll be easier to prove as employment (just provide your paystubs), and more. I'm always up to chat about these things if you're interested in it more. I'm a board member for 4 corporations, and a president of 1 (about to open 2 more depending on business)

Past all of that, it really just goes from answering to a boss/manager, to a client. This can go haywire in a lot of ways... You basically have to be the customer service person + the business representative + the business owner + the accountant (unless you hire someone) + even more hats. It can get messy legally, financially, even personally. But it's all about getting down to business (pun intended) and laying out the plans, ideas, goals, and backup plans :) just as a quick overview!

Anyways as I said, always open to offer advice if you'd like!

Good luck :)