Photo Credit: EverJean

Quitting your job can be one of the most rejuvenating experiences in your life. I personally quit my job at the end of May to do the work that I do online, full time, and to try my hand at it while I still had the freedom to do so.

Quitting your job isn’t something that you should do on an impulse, however. You should calculate it out, talk with family, friends, and then determine what is best for you in the long run. Some people aren’t cut out to be their own boss, the independence and the pressure of gathering clients, and making money can be too much to bare for some people. Those people are better off staying to work for someone else, until they are comfortable holding their entire life in their hands (financially).

It is very difficult to make your first livable wage online, I am not going to lie. I am in the situation where I have some room to breathe as I am still a student in university. IT is a whole different ballgame when you have a family to feed, bills to pay, and a home to provide for.

The first thing you need to do is to start slowly. Start working 1 hour per day after (or preferably before) work each day. Take that time to get started in what you want to do. If you want to be a copywriter start trying to get some small paying jobs and bring in $10-20 per hour for that hour you are working. If you make $10 per day for 6 days a week, that is $240 per month, or an additional $2880 per year. Now you can see where things are going. That is a vacation for the family for a week (or two) or almost a car payment for a new (used car).

Once you start getting into your business a little more you can start to transition. I wouldn’t recommend quitting your job unless you can make 65% of your normal income out of the gate the day after you quit your job. Especially if you need to support a family.

By taking things slow, you have a better chance of making errors early (when you are still employed) rather than making them when it could be a big deal for you or your family. Start out working 7-10 per week on your internet business and then take it from there, good luck!

All industries are feeling the burden with the credit crunch and there doesn’t seem to be any light at the end of the tunnel just yet

Major airline companies like Ryanair and Easyjet are having to ground several of their planes due to the high cost of fuel at a sky high price of $150 a barrell compared to $8 a barrell nearly 20 years ago.

House prices are falling and major construction companies are loosing money everyday and having to lay off workers.

Food prices are rocketing up every day

Energy prices are rising and only today annouced by British Gas that their prices are being increased by 35%. They are also giving customers to opportunity to fix their rate till 2011.

There seems to be no better time than now to start your own business, more particular a home business that gives you the freedom to work from home and make extra money to help with your high bills