well finally something that will get u to be a mdosi.

Congratulations on this decision. My advice would be apart from waiting for your biz to take shape like in 2 months or so before quitting, also make sure you have savings on your account that can sustain you for at least 5 months or so in case ur biz doesn't generate the expected income within the 1st few months. Finally you will always be having this voice telling you to wait until next month so that u quit even if the right time has come. Just tell that little voice to shut up and do it coz the only way to move forward is to break the bridge so that there is no going back.

@mdosi
I have direct experience in this. Unfortunately for me, I had a complete disaster. This is what I learned;
- do your due diligence be very patient as you do this
-the GOK will be a headache
-hedge your bets
-expect the completely unforseen
- expect delays, problems, and failure

If you lack serious determination I'd say don't do it. Remain an employee and just suck up to your boss.

Well, personally i think it all depends on what kind of business you want to start,your experience in that field and of course your passion in it. There's a reason why they say,you can't have your cake and eat it. If you have decided to quit your job and pump all your energy,focus and passion on something that is totally beneficial to you and your future...then trust me,you will survive in business.But if you're still hang up on your monthly cheque and fear not having you rent at a certain date come end month,then business isn't for you!
Business is about being bold,believing in yourself and being ready to face the worst. It takes a while to build a business but the long term fruits are very sweet. So,if you think you've got it..then dont listen to people..just DO IT

Build your dreams, otherwise someone else will use you to build theirs

@mdosi, there was another thread titled 'How did you start'.Maybe it could be of help

@Kadonye. Asante sana for referring me to the other post. It has useful content and i will surely benefit from all the ideas there and definitely other people will too.

In this post, i am seeking to know experiences of transitioning from employment into business, whichever business one is undertaking.
Keep them coming.

thanks guys too....been looking to go solo and i think this is it.
been very helpful thoughts i seen here...

The problem with the rat race is that even if you win you are still a rat

I dont believe in people quiting their jobs to start businesses cause i have seen a lot of people make that mistake and they have ended up being worser than they way before risking their families in the process...i believe theres a better approach to this i.e if you want to raise poultry for egg production you can employ one of your unemployed family member as the farm manager...i mean you make him in charge with the day to day operation of the farm...then you yourself will get involved over the weekend i.e check the books of the farm....keep in touch with your creditor or investors...

hating an 8 -5 job is NOT reason enough to go into business...

when you are running your own business you will probably have to work 26 hours a day all seven days of the week..

i wish you got beyond yourself and mentioned matters entrepreneurial such as that you have spotted a niche market.. or you have developed a database of clients that you think you can convert into business other wise..

i smell trouble from a distance and in an year or so you will be redistributing your c.v. having learnt the lesson the other way..

i have seen some rats that are fatter and bigger than cats...

by the way is rabbit a type of rat..???