The Real Cost of a Dollar Earned as an Entrepreneur
How does $1 at a 9–5 compare to $1 running your own business? If you want to become self-employed, you’ll need to know how much you need to make to replace your day job’s income.
Note: This article is in no way meant to dissuade you from becoming self-employed. The information is meant only to teach and encourage potential business owners to always prepare and research — and to underscore the indefatigable spirit and accomplishments of small business owners in operation today.
How Much Money Do You Need to Make to Become a Self-Employed?
Becoming fully self-employed is often the ultimate goal for many entrepreneurs starting their first business. For most, working 9–5 or a “day job ”ensure bills get paid and projects are more adequately funded while dreams are chased. However, transitioning from the average employer-employment situation to self-employment takes planning and a lot of research. Whether you’re a consultant signing up clients, an online store attracting customers, or an influencer growing your Patreon subscriber list, it’s important to know the exact number of purchasers your business needs to fully replace your day job’s salary.
