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Need advise from seasoned Entrepeneurs only:Should my husband quit his job to work full time on our bussiness?


My husband and I are starting a reatail/wholesale company. We are opening a kiosk at a local mall plus we already have an office space for the wholesale aspect of it. We also have several big festivals lined up where we are retailing our merchandise and attempting to brand our name. My husband has a fultime job as a department manager at a drugstore which is our only source of income until we start selling from our bussiness. The problem is that his "regular" job takes a lot of time he needs to invest on our bussiness. We have about $20K invested. The kiosk opens next week plus we have festvals going on this weekend so we will finaly begin to make sales. There is much work in our bussiness that is not getting done fast enough because of my husband's lack of time. I am a full time stay at home, homeschooling mom of 3 small kids including a 5 mo. baby. I will be working full time at our kiosk when it opens. Any advice from experinced Entrepeneurs would be gratly appreciated!

I can tell you that I am waiting until I can replace my income for 3 months, however I do not need to invest as much time as it seems you might. It really depends on if you think you will be able to live on your income.

My advise would be to hire someone at a reasonable rate to operate in your business until your income matches what your husband currently makes, then have him leave his job.

The tendency in business is to spend 80% of your time on the 20% of tasks that don't actually generate revenue. Have someone do that other 80%...i.e., stocking, administration and sales. Pay them an hourly wage and perhaps a commission as well.

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