I would imagine the most the professionals on this foram, like myself, at one time or another started a business and/or purchased one. Start by sitting down and ask yourself how much income you can generate in each of the first three years. If this income is going to come in slowly, the question is how you pay your bill.? If you're lucky, you may have a spouse that works and can support you during this period of time as you building the business adn the next question comes in the form of how much startup expenses are involved just to get the business up and running? I spent 14 years in trust departments and when I finally went on my own in 1982, I had 13 clients on day one. Do you have a client base that you can depend upon before you make the move or will you be selling a product directly to consumers or distributors? If in fact many of these answers are positive, be sure to decide whether you want to begin with an LLC or S corporation in order to protect your personal assets and those of your family from liability. If you do a startup is it going require capital and the question is, how long can you last before the capital is exhausted? Do you have friends and family that might help support you during this period of time? Getting back to your question, do you in fact have a source of income for starting this business and if so, this could be a terrific move. I've been on my own a long time and I sincerely hope I'll never have to go back to work for anybody again. Good luck
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