Quit Job to Launch a Startup: Two Routes Compared.
When you quit job to launch a startup, you learn after committing rather than before. Tegan Brown did exactly that with skincare in Australia. However, her story has no ending yet, so it shows a different price for information, not a failure.
Tegan Brown and the other route.
Brown left her recruiting job at launch, with no overlap at all. She chose to refinance property to fund a business, pulling roughly a hundred thousand dollars of equity from two investment properties. Then it went into stock, marketing and content. Her reason for LumiLift was helping women avoid costly quick fixes that do not last.
Why outcomes are the wrong judge.
At the time she was written about, the business was not profitable. However, casting her as the cautionary half of a pair would cheat. She may be twelve months from something excellent. So judging decisions by outcomes that have not happened is exactly the fault chapter 2 warned about.
What happens when you quit job to launch a startup.
Two women, one country, one industry, two routes. One spent three years finding out before anything irreversible happened. Instead, the other is finding out now, in public, with her property committed. Neither was braver. In short, they bought information at different prices, and you stand where Brown stood the morning before.
Price your information before you quit job to launch a startup.
Write down what you would commit if you left at launch tomorrow.
Write what you could learn first while that money stays untouched.
From the book.
What the pair actually shows you is narrower than that, and I think a great deal more useful. Two women, one country, one industry, two routes. One of them spent three years finding out before anything irreversible happened. The other found out afterwards, and is finding out now, in public, with a hundred thousand dollars' worth of her own property committed to it.
I Want to Start a Business but I Can't Quit My Job, chapter 9: Do not leap. overlap.
Questions about quit job to launch a startup.
Is it a mistake to quit job to launch a startup?
Not necessarily, because her story has no ending yet. Leaping simply means buying information at a higher price.
Does the lack of profit at LumiLift prove leaping fails?
No, judging a decision by an outcome that has not happened is the fault to avoid.
What does the pair really show?
One founder learned before anything irreversible, while the other is learning afterwards with property committed.
Read the whole chapter.
This lesson covers one section of chapter 9, “Do not leap. overlap.”. The book goes further, with the full evidence, the stories and every exercise.
Lessons in this chapter.
- 01 How Many Hours for a Side Business: The 96 Hour Trial.
- 02 Hybrid Entrepreneurship Study: Overlap Lasts Longer.
- 03 12 Week Business Experiment: One Number, One Stop.
- 04 Selection Bias in Startup Research: Read It Honestly.
- 05 Downsides of a Part Time Business: The Salary Shield.
- 06 Quit Job After Product Launch: Order Your Decisions.
- 07 Quit Job to Launch a Startup: Two Routes Compared.
- 08 No Time for a Side Hustle: Fixing a Trial That Slips.