When is the right time to go all-in?


Just the other day I was speaking to one of my guys on the team and he said he feels like quitting his job to go full-time on the business platform that we are working on. I said, “Woah… woah… hold your horses, I don’t think it is the right time yet.”

Now just when is the right time for employees to go from part-time into full-time?

Like many entrepreneurs, I have faced this question more than a couple of times myself as well, and one of the things I really wished was someone told me exactly when it was the right time to go all-in?

There are a couple of grey areas that must be clarified in this discussion in order to make this article helpful for everyone considering the same question.

  • Mindset
  • Efforts
  • Time


While it is recommended for most new entrepreneurs and new business owners to go only on a part-time basis initially, the mindset has to be that of a full-time business owner. That is to say, we take full responsibility of our efforts and outcome of our business. Take responsibility and acknowledge the risks at stake, then make a decision to yourself if you really want to make this business happen. If your answer is yes, then stick to it, don’t waver. If you are wavering, it is fairly normal and usually it signifies that this might not be the right platform for you, or you need to put in some efforts in developing yourself to be the business leader that you think is ideal.

That being said, of course the main objective of going into business part-time is so that people can transition their mindset from that of an employees to that of a business owner. Business owners typically think very differently – they lead themselves as well as their business teams, acknowledging every result is a learning opportunity and is directly or indirectly responsible for it.


Assuming the new business owner is working on the business part-time, in no way should it be half efforts at all. In simple words, take your part-time business seriously. Work on it passionately and pump in your efforts tirelessly, just like a kid who stays up all night to play with his new toy or game, exploring a new device or program. This may sound contradictory, but having fun with your business helps. Do not be mistaken of course, having fun with business is by no means playing a fool with it.

My mentors always taught me this saying, “Treat your business seriously and it will fetch you a serious income. Treat it like a hobby and it will fetch you a hobby income.” How true is that!?

Check out various productivity tools in the market to help you stay on track. Develop a plan, time schedule, milestones and short-term goals for yourself. Cultivate the discipline to work on your business using the same amount of hours and same time every working day such that it becomes a habit to work on your business when the time of the day comes.

Learn to say no if your plate is full and learn to say no to social events that do not serve you, serve others or serve your business. Prioritize your time and prioritize which activities should matter first.


Here’s another advice from my mentors, “Work to cover your expenses from 9am – 5pm. Work from 5pm – 9pm to build your fortune.”

Nine to Five – J.O.B
Five to Nine – Fortune

The truth is, most jobs do very little to contribute to long term financial success, especially if one is seeking for financial freedom. So here is what is recommended:

While most employees party after work, lay down on a couch and take a chill pill, watch some TV – do the exact opposite.

Do what others won’t and you can have what others can’t.

Drive hard on your part-time business after work, with a full-time mentality, and full-time efforts. Success is doing little right things repeatedly. Hence, with the right platform, right attitude and working habits, you can achieve your financial goals in under 5 years, altogether with the mindset shift from an employee to a business owner.

The Big Question!

There are many school of thoughts out in the business world pertaining to when is the right time to quit your job, leave the workforce and work on your business full-time. Naturally speaking, each to his own preference. One man’s meat may be another’s poison.

According to some financial gurus in the world, wealth is measured as the number of days your money can sustain you for your desired lifestyle. Financial Freedom, according to Robert Kiyosaki, is achieved when your monthly passive income derived from assets surpasses your monthly expenses.

At Money and Travel, we advise people that they may leave their jobs under 2 circumstances:

  1. Their monthly passive income from part-time business surpasses their job income by 1.5 times.
  2. Their total savings, besides start-up capital and business costs, is able to fund for their current lifestyle for at least 24 – 36 months

As for start-up entrepreneurs, factor in business operation costs required for 5 years + both of the circumstances stated above.

Eg. Bob works in his company as an engineer, and has been working on a network marketing business on a part-time for 3 years. His engineering job pays him nett $4,000 per month after all deductions. If Bob wants to quit his full-time job to work on his network marketing business full-time, his PASSIVE income should be at least $6,000 per month.

Some people run into the common mistake that they make additional $500 / month from their part-time business and because of this increase, they think they can jump full-time into it.

Eg. Alex is smart and decides to work on his part-time business full-time. His previous job pays him $5,000 / month nett. His monthly expenses amount up to $2,500 / month and his part-time shared retail business costs him $1,000 / month. Alex should accumulate at least $2,500 x 36 months = $90,000 in total savings before he decides to work on his business full-time. Not forgetting to allocate $1,000 x 36 months = $36,000 for his business. In total, $90,000 + $36,000 = $126,000.

In Summary

Before anyone makes the decision, he/she should ask if they are ready to make the commitment to themselves. Additionally, how are they faring in the 3 grey areas as abovementioned: Mindset, Efforts, Time? Determine whether the jump is logical and if you are personally ready to take the risk.

There are risks no matter what – but take calculated risks.

Lastly, are the figures on your balance sheet indicating you are ready for the jump?

Wishing you the best in your journey!

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