It’s Better to Start a Business While You’re Employed Elsewhere: Study

Professors Joseph Raffiee and Jie Feng at the University of Wisconsin-Madison found that “hybrid” entrepreneurs – people who maintain their regular gig and while launching their new ventures in stages – are a third less likely to fail than those who jump in sans safety net.

Additionally, they maintain that hybrid business owners who transition to full-time self-employment “have much higher rates of survival relative” to those who quit their job and then directly start a new company. There is always a factor of risk when launching a new venture, but the study purports that you don’t need to thrive on risk in order to be effective.

Source: www.theglobeandmail.com

Hybrid business owners who transition to full-time self-employment “have much higher rates of survival relative” to those who quit their job and then directly start a new company.

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