🛳️🔥 Don't Burn The Boats

❌ Why You Shouldn’t Burn The Boats (yet)

It sounds amazing to quit your job and go all-in on building the company that gives you freedom. But you need to know what you’re getting yourself into.

Most of us will not get funded to start, and that’s okay.

Therefore you need to bootstrap your business. This means you’re starting & growing the company with only personal savings and income from its sales.

You’re self-funding the business, then making the business fund itself by reinvesting the profits for growth.

If you quit your job at the start, you’re killing the predictable income you need to self-fund the company while still paying your bills.

Quitting your job means risking EVERYTHING.

🛳️🔥 When To Burn The Boats

My advice is to burn the boats when it financially makes sense.

So you need to calculate your expenses beforehand.

Let’s say your fixed costs are $1,500/mo. You can burn the boats when you’ve crossed that threshold. If your business is generating more than your fixed expenses, it makes sense to quit your job.

Because from there, you can spend more time selling/servicing, resulting in you earning more.

Also, at this point, you’ve got proof of concept, your offer works & people want it.

You can either burn the boats now, or you can wait until you’re making an amount you’re more comfortable with.

Some people have made 10X their job’s income before quitting.

From here, it’s all about how you want it.

It is your decision.

🔑 Key Take Away

Don’t risk losing everything without proof of concept.

📖 Book Bit

Don’t burn the boats—build the bridge first. Use your spare time to turn your dream into reality. When it sustains you, that’s when you step away with confidence.

What’s Your Dream? - Simon Squibb

👞 Action Step

Calculate your fixed expenses and set a threshold for when to burn the boats.