Part-Time Job At Home ==> Home Based Employment

Pitfalls to Avoid Before Leaving Your Job

Now that you have developed a home based internet business with some success in financial stability, you may be ready to make that giant leap into the unknown and rely solely on you home based business as your only source of income. There are several items that you should consider before you sever your ties with your nine to five job. Before you send in your resignation, carefully consider some of the benefits that you will leave behind.

If you have a 401[k] or other retirement plan with your employer, it may not be available to you until you have been with your employer for several years. The purpose of this restriction is an incentive for you to stay with the company for a designated length of time. Knowledge of this information will help you to determine the right time for you to resign.

You may be due for a bonus. You need to find out the timing of that bonus so that you won't resign before that bonus comes due to you.

Improve your credit rating before you resign. Pay down your credit cards so that you will have a financial source for needs that your new home based business might require.If you feel that you might need another financial source of income for your new business, take out a home equity line of credit before you resign as your approval rating will be better while you are still employed.

Be current with your family's and your health exams while you are still covered by your employer's health plan. Fill any prescriptions while you are still covered. Check to see if your group coverage can be converted to an individual policy, but scrutinize whether co pays and deductibles will stay the same. If you live in the United States, you will be covered by Cobra for 18 months after you leave your place of employment.

Don't make your announcement to resign until you are ready to make the move so that your company won't accuse you of stealing ideas or data. Most of all don't quit and then have to come back as you won't be taken seriously in your future working relationships.

May these few steps make you transition from a nine to five job to your new adventure be helpful.

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