DarkHorseEntrepreneur.com/s6e566—Before handing in a resignation letter, there are two critical calculations that every aspiring entrepreneur must master. The first is the replace number, representing the actual income currently provided by a standard 40-hour work week. The second is the often-overlooked survival number, which requires tallying every essential recurring expense and adding a 15% safety buffer. Understanding the gap between these figures is essential for transitioning from a salary to a sustainable side hustle with confidence instead of just hope.
Stop romanticizing your resignation and calculate these two numbers before you quit your job.
To transition from employee to owner, you must master your replacement salary and define your exact survival number. We break down the math to ensure your exit strategy is sustainable rather than a gamble.
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