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Should I Quit My Job and Start a Business?

Rajesh

Rajesh Nair  | Answer  |Ask -

Hiring, Leadership Expert - Answered on Jun 15, 2024

Rajesh Nair is the CEO of TopGear Consultants, an executive search and recruitment company.
He has over 20 years of experience in executive recruitment and headhunting across industries both in India and abroad.
He specialises in the senior executive, board and C-level hiring, as well as niche roles in the middle to senior management space.
He has built high-performing teams from scratch by mentoring the them.
Rajesh holds a master's degree in marketing from the university of Mumbai.
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Asked by Anonymous - Jun 04, 2024Hindi
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Career

Hi gurus, I'm 26 as of now and working in corporate with 30K in-hand salary..But, I don't have any investments of any kind. Most of times my guts tells me to that I'm not made for job but for some kind of sole proprietorship business. Also, I'm not able to think other side income income source as m doing night shift. What should I do??

Ans: Hi,
You need to get some good real experience working before you start something on your own. Starting a business and running the same requires a lot of determination and patience . Would recommend figuring out what type of work gives you maximum satisfaction and stick to the same for a few years.You can start by shifting your job and getting a day job , then you can start exploring other income sources.
Asked on - Jun 17, 2024 | Not Answered yet
Thanks @ Rajesh nair for your reply!

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Ramalingam

Ramalingam Kalirajan  |11136 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 09, 2024

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My monthly salary is 8 lakhs, but my work time in a year is not fixed. Sometimes i work 8 months a year sometimes 6 months. I have NRE account. Due to uncertain work nature. I always had doubt to keep some funds standy in account. Due to this fear i never invested . Recently started SIP of about 50k. Please advise what to do. Or what more options i have. I was also thinking to buy a flat to later rent out. Or buy a land for future sale out.. i am confused for my life.
Ans: I understand your concerns about the uncertain nature of your work and the impact it may have on your financial stability. It's commendable that you've taken the step to start SIPs despite these challenges.
It's natural to feel overwhelmed when faced with decisions about investments, especially when considering factors like fluctuating income and future financial security. As a Certified Financial Planner, I'm here to offer guidance and support as you navigate through these choices.
Instead of letting fear hold you back, consider taking a balanced approach to investing:
• Emergency Fund: Given the irregularity of your income, it's essential to maintain a sufficient emergency fund in your NRE account to cover living expenses during lean months. This provides a safety net and peace of mind.
• Diversified Investments: Explore investment options beyond traditional avenues like real estate. Consider a diversified portfolio of mutual funds or other investment vehicles that offer liquidity and flexibility to accommodate your variable income.
• Professional Advice: Consult with a Certified Financial Planner to develop a personalized financial plan tailored to your unique situation. They can help you assess your risk tolerance, set realistic goals, and create a roadmap for achieving financial stability and growth.
• Avoid Hasty Decisions: While buying property may seem appealing, it's crucial to weigh the pros and cons carefully. Real estate investments come with their own set of challenges and may not always align with your financial goals or risk profile.
Remember, uncertainty is a part of life, but with careful planning and informed decision-making, you can navigate through it successfully. Don't hesitate to seek support from professionals who can provide guidance and clarity along the way.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

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Adarsh

Adarsh Rai  | Answer  |Ask -

HR, Leadership coach - Answered on Jul 03, 2025

Asked by Anonymous - Jun 11, 2025Hindi
Career
Hi. I am currently 29. Married with no kids. Wife not earning. Planning for a kid this year. Monthly earning 60k post tax. Have savings of 2 lakhs. Have personal loan of 9 lakhs. Monthly expenses 40k including emi's. I have lost interest in job and I don't want to work anymore. I want to do business which can give monthly 50 to 60k income. Max I can invest 2lakhs. Is there any business which I can start with 2 lakhs and generate monthly income of 60k ? I am frustrated with working under an employer. I want to start my own venture. Please suggest.
Ans: Spandan, pause before you mail the resignation.

Your maths
60 k take-home
40 k spends (15 k of that is EMI on a 9 L loan)
→ 20 k buffer

A newborn will nudge monthly costs up by 8-10 k. Cash cushion shrinks fast.

So the plan must earn while you learn, not leap blind.

Keep the paycheck six more months.
Use evenings to test micro-ideas. Risk stays capped at ?0 for now.

Choose a “cash-this-month” niche, not a moon-shot.
Pick work that turns inventory ≤ ?50 k into sales inside 30 days.

Tiffin + office snacks (two dishes, 40 boxes) - ?25 k utensils, ?10 k FSSAI, ?5 k flyers - ?120 per box × 40 = ?4.8 k /day

Amazon / Flipkart reselling (phone cases, cables) ?40 k stock, ?15 k ads 25 % net margin on ?2 L monthly sales = ?50 k

Weekend print-on-demand & personalised gifting kiosk ?45 k heat-press kit (other options are there too) ?300 profit per mug × 200 pcs → ?60 k Bring Your Mug - Take Away Memories.

Local social-media management for clinics & salons ?0 gear, ?3 k Canva Pro ?8 k-?12 k per client; 6 clients hit target

None need heavy staff or rent. All can run beside your day job.

Set one simple goal: ?15 k profit by Day-30.
Hit it twice, raise target to ?35 k. Only when side income beats salary three months straight do you quit.

This is critical - Plug leaks early. Refinance personal loan to longer tenor; shave EMI to ~?10 k.

Park 1 L of savings in an emergency account—no touch.Skill up tiny, daily.
Watch a YouTube on ad copy, take a WhatsApp course on GST filings. Low cost, immediate payback.

Start small, sell fast, reinvest every rupee. Freedom comes, but by steps, not by one loud jump.

..Read more

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Nayagam P

Nayagam P P  |11009 Answers  |Ask -

Career Counsellor - Answered on Apr 18, 2026

Career
Sir, My son has appeared in Class X ICSE Exam and results are awaited. So far , he has been an average performer academically. I believe he is capable and he can do great if he puts in the hard work. His performance in subjects like History/Geography etc has always been better than in Maths/science. I personally never wanted to force him to choose any stream for higher studies. He also is not sure about it. While discussing I suggested him to go for Commerce or humanities stream and then for MBA from a reputed institution. However, he is more concerned about job opportunities and wanted to go for science. Hence, after a lot of discussion, we have got him admitted in Science stream in Delhi and also got him enrolled in Allen for JEE Coaching. We thought if he adapts well and gets going, then may be he can achieve good result. Otherwise, we may decide to change stream after Class XII. What is your opinion? Request for your suggestion please
Ans: Shyam Sir, I have thoroughly reviewed your son’s background. You haven’t mentioned whether he is continuing with the ISC board or has enrolled in the CBSE board with Allen-JEE coaching for this 11th/12th Grade. Firstly, I recommend a psychometric test for your son to gain a rough idea of the most suitable career options for him.

Secondly, job opportunities exist across domains, but to be competitive, your son must have passion and interest in his chosen field and continuously upgrade both technical and soft skills relevant to that domain.

Thirdly, besides understanding suitable career options through the psychometric test, ask him what types of problems he is interested in solving in the future.

Fourthly, since you mentioned his performance is better in History and Geography than in Science and Maths, Allen-JEE coaching would be suitable only if he is truly interested in Maths and Science. If not, his performance may fall short of expectations, leading to demotivation.

My suggestion is to consider enrolling him in the Arts/Humanities stream with a focus on Geography-centric subjects. Later, he can pursue civil services, media, law, or management studies. Reassess his progress after about a year (by December 2026), focusing on his interest, mental health, and realistic performance rather than perceived job security alone.

Before he completes 11th grade (by February 2026), you both can collectively decide and start preparing for entrance exams in law, media, or management (CUET, CLAT, IPMAT, NPAT, SET etc.) based on his interests and future plans. ALL the BEST for Your Son's Prosperous Future!

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Nayagam P

Nayagam P P  |11009 Answers  |Ask -

Career Counsellor - Answered on Apr 18, 2026

Career
Sir my son is expected to score 90+% in 12th boards typically between 93-95% of board marks .. and 90% and above pcm cutoff .. is he now eligible with this met score of 125 marks and 12th score for admission in mit manipal mechanical? . . Also i need a guidance about aeee also . Since my son scored 90.3 percentile in aeee entrance phase . Is he eligible for slab 1 mechanical engineering in aeee ? Kindly support pl
Ans: Bala Sir, I have already addressed the first part of your question, confirming that the chances of him getting admission into the Mechanical branch at Manipal are higher. The official handbook of AMRITA states that seat allotment and scholarship consideration are done through CSAP allotment. Your son may secure a Mechanical seat, but Slab 1 cannot be guaranteed unless his final AEEE rank or JEE percentile is strong enough at the time of CSAP choice allotment. Slab 1 is based on merit ranking, not raw marks. His 125 AEEE marks will be converted into a rank relative to all candidates; if many score higher, the Slab 1 cutoff will rise. Therefore, raw marks alone do not guarantee Slab 1.

The chance of getting a Mechanical seat from Slab 2 is moderate at Amrita Coimbatore and highly probable at the Bengaluru campus. It’s advisable to have 2-3 backup options besides Manipal and Amrita. Mechanical Engineering is generally less competitive than CSE or ECE, but having backups is still wise. ALL the BEST for Your Son's Prosperous Future!

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