If you talk to entrepreneurs, you may hear a common statement – their current company started as a side gig while working a full-time job. It’s common for people to develop their business while still maintaining a full-time position to pay their bills. Not everyone is in the position to dive headfirst with their business plan.

For those who are currently growing their side gig so that it can be their full-time career, you may be wondering when’s the right time to take the plunge. You don’t want to start too early and not be able to afford your mortgage. However, you also don’t want to miss out on an opportunity. Global Resources LLC reviews share five signs that are likely telling you that you’re ready to take your side gig to the next level.

You Have A Decent Nest Egg of Cash

Rarely does an entrepreneur start their business rolling in cash? Chances are, they didn’t take a paycheque for the first few months until the business had a decent revenue. That is why you must have enough money saved up that you can afford to pay your bills for a couple of months.

You Understand What It Means to Run a Business

Not everyone is meant to be a business owner, and that’s okay. It becomes problematic when you realize owning a business isn’t for you when you just opened up your company.

Spend some time learning the ins and outs of running a business. Once you have a good grasp and confidently say this is the path for you, you’re one step closer to taking your side gig full-time.

Your Online Presence is Growing

Take a look at the traffic to your website and how much interaction you get on social media. If you’re barely gaining any followers and no one comes to your website, that’s likely telling you that not many people know about your business.

On the other hand, if you’re gaining dozens of followers every day and can barely keep up with the traffic to your website, it’s likely a good sign that you’re getting close to taking your gig full-time.

You Barely Have Time for Anything Else

Now, this could be a sign that your business is ready for the next step, or it could mean that you need to work on your prioritization and productivity skills. If it’s the former and not the latter, then this could be a big sign that you’re ready.

Not having enough time after work to do what’s needed for your side gig, or you’re losing sleep because you’re working so much, you’re reaching a point when you must decide what’s your next step. At some point, you can no longer keep up with the demand of your full-time job and running your side business.

You Have to Say No to Opportunities

How often are you saying no to new opportunities with your side gig because of not having the time to do it? If these opportunities are losing you money and potential growth, then it could be a sign that you’re ready.

Again, it’s important to critically look at how you’re managing your time to ensure that it’s not because you’re wasting valuable hours in the day. Instead, it’s because after you come home from your day job, there are not enough hours for you to get everything done.