Core Insights - The article discusses the increasing trend of individuals transitioning from full-time employment to independent work, highlighting the growth of full-time independent workers in the U.S. from 13.6 million in 2020 to 27.7 million by 2024 [3] - It emphasizes the importance of assessing readiness for such a transition through five key questions, based on experiences with successful executives and leaders [5][6] Group 1: Growth of Independent Work - The number of full-time independent workers in the U.S. is projected to grow significantly, indicating a shift in career preferences [3] - 84% of independent workers report increased happiness, better health, and greater security compared to traditional employment [3] Group 2: Factors Influencing Transition - Individuals often struggle with timing their transition from full-time jobs to independent work, with personal stories illustrating varied experiences and outcomes [4][5] - The article outlines five critical questions to evaluate readiness for leaving a full-time job, focusing on sustainable cash flow from side businesses, unique skills, and emotional stability [6][10][13] Group 3: Financial and Emotional Considerations - The average startup cost for a new business ranges from $10,000 to $40,000, emphasizing the need for adequate financial planning [10] - Emotional regulation is crucial for making sound financial decisions, as self-doubt and isolation can impact pricing and business success [13] Group 4: Passion and Mission - A strong commitment to one's craft and mission is essential for long-term success, often leading to greater financial rewards [14] - The desire for creative expression is driving many individuals to seek independent work, with 77% of U.S. employees wanting to be compensated for their creativity [15]