Being your own boss is the path to true freedom in my opinion. It is harder, less predictable, but you can create opportunities for yourself and others as a business owner.
My suggestions even if it doesn't mean much:
- Secure passive income streams for yourself so that there is a bit less uncertainty.
- If you go back to your old job, keep your business on the side.
Nothing is wrong with having a job. If you can find a way to build your passive income, your business will grow regardless, and the more aspects of your business you can automate the less time it costs, which can allow you to have a day job.
I saw one of your older blog posts where you mentioned passive income. I think it's one of the holy grails of being a business owner. Microsoft (Bill Gates) set up it's business around royalties, and these royalties allowed Microsoft to pay for software development.
What I do notice is when times are good in being self employed it's REALLY good, much better than it can ever be if you have a boss. But when times are tough, when the markets become less predictable or unsteady, it requires a lot of resilience to stay in operation. The key to it all (and I'm no expert but this is observation) are these two things:
- Relationships.
- Information.
If you've got relationships you can make deals, and if you have information you'll know where the money is.
I couldn't have said it better. For starters, like young entrepreneurs, quiting your job and going all out wouldn't be considered as wise. Like @dana-edwards rightly said, "keep your business on the side," while working your job. It should be a gradual transition.