Bain & Company To MBB and T2 people: how much income would you need to quit your jobs and run your own business?

For instance, if you see that you can generate $120K a year in a consistent way, would that be sufficient? Do you need more or less?

McKinsey & Company Boston Consulting Group Bain & Company L.E.K. Consulting Kearney Strategy& Oliver Wyman

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120k is 🥜🥜

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Own business would have high variation, plus initial investment. I would say that $200K a year average, after paying for the cost of capital from my initial investment would be enough. This is because I would also be growing my business, which I could sell for some millions later on the road and retire

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Think people are missing the point. $120K wouldn’t be the ceiling, it would just be the activation energy you need to make the hop and grow the business full time

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$40k

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I recently read a report and it says half the work force want to be their own boss. If I know that I can grow my income, I am okay with anything above $70K as my wife is also working. That covers us comfortably in terms of basic like mortgage etc.

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McKinsey & Company Boston Consulting Group Bain & Company Oliver Wyman EY-Parthenon Accenture Deloitte EY

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