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Trina is thinking of quitting her job as a software engineer (annual salary of $75,000 per year) and starting her own programming service business. Due to her vast social network, she knows 20 to 25 small business owners who have already expressed strong interest in obtaining custom-built software programs which would make their businesses much more efficient. Trina believes, she can earn average revenues of $2,000 per client in her first year.
Problem 1: Trina is excited to start her own business- she feels that her job doesn't really offer any upside in the future. However, she is does place some value in getting a steady paycheck. Please advise Trina on starting her new business versus continuing as an employee. Also, provide any business recommendations you can, with detailed analysis/rationale.
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