What you need to do before quit your full-time

Save more than enough money.

We have all heard that everyone should have at least three to six months' worth of expenses saved. If you are starting a business, you will need more than that. It's relatively inexpensive to start a business these days, but there are standard start-up costs. You will first need to take care of administrative tasks, such as registering your business (cost and process varies by state). You will also really want to invest in marketing.

Secure as many clients as possible.

Before you officially walk out of your employer's door for the last time, make sure that you have some work waiting for you. This will make the transition into entrepreneurship much easier than it would be if you started out with no clients. Not only will you have work, but it can be used to show potential clients what you have done and what you are currently working on. Both add credibility to your brand and your business.

Network and build relationships before you quit.

Finding clients is tough and it takes time. I thought that once my website was up and I posted on Facebook that I was open for business, clients would just come running. Not so much. It took me almost three months before I got my first "real" client. Before you take the plunge, start networking with people within your industry. In the entrepreneur world, people are surprisingly collaborative and open to idea sharing and partnerships. These relationships also create a great referral system for help on projects.

Get rid of any unnecessary debt.

If you have debt, get rid of it before you start working for yourself. It makes your business and personal life much easier. Depending on your business, you may need to take out a small business loan, and to do so you will need to show that you have a good debt-to-credit ratio. It will probably be a while before you start booking clients, and even then it will take time to collect payment from them.