Recently my product development business started earning enough money for me to be able to devote my full attention to it. I've been working towards this for a while now, but here's how I got to this point, how I eliminated the fear and how you can too.

1. Low expense lifestyle. My family has moved and managed to reduce our expenses and rent to zero. Insurance, groceries and petrol are now our biggest expenses. Try to tackle the expenses with a once off downside in exchange for an ongoing upside. Avoid cutting expense where they require the opposite.

2. Give yourself time. I've had to spend a few hours each day working on the business in order to get to this point. This meant I had to reprioritize a few things. Easy to eliminate things like TV and sleeping in were out. Just those 2 things enabled me to gain the skills I needed to start earning a basic level of income before ever taking the risk of going out on my own.

3. Have a backup. I put in a simple backup plan in place in case everything goes horribly wrong. I plan to go back to my former employers and ask to sign onto a contract for 3-6 months. I am able to earn enough to cover my yearly expenses in that short period and then I would go back out on my own. I made sure I didn't burn any bridges and I did quality work until the very end, just to make sure I'm welcome back. The backup plan gave me the confidence to strike out on my own knowing I could always take care of my family.

Those are the 3 things I did in order to build my skills and reduce my fears to the point where I confidently struck out on my own. They are really easy to do but they may be emotionally difficult, especially if you are addicted to TV or really tied to a certain area. If striking out on your own is your number 1 priority, doing the 3 things above will speed you on your way.