I think you should find a balance between waiting until you are emotionally ready to take a risk and financially ready to support yourself for a year while you get the business started.

I am currently in the same situation where I hate my 9-5 job and would like to start my own business, but I am buried with student loans, still paying off some credit card debt, and haven’t been able to save any money. I can’t even say I have a realiable savings account because I’ve really focused on paying my student loans. My short term goal will be to pay off debt, save money and then put my attention towards quitting my job and starting my business…and I have to accept that I have to sacrifice staying at my job for a bit longer so that the long term goals of being independent are met.

After all go that being said, I think you are on the right path, just continues to check in with yourself and set up some realistic goals. It makes a huge difference.

I hope that helps.

-S