I am going to have to say, go with Option 1. You could take the plunge today, but personally I'd rather be safe than sorry. Another option would be to slowly p

I am going to have to say, go with Option 1. You could take the plunge today, but personally I'd rather be safe than sorry. Another option would be to slowly phase out your old job, cut from 40 hours a week to 35 and spend that extra time working on your new business. I'm not sure if this is possible in your current situation but if it is it may be an option worth exploring. My 2 cents.