First of all, DO NOT quit your job unless your new business is making money. You know what's worse than working a job you hate? Not having any money at all.
Secondly, stop trying to start the process with an idea. The best way to come up with a solid business idea is to pick a market (preferably one you know something about) and learn as much as you can about it. Observe what people are saying. Write down what people are complaining about. Get to know them inside and out. Once you've done the market research, THEN brainstorm ideas based on that research. Start small. Build a landing page with an email submit and shop the link around to your market. If they bite (which they should if you did your research properly), then work on building out the product.
All that work should cost you nothing more than time and hosting/design. Save that $5000 for when you'll really need it—after your product has been validated and you have interest/pre-orders.
First of all, DO NOT quit your job unless your new business is making money. You know what's worse than working a job you hate? Not having any money at all.
Secondly, stop trying to start the process with an idea. The best way to come up with a solid business idea is to pick a market (preferably one you know something about) and learn as much as you can about it. Observe what people are saying. Write down what people are complaining about. Get to know them inside and out. Once you've done the market research, THEN brainstorm ideas based on that research. Start small. Build a landing page with an email submit and shop the link around to your market. If they bite (which they should if you did your research properly), then work on building out the product.
All that work should cost you nothing more than time and hosting/design. Save that $5000 for when you'll really need it—after your product has been validated and you have interest/pre-orders.
Good luck!!