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Corporate America vs. Home Based Business
This is a question for those who have worked in both!
anthonyon

10+ Year Member



 
Msg#: 7490 posted 4:42 pm on Jan 7, 2005 (gmt 0)

My questions pertains to those people who have worked in Corporate America and now have successfully transitioned to working from Home, running their own online business, or vice versa. Short answers is fine.

1. Would you ever work in Corporate America again? If no, why not?

2. Do you feel like you have lost a step or gained a step? Meaning does working from Home feel non-realistic as well as making you more lazy and unaware of new technology or do you feel working with a company keeps you on your toes as well as up to date with the latest and greatest.

3. Do you make more money working for yourself or working with a company?

4. Which of the following has been the best asset from working from Home? (multiple selections is fine)
A. Making more money
B. Setting own hours / Working less hours
C. Laziness, roll over out of bed and your office is a few steps away
D. More time with family
E. Having total control over your vision and enterprise
F. Other
G. All the Above

5. What advice do you have for someone like myself, that have the advance knowledge to create a online business and all the tools needed, but just do not have enough money saved to get me over the hump if all fails and the only thing stopping me is fear?

I've been working in the IT field for over 5 years and been at this particular company for 2 years. Recently, (about 4 months) I've decided that I wanted to work from home, and cash in on all the perks that I keep hearing about. So, I created a website which was the easy part, but getting traffic to the site was the most challenging. I still have some ways to go before my site is classified among the top of all the billion sites out here, but it is slowly gaining momentum. Out of the 4 months my site has been online I just seen my first piece of money earlier this week. It was not much at all, a few dollars. But, it gave me a burst of energy to put more effort into my web business. For the past few weeks I've already been contemplating quitting my job so that I can devote full-time energy into my web business, but haven't took that step as of yet because of fear. Now that I've seen the littlest transaction, it has me wanting to quit even more. I feel in my heart that quitting my job is not at all a wise choice, but I also feel that procrastination is the #1 killer for success. If I wait until the time is right, then it's likely the time will never be right and I will never let go. I would like to hear from people that have been in my predictment and have took a leap out on faith or those that are contemplating the same. I would like to hear all your thoughts! Please share. In advance thanks for your replies!

 

txbakers

WebmasterWorld Senior Member txbakers us a WebmasterWorld Top Contributor of All Time 10+ Year Member



 
Msg#: 7490 posted 10:14 am on Jan 10, 2005 (gmt 0)

"Until one is committed, there is hesitancy, the chance to draw back, always ineffectivness. Concerning all acts of initiative (and creation), there is one elementary truth, the ignorance of which kills countless ideas and splendid plans: that the moment one definitely commits oneself, then Providence moves, too. All sorts of things occur to help one that would never otherwise have occurred. The whole stream of events issues from the decision, raising in one's favor all manner of unforeseen incidents and meetings and material his way. I have learned a deep respect for one of Goethe's couplets: 'Whatever you can do or dream you can, begin it. Boldness has genius, power and magic in it.'"

(from W.H. Murray, "The Scottish Himalayan Expedition")

showyourpic

10+ Year Member



 
Msg#: 7490 posted 11:33 pm on Jan 11, 2005 (gmt 0)

1. Would you ever work in Corporate America again? If no, why not?

Yes if I need the money to start my own business.

2. Do you feel like you have lost a step or gained a step? Meaning does working from Home feel non-realistic as well as making you more lazy and unaware of new technology or do you feel working with a company keeps you on your toes as well as up to date with the latest and greatest.

Working with a company keeps the money coming in. When I'm doing on my own thing on the side and getting paid for my 8-6 as well keeps me staying happy all around.

3. Do you make more money working for yourself or working with a company?

Twice as much working for myself and I only spend half of the time I do at work doing my own thing.

4. Which of the following has been the best asset from working from Home?

Making more money, working less, having total control, and making more money (did I already say that?).

5. What advice do you have for someone like myself, that have the advance knowledge to create a online business and all the tools needed, but just do not have enough money saved to get me over the hump if all fails
and the only thing stopping me is fear?

Do both at the same time if possible. After you start making money doing your own thing and it's enough to pay the bills go exclusive with it. Don't forget that working in corporate america is a steady check that comes in every two weeks while doing your own thing will vary and you don't know how much you can/will make.

I have been doing IT support / Web Admin stuff for the past year and half and I知 only 19. I have been doing search engine advertising for the last six months and been doing very good at it. I am quitting my job next month to focus more on what I知 doing (and to get more free time since it only takes a few hours a day). Home based businesses are good but corporate america is a good source of guaranteed income.

chicagohh

10+ Year Member



 
Msg#: 7490 posted 12:20 am on Jan 12, 2005 (gmt 0)

1. Would you ever work in Corporate America again?

Two things -
1. No. Well, that should be a qualified 'No'. If things got desperate, I would dig ditches to provide for my family, but that would be the only reason.

2. As it has been said before on WW, those of us who can make our own living are often the worse employees - even though we may look like the best choice on paper. I took a full time job when my wife was pregnant with our 3rd child due to her wildly changing emotions (she felt safer with an employer). Within a day of working (lead ecommerce developer) all I could think of was how to compete with these guys. In a few more days I was convinced I was working with fools and unfortunately had that proved to myself many times. Five weeks after my wife gave birth, I quit.
Moral of my story - You are only as good as your spouse. If he/she supports and believe in you - you can do anything.
2. Do you feel like you have lost a step or gained a step? Meaning does working from Home feel non-realistic as well as making you more lazy and unaware of new technology or do you feel working with a company keeps you on your toes as well as up to date with the latest and greatest.

I am *much* more up to date with technology and issues that impact my business that I ever would be working for someone. I spend a couple hours per day just reading and learning - something that just couldn't be done if I were an employee.

3. Do you make more money working for yourself or working with a company?

Earn more, work less. Even when I earn less I work less. I have not missed a single event in my young familys life.

4. Which of the following has been the best asset from working from Home?

B. Setting own hours / Working less hours
D. More time with family
E. Having total control over your vision and enterprise

5. What advice do you have for someone like myself, that have the advance knowledge to create a online business and all the tools needed, but just do not have enough money saved to get me over the hump if all fails and the only thing stopping me is fear?

Risk Tolerance - If you can't do it now, you will likely find it difficult to do later.
Marry well.
Make sure you have a business that can earn enough money and simply pull the trigger as soon as you can meet your minimum expenses.

Clark

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 7490 posted 12:29 am on Jan 12, 2005 (gmt 0)

From the sound of things, you need to do both for awhile. You need to bring in a lot more money than you've seen before you can depend on the money. Trust me. It's a lot harder to see that little money you saw on a regular basis. Build a solid foundation on a solid paycheck working on the side. After you've seen a nice paycheck on the side for a long time, then make the jump.

hannamyluv

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 7490 posted 12:35 am on Jan 12, 2005 (gmt 0)

As I am newly out of the work force...

1. Would you ever work in Corporate America again? If no, why not?

Yes, While things are going great now, I have no idea what two or three years will bring.

2. Do you feel like you have lost a step or gained a step? Meaning does working from Home feel non-realistic as well as making you more lazy and unaware of new technology or do you feel working with a company keeps you on your toes as well as up to date with the latest and greatest.

Gained, certainly! I can work on whatever I want and I can spend as much time as I feel the issue/question/problem warrents.

3. Do you make more money working for yourself or working with a company?

Right now, myself. So much so that my inlaws are begining to wonder if what I am doing is legal.

4. Which of the following has been the best asset from working from Home?

G. All the Above

5. What advice do you have for someone like myself, that have the advance knowledge to create a online business and all the tools needed, but just do not have enough money saved to get me over the hump if all fails and the only thing stopping me is fear?

The same advice I give my friend when they say they aren't ready for kids. If you wait until you are "ready", you will never be ready. Be prepared but in the end, you just have to go for it... as scary as it seems.

woop01

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 7490 posted 12:47 am on Jan 12, 2005 (gmt 0)

1. Would you ever work in Corporate America again? If no, why not?

If I go broke and need a job or my business becomes a Corporate America type company itself.
2. Do you feel like you have lost a step or gained a step? Meaning does working from Home feel non-realistic as well as making you more lazy and unaware of new technology or do you feel working with a company keeps you on your toes as well as up to date with the latest and greatest.

I知 certainly lazier than I was working for somebody else if you consider my time before 11 AM. However, my time spent working between 11 PM and 2 AM is a bit more than your standard employee. That doesn稚 stop people from thinking I知 lazy because I知 still asleep at 9:30 in the morning.
WebmasterWorld is absolutely VITAL for keeping up to date on the technology and business trends that impact my life.
3. Do you make more money working for yourself or working with a company?

Yes.
4. Which of the following has been the best asset from working from Home? (multiple selections is fine)


G. All the Above
5. What advice do you have for someone like myself, that have the advance knowledge to create a online business and all the tools needed, but just do not have enough money saved to get me over the hump if all fails and the only thing stopping me is fear?
You値l never do it if you池e waiting for a guarantee it will succeed. When you finally get over that fear and do it, it changes the way you view the entire world. The ability to get back up after you got knocked on your ass only gets smaller and smaller as you age.
anthonyon

10+ Year Member



 
Msg#: 7490 posted 12:57 am on Jan 12, 2005 (gmt 0)

All the advice is very welcoming!

I got a lot of good tips from this post.

Thank you all and please continue to share!

AZEvil

10+ Year Member



 
Msg#: 7490 posted 1:29 am on Jan 12, 2005 (gmt 0)

1. Would you ever work in Corporate America again? If no, why not?

Only if the money was more than I expect to make for myself and I had time to work on my own sites.

2. Do you feel like you have lost a step or gained a step? Meaning does working from Home feel non-realistic as well as making you more lazy and unaware of new technology or do you feel working with a company keeps you on your toes as well as up to date with the latest and greatest.

Definately gained. When I was working as a full-time programmer, all I could do or think about was programming while at work. Now I can think about and learn anything I want.

3. Do you make more money working for yourself or working with a company?

At least twice as much working for myself.

4. Which of the following has been the best asset from working from Home?

A. Making more money
B. Setting own hours / Working less hours
D. More time with family
F. Other: More time with friends and more time to volunteer for other things...and more time to golf :)

5. What advice do you have for someone like myself, that have the advance knowledge to create a online business and all the tools needed, but just do not have enough money saved to get me over the hump if all fails and the only thing stopping me is fear?

Work a normal job until you have enough income from your own stuff to pay your bills and have enough saved to pay them for a couple of months. When I started out on my own in July 2004, I had enough money to get by for 4 months if needed...and it ended up being needed, but now all is good. It was scary watching money go out the door without an immediate return, but the investments in advertising, etc. that I've made were well worth it.

communitynews

10+ Year Member



 
Msg#: 7490 posted 1:32 am on Jan 12, 2005 (gmt 0)

I think the first question should be "do you want to run your own business". Working from home is just a way to save on the cost of real estate.

I also think what your responsibilities and resources are should be of prime consideration if the answer to the first question is yes. If you're young and only responsibile for yourself then living on the street if it doesn't work out is an option :). If you have kids starting college in a few years then you better have the resouces to be able to handle your responsibilities when things don't work out 100% as you'd like.

When I first stated my backup plan was my savings and then my retirement account (which at the time wasn't that big). I never needed to touch my retirement but I got close a couple of times.

The biggest thing I learned was that things always take longer then you think (especially with product development and I think a website falls into that category). It's the marketing that required the time for me.

My initial project when I went independent was contracting for about twice what I was making working for corporate. Over time, I saved the majority of the difference in pay rates by not letting the higher $ go to my head (and spending it on things I could really live without) and I was able to take more and larger risks (with bigger rewards when they worked). Finally I dumped the contacting and took the leap and developed my own product which is essentially my website.

I do like working at home but I like doing what is right for the customer and not what the boss thinks or what won't step on others in the company's toes better.

europeforvisitors



 
Msg#: 7490 posted 2:41 am on Jan 12, 2005 (gmt 0)

1. Would you ever work in Corporate America again?

No.

If no, why not?

I'm spoiled. No commute, no meetings, no long days away from my wife, kids, and dog(s) since 1986.

2. Do you feel like you have lost a step or gained a step?

Gained. I'm making a good living by fulfilling my own vision, not laboring for less money to support someone else's.

3. Do you make more money working for yourself or working with a company?

For myself.

4. Which of the following has been the best asset from working from Home? (multiple selections is fine)

G (All of the above.)

5. What advice do you have for someone like myself, that have the advance knowledge to create a online business and all the tools needed, but just do not have enough money saved to get me over the hump if all fails and the only thing stopping me is fear?

In a pinch, you can always try to freelance or get another job.

DISCLAIMER: I'm a homebody: a family farmer without the farm. For people who like going to an office and working with other people all day, a job can be very fulfilling--and a lot less lonely than working at home.

eWhisper

WebmasterWorld Administrator ewhisper us a WebmasterWorld Top Contributor of All Time 10+ Year Member



 
Msg#: 7490 posted 4:12 am on Jan 12, 2005 (gmt 0)

There was a very good thread last year about working from home:
[webmasterworld.com...]

I quite corporate American in 98 after 5 years. Didn't have a marketing plan, didn't have any strategy at all, just knew I needed a break from the corporate world.

At that point in time of the above post(a year ago, so 6 years total), I'd worked from home for 5 years. 5 very good, fulfilling years - but also 5 years of quite a bit of isolation (lived in a small town where the words seo, ppc, and serp meant I didn't understand English).

5 years ago, couldn't believe that I could have a website, promote other sites products, and pay my bills.

4 years ago, couldn't believe that I could have a unique perspective on internet advertising, and people would pay me to sit at home and work.

3 years ago, I was traveling quite a bit to meet with the higher end clients, and still couldn't believe that I was essentially working full time from home and people were meeting me on my schedule.

2 years ago, I was wondering how to hire people as I couldn't handle all the business coming my way, and was turning away a lot more clients than I could accept because of lack of corporate infrastructure.

Last year, I was wondering how integrating my online knowledge with people who understood the 'corporate' part of America (VC, investing, system building, project management, etc) would benefit us both for building truly unique solutions to online marketing strategies.

Six months ago, I willingly rejoined corporate America.

Today, I made my first post looking to hire someone and train them in my way of advertising.

Been quite a ride, but there are definitely good aspects to working from home and working for corporate America.

Depends on your goals, what makes you happy as to what is best for you.

The ride isn't necessarily one way, but the journey is a whole lot of fun when you get to drive.

paybacksa

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 7490 posted 4:56 am on Jan 12, 2005 (gmt 0)

There is little doubt that corporate world does not train its employees to be more marketable workers. So sometimes you have to leave to make yourself better.

Then you can go back at a new level - one you chose for yourself, instead of the next rung of the ladder they had placed you on.

I did that many years ago. Started the post-degree traditonal route, taking baby steps up what was a very limited corporate ladder, and then quit after a few years. After a few months I had learned what was really important inmy field (not really what they had me doing on the job), and started consulting in that area. I grew my business until I needed to hire full time staff, and then re-evaluated where I wanted to go.

I found myself eligible for a high-level corporate job, with all the perks. So I left my small business behind for a high paying corporate job.

After 4 or 5 years of success I found myself once again at the top rung of a very limited ladder. So I quit, and started a new business for myself. This time I will never go back, unless of course I find myself eligible for a CEO job at 7 figures plus perks. For that, I would sell out again (for the thrill of the experience, mostly).

Some people job hop. Some people start their own businesses. But everybody seems to have to move around to move up.

grelmar

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 7490 posted 9:25 am on Jan 12, 2005 (gmt 0)

I left corporate america in '94, because if I had to spend one more day in a cubicle, I was going to start shopping for assault weapons.

Basic story: '89, graduated HS, went to work in a cube to put myself through college. Made a disasterously wrong choice of companies to work for, and after juggling a full load University schedule and full time hours for 4 years, had a year of "downtime" just in the cubicle, before I came to realise something very important:

I despised my company. I had zero respect for my coworkers. I had zero respect for myself, for the same reason I didn't respect my coworkers. (We'd all mortgaged away half our waking hours to a decidedly evil company for the slim return of steady money).

When I realised this, I didn't even hesitate. I sat at my desk, typed out a nice, non-descript resignation letter, printed it, handed it in. All within about 10 minutes of my "epiphany".

I had nothing lined up, and no idea what to do.

But I have never returned to corporate America, and don't regret the decision for a second.

BUT:
I had a fallback. A toolbelt and the skill to use it (both given to me by my father in my adolescence). When finances got thin, I could always find a construction site that needed a non-idiot type.

ALSO:
When I left, I didn't have a family to support.

AND NOW:
I work exclusively from home, doing work I really enjoy. My wife is the "professional" of the family with a steady job. Over the course of the year, I make a lot more money, but it comes in big lumps, and irregularly. As a team, we have an excelent life. Individually, neither of us would be anywhere close to this secure. (Remember: Marry Well.)

ADVICE:
Not gonna give any. Some people are just better off with a steady job. My wife is a good example. She has a wonderful job, for a good (non-evil-empire-ish) company, and she enjoys the daily social interaction.

Me, I'm a miserable curmudgeon, who tends to dislike anyone I have to spend more than a few days interacting with. Working from home relieves me of this burden. I only have to deal with 1 person on a regular basis, and for some reason I have yet to figure out, she puts up with me.

It all comes down to where you think you're going to be happiest. If the thought of being "out on your own" stresses you out, it might not be a good idea. If the thought of being chained to a desk for extended periods of time has you browsing through Guns 'n Ammo on a regular basis, then it's time to start remodeling the den into your permanent workspace.

fathom

WebmasterWorld Senior Member fathom us a WebmasterWorld Top Contributor of All Time 10+ Year Member



 
Msg#: 7490 posted 9:30 am on Jan 12, 2005 (gmt 0)

1. Would you ever work in Corporate America again? If no, why not?

No - working for 'the man' was never a goal. I run 2 businesses and a partnership, and working on a 3rd business venture. You can't get that flexibility working for someone else.

2. Do you feel like you have lost a step or gained a step? Meaning does working from Home feel non-realistic as well as making you more lazy and unaware of new technology or do you feel working with a company keeps you on your toes as well as up to date with the latest and greatest.

On my 40th birthday my goal was to retire at 45... 'I will'.

I guess that's gaining a step! ;)

Amagingly enough - prior to being self-employed 'I firmly hated writing'... after -- "love it"... it makes you "step up and challenge your limitations".

3. Do you make more money working for yourself or working with a company?

hmmm... ;)

4. Which of the following has been the best asset from working from Home? (multiple selections is fine)
A. Making more money
B. Setting own hours / Working less hours
C. Laziness, roll over out of bed and your office is a few steps away
D. More time with family
E. Having total control over your vision and enterprise
F. Other
G. All the Above

F. e. was a bit off... envision and innovation. Spent a large part of my adult life in an organization which allowed you to discuss both but couldn't act.

When you are self-employed 'action' is all you got... what you choose to do with it is 100% up to you.

5. What advice do you have for someone like myself, that have the advance knowledge to create a online business and all the tools needed, but just do not have enough money saved to get me over the hump if all fails and the only thing stopping me is fear?

2 words: Entrepreneur Spirit

Entrepreneurship is often associated with the functions of innovation and bearing risks. The very word "entrepreneur" brings to mind motivated individuals who work for themselves but it is more a philosophy than anything else. It's not just a way of taking advantage of existing opportunities, but also bringing new opportunities into being.

That's saying it elegantly... reality is something different.

I truly thought I took the greatest risks early on until meeting Lianne at a WebmasterWorld PubCon.

If ever there was a 'jump to' rags and back to riches story she has it and hope she will share it.

That said - 'it is' the acceptance of risk that makes you strong' and the 'reality of those risks coming true that makes you stronger'.

Those that 'must have' hindsight to shed the blanket - they may or may not ever believe they can make it no matter how remote the risk is... those that believe in themselves - always do.

Tigrou

10+ Year Member



 
Msg#: 7490 posted 2:27 pm on Jan 12, 2005 (gmt 0)

Not going to answer the entire survey, as most of what I would say has already been answered, BUT what EFV said is extremely important :

"For people who like going to an office and working with other people all day, a job can be very fulfilling--and a lot less lonely than working at home. "

I just about went insane last year working from home with no office-social outlet (had just moved to a new city too). Got a small office in a cool area and met local self-employed buddies and life is much, much better now.

Don't underestimate the social aspect of having coworkers. WebmasterWorld is great, but it's nice to spend time away from PC, over a coffee, with "work" buddies.

Ledfish

10+ Year Member



 
Msg#: 7490 posted 2:48 pm on Jan 12, 2005 (gmt 0)

1. Would you ever work in Corporate America again? If no, why not?

Yes, but only if it either is because it had some huge financial benefit or if it is because I'm the owner of the corporation.

2. Do you feel like you have lost a step or gained a step? Meaning does working from Home feel non-realistic as well as making you more lazy and unaware of new technology or do you feel working with a company keeps you on your toes as well as up to date with the latest and greatest.

I think it makes you more in tune with the latest and greatest. Since you have alot personally at risk, you can't afford not to be up to date on the latest technology, also it is just another place, besides cost that will allow you do out do your corporate competitors.

3. Do you make more money working for yourself or working with a company?

More, but it took a long time to get there. It didn't happen over night and even still sometimes, things can get a little hairy, however I get great satisfaction from being able to say and from other people being able to see, that as a whole it is more money and that is the type of thing that keeps me going during the lean times.

4. Which of the following has been the best asset from working from Home? (multiple selections is fine)

F is my answer. For me it was the ability to skip the daily grind, not having to spend time in rush hour traffic on a daily basis. The ability to set my own hours and not so much the laziness, but the ability to sit down at my desk and work regardless of the time of day or night. Because I'm a work-aholic type, it gave my wife the feeling of me being around more since I'm usually at home while at the same time being able to actually work a more ridiculous amount of hours than I did before without her really being aware of it.

5. What advice do you have for someone like myself, that have the advance knowledge to create a online business and all the tools needed, but just do not have enough money saved to get me over the hump if all fails and the only thing stopping me is fear?

I agree with most, you will be best served by doing both for as long as you can. I would also offer these two pieces of advice.

One, working for yourself is a eat what you kill world. No kill, no eat. In the corporate world, someone makes a kill and you get to share in the snack. Realize this and understand it, your livelyhood is solely in your hands.

Two, if your reasons for wanting to work for yourself is all about getting to enjoy the financial rewards, have a big house, drive a fancy car, take exotic vacations, etc. You need to rethink your reasons. People who often succeed greatly at doing there own thing most often are not doing it for the glamour. They understand that working for yourself usually means you will work harder than in a corporate job and you will spend much more time worrying about if you will be able to make ends meet, but the reward is that you can say "look at what I built" and no one else can take credit for it, in short self-satification. It is also because they are like adrenaline junkies and see the thought of failure more as a motivational tool than as a distractor.

So I guess the question you need to ask your self is. "am I doing this because I want to enjoy the glamour of life or is it because I think I can do a better job serving my customers?

anthonyon

10+ Year Member



 
Msg#: 7490 posted 3:32 pm on Jan 12, 2005 (gmt 0)

am I doing this because I want to enjoy the glamour of life or is it because I think I can do a better job serving my customers?

I'm doing this for the glamour but moreso because I'm fed up with the work environment. As well, I truly feel I have always had an entrepenaural spirit. I'm very innovative...you wouldn't believe how many ideas I have came up with before anyone even thought of it, but now they are in circulation backed by a large corporation. My ideas mean nothing without the money to invest and the time to invest. Even when I was young I had this edge as being innovative and entrepenural. When I run into old high school friends today, they think I'm already working for myself, because every one know the type of person I am.

I'm fed up with the Corporate World because it is too much politics involved, everything is political correctness in the workforce. I'm tired of seeing the same people day in and day out...and I have to put on a face like I'm happy to be there. I'm tired of company meetings and company functions that are so frequent that to attend I back myself up and then have to play catch up. I feel like I'm a puppet, and I have to do a song & dance for my employers while they throw change/crumbs at my feet. I'm at the point that I come to work, working on my web business, I'm not focus on my job (at all). And it's getting worse because I'm starting not to care who sees my unfocusness. --is that a word :¦

I make pretty good money, but money is not everything to me. I know that working for myself, I would eventually be able to make the money I make now or more. But I'm a simple person, if I can pay my bills, live in a nice neighborhood, provide for my family, save/invest some money, and take family trips, then I'm happy. I don't need all the fancy cars, the mansions, the yacht, or the other advance luxury. Of course, it would be nice if I could afford those things, but I'm realistic about this and my goal is not that. My goal is to work hard at my business. I don't mind hard work, because right now I feel like I work 2 full time jobs. I like independcy. I'm hoping my company would let me go (lay-off style) so I can collect unemployment, and then I can fully focus on building my empire without any interruptions, like the big 8-10 hours a day I spend at my job. Collecting unemployment and working on my business would be a dream come true. Did I just say that! :)

This post has shed some light on my situation! And I feel a lot more confident and willing to focus and make it. Seeing how stepping out on faith has helped all of you, it confirms what I knew all along. It's about just doing it and believing in yourself. And most importantly it's about getting over the fear and stop the procrastination. Don't talk about it, be about it. So today i'm quitting my job!

Just kidding! I got a family to think about. But I will devote more energy or equal energy into my business. I will slowly transistion, when I get to a comfortable financial point I may even request part-time work hours until I'm able to leave all together.

Thanks for the post everyone. Please continue to share your thoughts.

CernyM

10+ Year Member



 
Msg#: 7490 posted 3:57 pm on Jan 12, 2005 (gmt 0)

1. Would you ever work in Corporate America again? If no, why not?

Sure, if the right opportunity came along. But, I'd be perfectly happy recreating my own brand of Corporate America with the company my wife and I founded.

2. Do you feel like you have lost a step or gained a step?

Its just different. Running a business is different than working for a business. You have to broaden your knowledge and skillsets. That might come at a cost of some specific "technical" type of knowledge. When you run a business, you don't care about the latest and greatest per se, you care about what is going to work and yield the greatest return within the budget you have available.

3. Do you make more money working for yourself or working with a company?

I earn far less on an annual basis, but I own the whole thing. I'm trading income for net worth. Of course, the risk is always that you'll end up with neither.

4. Which of the following has been the best asset from working from Home? (multiple selections is fine)

Working from home sucked. No way to separate work life from home life, so every minute I wasn't working felt like a wasted minute. We've expanded, moved out of the house, and started hiring employees. I still work long weeks, but I'm much happier. When I go home, I can have a beer in peace.

5. What advice do you have for someone like myself, that have the advance knowledge to create a online business and all the tools needed, but just do not have enough money saved to get me over the hump if all fails and the only thing stopping me is fear?

Don't fall for the siren song of the easy money. If you are going to start a business, start a real one. Ask yourself whether you are creating real value for real people and whether that value is sustainable.

Make sure you won't be joining the teeth-gnashing and hair-pulling crowd every time Google works to improve the search experience for their users.

And, prove your business can actually support you before you throw away a perfectly good source of income.

Essex_boy

WebmasterWorld Senior Member essex_boy us a WebmasterWorld Top Contributor of All Time 10+ Year Member



 
Msg#: 7490 posted 8:57 pm on Jan 12, 2005 (gmt 0)

Would you ever work in Corporate America again? If no, why not? -- Only if I was really desperate.

2. Do you feel like you have lost a step or gained a step? gained In as much as I dont have to ask can I do this, I just do it.

3. Do you make more money working for yourself or working with a company? More for myself around 35%

4. Which of the following has been the best asset from working from Home? (multiple selections is fine)
A. Making more money
B. Setting own hours / Working less hours
C. Laziness, roll over out of bed and your office is a few steps away
D. More time with family
E. Having total control over your vision and enterprise
F. Other
G. All the Above

For me it has to be E - Oh lets go and do this.

5. What advice do you have for someone like myself, that have the advance knowledge to create a online business and all the tools needed, but just do not have enough money saved to get me over the hump if all fails and the only thing stopping me is fear?

Fear!?!? Fear is healthly, it stops you doing stupid things. find out what you fear and deal with it.

Advice, Keep good records either accounts or customer related.

Never CHEAT the taxman.

chessdragon

10+ Year Member



 
Msg#: 7490 posted 12:41 am on Jan 14, 2005 (gmt 0)

1. I think Metaphorically works for AOL they do that there.

I started a bunch of side sites hoping they would all take off. I have learned to never quit anything. I have a corp job and I still run my side sites. They dont bring in enough for me to live on. I have seen that you may fail a few times but if you keep trying youll eventually do well. I would keep doing both side job and corp until your side job can bring in enough for you to live off of. That depends on how old you are, (19 or 60) where you live (with parents with wife) if you have kids to support, how much debt you have and your location (rural or urban).

I live in a big city and for me my sites cant pay for me to live here. Companies pay me more. But something always happens and I usually loose a job or quit and when Iam in btw these corp jobs my sites explode in revenue, just cant seem to make the leap and loose my 410k and health benifits and getting paid to go on vaca. I also dont have enough of a finacial cushion. I would like to start a biz with vc money and have my own office and hire my own people. I dont really like working at home. Home is were I relax and work is where I work and I cant mix the two.
just my 2 cents.

anthonyon

10+ Year Member



 
Msg#: 7490 posted 6:41 pm on Jan 18, 2005 (gmt 0)

Well, you take the high road! Some people do not have the choices you have. I'm not trying to be a corporate giant, I'm just trying to live comfortable, work for myself, and support my family. You would respect me less because I choose to enroll in a program (unemployment) to help me with my goals? Government hand-out or a loan, we are both striving for the same thing...how can you not respect me for that?

It was a question that does not need a reply, I just don't get it. People act like I'm a bad guy because I would elect to accept unemployment and its program to use it towards my advantage. I'm sorry, but my options are limited as well as my time. My life has not been a silver spoon life and I do not live in the perfect credit world. My pride will not be my downfall and hold me back from my dreams and goals.

The funny thing is...all you guys that look down on me now, may one day be my client/customer/partner or whatever else, without even knowing it! It's funny, because a few of you already are!

Undead Hunter

10+ Year Member



 
Msg#: 7490 posted 11:18 pm on Jan 19, 2005 (gmt 0)

1. No, will never do it again. Ever. IF for whatever reason I had to go work for someone else again (and that's assuming I couldn't, I don't know, start a business selling local produce or something, anything!), then it would be selling something with (nearly) unlimited inventory like cars or homes. Even though I wasn't in sales before...

Why not work in Corp. America again?

a) You're making someone else rich
b) 40 hours or more a week away from the family
c) Commuting / office politics / wasting your life behind a desk in a cube somewhere... all the Dilbert reasons.

2. Lost or gained? What's to gain working for a corporation? Salary? I beat that in my second year working 1/3rd of the time (because I couldn't find more work than that at first!)

What do you gain? A title? "Whoo, you're Director of Marketing". It means nothing. Less than nothing outside of the country. Try heading to Buddhist temple in Thailand and proclaiming you're a Director of Marketing. Or where ever.

For proof of this, watch The Apprentice. Yes, seeing that Jen woman - with degrees and Princeton and Harvard and a "good" law job - essentially *beg* Donald Trump for a job in front of millions of people was about the most humiliating thing I've ever seen.

You'll always be at their mercy in a corporation - I think that was the point. Didn't matter how qualified you were, if 3 or 4 people don't "like" you, you don't get the job.

Whereas when you work for yourself, you have total control of who you work with, and where.

3. Definitely make more money with less work. I make more now than managers who were in the company for 15 years make!

4. "All of the above" - but rolling out of bed is my personal fave. I hate the commutes, I hate wearing the suits!

5. What advice for you? To NOT do it.

Because believe me, you WILL fail. If you DON'T fail you're not trying hard enough. You're staying in your comfort zone.

I failed big-time several times. The last time it cost a huge pile of money, and we'll be paying it off for 2-3 years at least. Maybe more!

Ultimately, our failure has made us smarter with our hours, our finances, everything.

If fear is holding you back, then I honestly don't think you are ready. Because you WILL need to fail at some point.

txbakers

WebmasterWorld Senior Member txbakers us a WebmasterWorld Top Contributor of All Time 10+ Year Member



 
Msg#: 7490 posted 12:29 am on Jan 20, 2005 (gmt 0)

Because you WILL need to fail at some point

Henry Ford bankrupted three car companies before starting what is now Ford Motor Company.

Thomas Edison missed nearly 1200 times before getting the light bulb right.

There are so many of these failure stories. I want to write a book called "The Great Failures" - the stories of genius before they were genius. I found it much more interesting than the success stories.

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