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Forum Moderators: phranque
I have an Electrical Engineering degree and an MBA
For every person in here speaking up about how great an idea this is and how it's worked for them, there are many more who have failed.But, try and find one of them who regret doing it. Bet you can't. Going it alone is an overwhelmingly positive experience. Success or failure is almost secondary.
I realised in 2001 that there was no such thing as a "secure" job - just the illusion of it. My future depends on me / my ambition / my behaviour.
The most valuable piece of business advice anyone ever gave me was a long six years before I ever went into business for myself and a good four before I ever dreamt of the idea.
It is this:
Whatever you sell, ensure it is, each time, something that you make once and then can sell over and over again.
ie. don't sell haircuts, sell prints of photos you have taken
The core principle here is that the last thing you want to be exchanging for money is your time.
Let me just add, that you are the man for having the guts!Well just quitting to show that you have the guts wouldnt be smart right? I'd like to think I have it planned out. It does require taking risks but a calculated risk is the way to go. I dont know everyones situation here, financials and whether or not they have other responsibilities like supporting a family or not. I think it all depends on the individuals situation so not sure if I can recommend it to anyone or not.
a calculated risk is the way to go
either crazy or too optimistic
I wish you luck, but I do not agree with all the other posters.... Im not a webdesigner so no, I wont be building websites for clients. My plan is to monetize traffic through ads. Ill let you know the details later. I do appreciate your honesty. :)
Your expertise is in the aviation industry, how does that translate ?It is, but its not what Im passionate about.
Your questions should probably have been asked before you left your day jobI wasnt looking for advice on whether to leave or not.
Usually what happens when you start your own business is that you announce it to everyone you know.Absolutely agree! I noticed that on day 1 when I was excited and told my close friends.
You then have to deal with all kinds of advice, pressures and expectations that are not your own and which end up influencing your decisions.
But then explaining and justifying my move took too much energy from me