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One foot in Corporate One foot out

So I`m all set to quit my job. (well one of them) I decided to move back with the parents and just start it up.
But I got a call from a recruiter today, for an interview. The wheels in my head started spinning. Even if I start the business part time I`ll be gaining experience in the industry. Plus I`ll have a larger war chest to pull from when i decide to go full time. My only thing is I fear that i`ll eventually hate working for anyone else regardless of the industry. But I can`t deny that working on the business part time and earning more money for it has it`s perks (especially since i`ll probably have to bootstrap it)
So for those of you still working and working on your business in your spare time: Are there any other issues, concerns, or other things I should be aware of?
But I got a call from a recruiter today, for an interview. The wheels in my head started spinning. Even if I start the business part time I`ll be gaining experience in the industry. Plus I`ll have a larger war chest to pull from when i decide to go full time. My only thing is I fear that i`ll eventually hate working for anyone else regardless of the industry. But I can`t deny that working on the business part time and earning more money for it has it`s perks (especially since i`ll probably have to bootstrap it)
So for those of you still working and working on your business in your spare time: Are there any other issues, concerns, or other things I should be aware of?
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Comments
Don`t be tempted by so-called easy money.
One thing to consider, when your business is in its infancy stages there will certainly be unforseen expenses. Be sure if you go full steam ahead with your business and have no other source of income that you have enough in the bank to cover both business and personal expenses. The last thing you want to happen is to go 100% at your business and run out of capital and become discouraged or frustrated and not give yourself an opportunity to get the business ramped up.
Good luck!
I agree though...if you have the opportunity (financial, support, etc.) to go full steam on your dream (hey...I made a rhyme)...then do it! Find some part-time thing if you feel the need to have some pocket money...like a coffee shop or something...nothing that requires too much of you so you can focus on what you really want...your own business!
Best of luck to you though! Not the worst place to be....your own business...or other people wanting you! Either way...sounds like you make out in the deal!
Good luck!No I certainly don`[t expect the `rents to pick up the bill for my business. they have promised to provide me a roof to stay under, and business advice and encouragement. That`s plenty for me. I`m in a slightly different situation. I have two part time jobs which is basically like one full time job. Like someone suggested I`ll have the ability to work part time on the business and part time at my job. Craig you`re right, It comes down to a choice. But i know I`m going to be an entreprenuer. For me It`s more about what type of experience I can get from the working world. I don`t like my bank job because I feel like I`ve learned everything there is to learn from running a business and money. I still have a bit to learn from my clothing job in terms of management. once I`m done learning, I`ll move on from there. Plus you can never have enough contacts.
Very true CraigL.
Working for yourself exclusively is the fastest way to see your business become a success. Not always practical in the grand scheme of things however. When you have other income it is a bit easier to put off things that need to be done in your business. You are exhausted because you are burning the candle at both ends, your financial needs are being met, so why not put a few things off. From there it becomes easier and easier to settle into the comfort zone of a 9 to 5.
If I had a small family, that probably wouldn`t work out. In the latter case, isn`t there some value in learning for another business first?
To me this represents a better advantage than my current job because I know when a given job will end. And when my business is in high gear. I`ll have a definite exit date.
But on the otherside of the coin: I went to work Monday and hated it because I kept thinking to myself "This is time I could be using to work on my own business" So I`m struggling with this issue now. If I`m working part time I guess that`s better than none. But for one job I`ve reached the point where (as the prisoner might say) I gotta get out. Im thinking of leaving net or no net. A huge risk.
I figure it`s not really supporting my lifestyle as it is so what`s the harm in leaving?
He also started the Patrone liquor line after his first success. Now he owns two billion dollar companies.
Money should not be an issue when following your passion. Leave your fears behind.eventbrander2007-6-11 5:56:57
I`m in the one foot in, one foot out predicament, and I am not willing to take the risks that I should... my wife works VERY part time and my income is what pays the bills, so to speak.
My business is broad environmental informatin, and I`ve JUST started the site... it still has a lot of growing to do. But the question is, even though green is starting to get popular (and I believe will CONTINUE to be popular for a long time), it also sems to be a pretty saturated market... but it`s been my passion for as long as I can remember. Is it worth it to "struggle" in a business that is your passion, or to "suffer" in a job that pays the bills but you are not as passionate about?
I liked what you said about experience, too. Young entrepreneurs can fail because of a variety of reasons, one of them being the lack of real world experience. Your ideas won`t mean much if you can`t communicate them to others or organize a team around your dream.ErinHattaway1/7/2008 12:26 PM