Forums: Discussions for entrepreneurs and small business.

Hi Deb....you`re doomed. It`ll never work, you`ll probably fail miserably and end up broke and destitute. 

Nah....just kidding....

But think about it: Which is more important to you? How much are you willing to invest in order to gain...what?

If you go with statistics, looking at them reasonably, the likelihood is it`ll take you at least 2 years before your business is fully developed, well-known, and stabilized into something vaguely resembling "a job." Now go back and remember what life was like when you were just out of highschool (not college), and contemplating the future.

What sort of lifestyle did you have back then, and how much did it affect your decisions about what you`d do come the next year? You may have gone on to college, or you may have started a job. Did you say, "Oh...but before I take this next step, I`ve become accustomed to my income and life as it is. I`m not so sure I want to change those habits."

Starting up or starting over is just that. The universe has no "mind," and really isn`t involved in what`s your age at any given moment. It`s your option---do you want to start over or not? If so, then "paying your dues" becomes an interesting expression. Why would you expect to open up a life-coaching business, and instantly be making as much money as all the successful life coaches currently in business?

Do you have some startup capital? Could you set aside one year`s worth of living expenses while you get started? If not, could you phase into the new business by cutting back to part-time in the existing corporate job?

Hello Deb and welcome to SuN!

We are glad to have you in the community. I hope Craig`s advice will enlighten you, and if you want more information just browse the forum and you`ll find your answers. Wishing you good luck in your business.



-------------------------

World Championships of Website Flipping!
Think You Have What It Takes To Be The Worlds Best Website Flipper?
Click Here To Take Your Title Shot

Welcome Deb! SuN is a great resource and you will find that a lot of entrepreneurs have had various ways in breaking off on their own. I personally know some who have used their savings to start off on their own, others have used their severance package, some have started while they maintained their 9-5, and others like myself just did it. I decided to go for it knowing that all I had was my dream and my passion. It really depends on you and your ability to follow your guide (some refer to as a gut instinct). It appears that your personality is one that although you want to do it - you are not certain if it`s worth the risk. As mentioned before in other posts, do your research - see what may work for you. If you are still uncertain - check out your local SCORE counselor or your local SBA and other related offices - to speak one on one with someone who may also offer you support and mentoring. I wish you great success!


-------------------------

Take each day, mold it and make it yours.......

http://www.solutionshealthnwellness.com

I can`t count the number of times I`ve heard people say, "Well yeah, but when I was a kid, starting things up, I didn`t have REAL responsibilities and obligations. I didn`t have a mortgage, children to raise, car payments...." and the list goes on and on.

Remember well that you *chose* to take on those obligations. Yet we can also say that when you chose to go to college or start work right away, or travel the world before settling down, those too were potential obligations to analyze.

Too many people, in my view of things, first make their own, chosen decisions to take on obligations, then at a later time propose that those obligations were somehow foisted onto them by outside forces. As soon as "things" become an outside force, they take on a different value in a risk analysis.

You may not remember it, but when you left highschool, the future was as anxiety-provoking as your current life decisions. You had stability, security, and a sense that you understood "everything" just as it was. Depending on your genetic predisposition to anxiety and shyness, you made the same evaluations then as you do now.

Back then you just didn`t have as many easily-described and concrete "reasons" to avoid risk. Plus; so many of your peer group were in the same boat. :-) EVERYone was heading off to the future, leaving home, and being tested on their individualism and capabilities.

At that time, you didn`t perceive starting "over" as a choice, so much as something "everyone" just had to do. Now, you see it as a choice---a decision to totally restructure your life.

Alright: Now think about the people with houses going into foreclosure, credit card debt about to bankrupt them, tax liens, and kids with college tuitions or braces. They`re about to restructure without a choice. Or is it a choice? Did they choose all those financial options?

Ultimately, the question comes down to a more simple one: If you know that pain and turmoil are pretty much inevitable, which would you rather do: choose the time and place, or wait until it happens in its own time?