3 ms·

I'd advise against taking on any debt in your own name- It's a very tempting offer, particularly if you have good credit coming out of school, but it will mean

by e1ven 17y ago

I'd advise against taking on any debt in your own name- It's a very tempting offer, particularly if you have good credit coming out of school, but it will mean that if the business does go south for whatever reason, even if it is outside your control, you may be paying it off for decades. Instead, build something that can raise profits immediately, and start building from there. That will help to keep you focused on what your revenue stream can support- Borrowed money allows you to have unrealistic ideas, and overspend too quickly.

frederickcook 17y ago
Along the same lines here, I would say just don't make mistakes or large commitments in general that will tie you down. Don't get arrested for underage drinking (or DUI), don't risk having kids, don't take stupid chances with your life or health, don't screw up your credit, don't take on lots of college loans if you can avoid it, etc. Being able to live anywhere and on almost no money will make it a lot easier. Additionally, do talk to a potential long-term partners about the entrepreneur lifestyle (and not having a high-paying job for a few years), do read as many blogs and books on entrepreneurship as you can (you won't have time once you actually start a company), do go out of your way to meet as many people as possible, and stay in touch with the smart ones. Also, TAKE PROGRAMMING CLASSES.