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I did not leave a high paying job to start my own company but I rejected an offer and didn't collect others before I started my own company directly after finis
by mkuhn 16y ago
I did not leave a high paying job to start my own company but I rejected an offer and didn't collect others before I started my own company directly after finishing my studies.
I have a double Masters in Business Administration and the "traditional" way for students like me is to start as a consultant (McKinsey and the gang), investment banker or whatever. In Switzerland that meant a starting salary of at least six figures but money was not really a factor in my decision it was mostly based on the fact that I wanted to do what I liked.
In the year between my Bachelors and Masters degree I interned 6 months for a Swiss web/technology consulting company and 3 months for Accenture. Both experiences bored me to a degree I had not thought possible. It wasn't that I had no responsibility - which I had - or that the tasks were repetitive - they were only slightly - but I just wasn't faced with the challenges I was looking for. From quite early on I loved to create my own things and I realized that just was not possible in a corporate environment and I had to do something about it. My first plan - following conventions - was to be a part-time entrepreneur. I wanted to work at one of those strategy consulting companies and have my own thing on the side. When I look back that idea seems crazy but at that time I was convinced I could do both. But in March I talked to a successful Swiss Entrepreneur and he convinced me that this is an all or nothing game. Either I went all-in or I had to fold. I decided to go for it and haven't looked back.
As I said before money wasn't really a factor in this decision and that is for a few reasons:
1. I have a safety net through my parents. This obviously is a very comfortable situation that not everybody has.
2. I looked at my potential salary as opportunity costs and decided that it was worth the costs that I could do what I wanted.
3. If I need to I can still go work for those companies I decided to forgo now or another company. I have an excellent education and I see my entrepreneurial endeavors as an extension on that. Obviously after having been an entrepreneur for several years I probably won't fit into the mindset that Strategy consulting companies look for but there will be plenty of opportunities if need be.
4. I never had massive amount of money available to me. I always lived comfortably and still do but I was never a big earner and therefore don't have an expensive lifestyle to support. Also at the moment I don't have any responsibilities, no family, no children to support.
On a side note: The consequences of my decision to start my own business have not always been easy. One of the harshest things is that many of my friends now almost can swim in money but once I talk to them about their Job I am convinced to have made the right decision.