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I have said this before in other topics when someone is getting fed up with their job and want to try their hand at making a company. Get the business started,
by drenvuk 8y ago
I have said this before in other topics when someone is getting fed up with their job and want to try their hand at making a company. Get the business started, running, profitable and automated (with humans, bots, or scripts) and then quit. Do not remove your major source of income which also happens to be your major source of investment and start the clock that runs until your bank account empties and you need to look for work again. It is not a good idea to kill your company's lifeblood.
The added pressure and energy drain from working on your own machinations while working a full time job pales in comparison to the added pressure and energy drain from working against the clock. In my case it became a source of depression and a constant demotivator when I realized I was running into roadblocks. You cannot foresee all of the difficulties you will run into, you cannot rely on stories of other entrepreneurs doing so. They are half truths and tell only the triumphant side of it, ignoring the failures of the hundreds or thousands of others who's companies made it only to the paper stage then died with a whimper, much less being in the spotlight of the medium and techcrunch and online news articles and forums. You're hearing about certain entrepreneurs solely because they're outliers, not the norm - they're a good narrative.
Keep your job. Make the product. Make connections. Get Customers. Then make the company. Not the other way around. If you're the one in a million already has the connections and skills to make it happen then more power to you but statistically speaking, you probably don't. You should acquire those qualities with gusto but also with prudence.
Good luck.
- beat 8y agoThis. Yeah, I made that mistake. On one hand, working on building a company full-time was the best time of my career. But it failed, and I lost a lot of money in the process. And going back to the corporate world was... demoralizing. (As an aside, I think the biggest problem I had was lack of a committed co-founder. I had help and support, but it's not the same. Later, I tried pushing again with potential co-founders, but they got distracted and lacked commitment when I really needed them.) edit: I do plan to get back to it soon. I'm taking a forced six month hiatus to reset that concludes in July, and I'm kind of chomping at the bit for it. But only while doing my dayjob too! Not going to leave that again until I have paying customers.
- JauntTrooper 8y agoPhil Knight's autobiography Shoe Dog was really interesting. This is what he did when he started Nike. He kept his day job as an accountant for a while.