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This sounds like a good recipe for disaster. There's no buffer room in this plan. You've got 6-12 months to make your company profitable or it either fails or
by jcoffland 8y ago
This sounds like a good recipe for disaster. There's no buffer room in this plan. You've got 6-12 months to make your company profitable or it either fails or you get into massive debt.
- keiferski 8y agoI don’t know, worst case scenario you learn a ton and...go get another job? Life is short and time is valuable. There is a very real cost to not putting your 100% into something.
- AnIdiotOnTheNet 8y agoThere's also a cost to putting yourself 100% in to things, that's why they have this whole "moderation" concept.
- herewego 8y agoMeh, there's risk involved, but saying it's a "recipe for disaster" implies that you think the outcome is nearly set or that the odds are against you. I challenge that line of thinking. You don't necessarily "got 6-12 months to make your company profitable or it either fails or you get into massive debt." A counter example could be that if your company's net begins to converge towards profitability, your burn rate would decrease and it's entirely possible that your 6-12 months becomes 18-24 months. Bail if you don't see that convergence and you'll still be able to re-enter the workforce without wiping out your savings. It's not an all or nothing game. Alternatively, just get to profitability in 6-12 months :)
- jcoffland 8y ago> that you think the outcome is nearly set or that the odds are against you Stats on most startups would agree.
- herewego 8y agoI would argue that personal circumstance is significantly more indicative of success than a generalized statistic.
- wild_preference 8y agoNow examine the price of "I should have tried" regret.