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Yes, I have one word for you: Mindset. The more you make money in your contractor job, the more it should NOT be hard to imagine a startup or your own thing. Wh
by codegeek 8y ago
Yes, I have one word for you: Mindset. The more you make money in your contractor job, the more it should NOT be hard to imagine a startup or your own thing. Why ? Because doing your own thing has nothing to do with just money. It is an ITCH that has to be scratched if you are meant to be that person who risks it all.
So change your mindset. Don't think about the fact that you will probably be very poor in the beginning of your side project/business/startup etc. That is a given and a fact. If that bothers you, you will never be an entrepreneur. Get that out of your head.
Instead, think about the opportunity cost of you NOT doing your own thing. Think about where could you be in 7-10 years from now if you did do your own thing. Mindset. All about mindset. Now you could of course completely fail and still be poor/broke after few years BUT if you are really that entrepreneurial type, you will still not feel completely lost. You would have learned so much doing your own thing that you will have a satisfaction. At least, that is how I think about what I am doing right (bootstrapped business for almost 5 years and my personal income is still not quite what I used to make in my high paying but boring/miserable Investment Banking IT job)
My final thought: If you want to do your own thing and you are always doubtful, imagine yourself on your death bed. Would you rather regret the fact that you didn't do your own thing or would you regret the fact that you did something but failed ? For me, it is the former. That is what drives me to do my business, nothing else. Money is important but a side effect and yes I want to be rich but that is not my main reason to do a business.