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I went through this, so I am answering from experience. It was over 15 years ago though, so take it with a grain of salt. First of all, how much do you love mo
by nickpp 5y ago
I went through this, so I am answering from experience. It was over 15 years ago though, so take it with a grain of salt.
First of all, how much do you love money and the luxuries it affords? I went from a well paid engineer spending freely on whatever I wanted straight back to living with my parents and eating my mom's cooking. I had savings but did not touch them - they were for emergencies, especially medical ones: I had no insurance. Took me 3 years to go back to making some money, and 5 to be comparable to the original level.
Secondly, how are the people around you? I was lucky to be partially understood and not discouraged by my parents and girlfriend and accepted by my friends. Without that I would’ve quit pretty fast.
Third, do you have an actual idea for a product? You need to be in love with that idea, not with the idea of being an entrepreneur.
Finally, how much do you love sales? You’ll get nowhere without them.
Now, if you answered yes to all above, don’t convince me. Go ahead and convince a cofounder. Work together in your spare time (plus a vacation or sabbatical) a few months and build a proof of concept. Then convince an investor for some seed money for a first hire.
Then and only then you can decide to go ahead and build your own startup…
Remember: you can get anything you want in life. But everything has a price. The trick is to really understand that price. The question is: Are you really ready to pay the price?