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I am curious… why do you want to start a business? It seems like so much work for less pay. Why is the option of working until you retire early a bad thing?

potatochup 5y ago
Not the OP but I'd love to do something that contributes to the local community in a more tangible way than my current $BIGTECH job. I'd love to start a dance studio, a cafe/bookstore, a makerspace. But it'd be a huge pay cut, assuming I could even make a successful business out of it.
- nine_k 5y ago
  Your paying higher taxes contributes likely more to the community than another store. Your paying a local charity usually does much more to the community than even running a gym. If you run a store or a cafe by just paying locals to work in it, using a part of your high wages, it's pretty helpful. But see the charity above; maybe it's better to support e.g. educators. In general, your community is never better off if you suddenly become poorer.
  - robertlagrant 5y ago
    Taxes contribute to government, not community. Agree with the charity option.
  - leaflets2 5y ago
    Using the money to pay others to start more local schools, maybe a free coding bootcamp (with entrance tests), maybe maybe could be a high impact thing to do? Or a charity yes (unless of course it's sth like a SPA for dogs)
xtracto 5y ago
It's just because I've been working in Technology all my life. I've got a PhD in CompSci, I've grown the tech teams of 2 startups, I've worked in different areas... and I just dont really find it that fulfilling anymore. The pay is outrageously good... but at this point it's mainly just that. After 20 years of doing it, it just isnt the same. Maybe it's just the "midlife crisis"
- setr 5y ago
  I used to be told: The first 25 years to improve yourself The second 25 years to improve your family The third 25 years to improve your community The final 25 years to improve everyone It sounds like you're just reaching the third stage of life :-)

potatochup 5y ago

Not the OP but I'd love to do something that contributes to the local community in a more tangible way than my current $BIGTECH job. I'd love to start a dance studio, a cafe/bookstore, a makerspace. But it'd be a huge pay cut, assuming I could even make a successful business out of it.

nine_k 5y ago
Your paying higher taxes contributes likely more to the community than another store. Your paying a local charity usually does much more to the community than even running a gym. If you run a store or a cafe by just paying locals to work in it, using a part of your high wages, it's pretty helpful. But see the charity above; maybe it's better to support e.g. educators. In general, your community is never better off if you suddenly become poorer.
- robertlagrant 5y ago
  Taxes contribute to government, not community. Agree with the charity option.
- leaflets2 5y ago
  Using the money to pay others to start more local schools, maybe a free coding bootcamp (with entrance tests), maybe maybe could be a high impact thing to do? Or a charity yes (unless of course it's sth like a SPA for dogs)

xtracto 5y ago

It's just because I've been working in Technology all my life. I've got a PhD in CompSci, I've grown the tech teams of 2 startups, I've worked in different areas... and I just dont really find it that fulfilling anymore. The pay is outrageously good... but at this point it's mainly just that. After 20 years of doing it, it just isnt the same. Maybe it's just the "midlife crisis"

setr 5y ago
I used to be told: The first 25 years to improve yourself The second 25 years to improve your family The third 25 years to improve your community The final 25 years to improve everyone It sounds like you're just reaching the third stage of life :-)