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If you eventually want to start your own company, I think the biggest risk is not taking action when it's easiest to – when you're young, with minimal expenses
by spiredigital 14y ago
If you eventually want to start your own company, I think the biggest risk is not taking action when it's easiest to – when you're young, with minimal expenses and few responsibilities.
I quit my job at 24 and dedicated a year to bootstrapping my own company. It generates a good full-time income now, but it took a year of hard work to get there. Because I was single and with negligible expenses (less than $1,000 a month), I was able to invest the time to getting my business up and running without worrying about the short-term lack of income.
I'm older now - married with a kid on the way – and have a lot of friends who really want to start their own business. But with mortgages and kids of their own, they can't afford to take 3 to 6 months off to get a business off the ground. The drop in cash flow would sink them. Someone really dedicated could save a cash cushion and quit their job, but the pressure would still be much greater knowing you only have X months in cash reserve before you're unable to support your family.
If you're an aspiring young / single entrepreneur, the time to start a company a company is NOW. As legions of people will tell you, it only gets exponentially harder as you get older and take on more responsibilities. The real risk is not taking action when it's easiest to do so.
For anyone interested in my bachelor startup-story, I detailed it in the post below:
http://www.ecommercefuel.com/my-corporate-escape-story/ http://www.ecommercefuel.com/my-corporate-escape-story/