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True, lower the risk, lower the reward if it pays off. However, I think starting a business beside a job is a good way for people who want to start something sm
by chmac 19y ago
True, lower the risk, lower the reward if it pays off. However, I think starting a business beside a job is a good way for people who want to start something small. Sure, they're not going to create the next Facebook part time in their garage. But they might build a nice lifestyle business that gives them quality of life.
- palish 19y agoThere are also people in my position who have to start something big while moonlighting. I make 35k a year, so after car payments and living expenses (not credit card debt though, thankfully) there's simply no way to save up fast. I'm saving, sure, but at this rate it'd be a year before I could quit to spend 3-6 months on our startup. Godda start now.
- rokhayakebe 19y agosell your car, move with your girlfriend/boyfriend and code till you get a call from Yahoo.
- palish 19y agoThat's.. certainly one way to do it. I'm debating that, but it's another thing when the chance of you failing affects someone else (for example, if you have a family). Technically you can't 'fail' at a startup, you just quit working on it, so how long do I invade their life? I couldn't bear to ask Emily's father to support me for a year or more.. It just feels morally wrong, especially when he's already 20 years in home debt and is supporting three children and a wife. Does it make me a non-entrepreneur to worry about morally wrong things? I don't know.
- rokhayakebe 19y agoNope. Entrepreneurship and ethics go together. Chances are you can make more than 35k working as consultant or some odd jobs rather than working for someone else. That could be your first step. There are lots of people who would love to know what you know. Put a simple web page and offer consulting services and go to Odesk, Craiglist. Soon you will have a better income and more time for your startup.