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Started By
Message
Anyone ever leave a great job to start a business?
Posted on 9/25/14 at 9:32 am
Posted on 9/25/14 at 9:32 am
I'm at a well paying job for a very stable company. Advancement opportunities seem to be good, and I have gotten some favorable reviews. All in all, I could have a successful career here from a financial standpoint with good job security.
My career path has not really been altered since college, and quite honestly, this is exactly where I wanted to be at this point in time in my career. However, now that I am here, I can't help but feel less than excited about this being my life.
I have begun to feel jaded toward corporate lifestyle (this is my second stop); the thought of spending 40-60 hours a week in a cube or office, doing work I feel that I have very little impact on just doesn't give me much fulfillment, regardless of the paycheck. I have picked up some some special projects, but everything just moves so slow and is subject to endless lines of approval. I guess what I am trying to say us that I am envisioning my life going by without ever truly testing myself, which is a bit depressing.
I have a feeling I'm not the only one that has felt this way, but what ways have any of you acted on it? Recently I have been considering the idea of altering my career path altogether, and starting my own business. I don't have an idea nailed down yet, but I certainly have some skills that I could be make a living from.
I need the wisdom and insight of the money board, any advice?
Some more info: I'm in my late 20's, recently married, no kids, no mortgage, wife has a good job too.
My career path has not really been altered since college, and quite honestly, this is exactly where I wanted to be at this point in time in my career. However, now that I am here, I can't help but feel less than excited about this being my life.
I have begun to feel jaded toward corporate lifestyle (this is my second stop); the thought of spending 40-60 hours a week in a cube or office, doing work I feel that I have very little impact on just doesn't give me much fulfillment, regardless of the paycheck. I have picked up some some special projects, but everything just moves so slow and is subject to endless lines of approval. I guess what I am trying to say us that I am envisioning my life going by without ever truly testing myself, which is a bit depressing.
I have a feeling I'm not the only one that has felt this way, but what ways have any of you acted on it? Recently I have been considering the idea of altering my career path altogether, and starting my own business. I don't have an idea nailed down yet, but I certainly have some skills that I could be make a living from.
I need the wisdom and insight of the money board, any advice?
Some more info: I'm in my late 20's, recently married, no kids, no mortgage, wife has a good job too.
6
Posted on 9/25/14 at 9:42 am to OceanMan
I'm in the exact same boat. Mid 20's, married, no kids, wife works, etc...
I have a good job and considering the amount of work I do, I feel I am compensated very well. I just don't know that I can spend the rest of my working days building someone else's company.
I just have to figure out what I could do that would be of necessity, and is exciting to me.
The biggest thing I have been told is to try and do some things on the side, to build a foundation.
I have a good job and considering the amount of work I do, I feel I am compensated very well. I just don't know that I can spend the rest of my working days building someone else's company.
I just have to figure out what I could do that would be of necessity, and is exciting to me.
The biggest thing I have been told is to try and do some things on the side, to build a foundation.
Posted on 9/25/14 at 9:48 am to OceanMan
"Do something you love and you'll never have to work a day in your life." 
Posted on 9/25/14 at 9:50 am to Jblac15
quote:
The biggest thing I have been told is to try and do some things on the side, to build a foundation.
Right I have gotten that too, but the problem is, I feel like I just don't have the time, and would contribute further to burning myself out and distracting my mind from what I really want to do. To try and do something lucrative on the side would seem to exacerbate my situation, BC if it were actually something I were interested in, would be very time consuming.
Posted on 9/25/14 at 10:10 am to OceanMan
If you decide to start your own business do it on the side. Your current gig is too good and too stable to give up. Owning your own company is very stressful and takes an immense amount of work to get a good foundation started and to keep things running smoothly.
Posted on 9/25/14 at 10:25 am to BAMAisDIESEL09
quote:
BAMAisDIESEL09
You own a business? No doubt it would be a challenge and stressful, but where I am now is not challenging, but still stressful at times. The most stressful part is wanting to make a difference, but any effort will likely be a waste of energy.
Posted on 9/25/14 at 10:31 am to OceanMan
quote:
No doubt it would be a challenge and stressful, but where I am now is not challenging, but still stressful at times. The most stressful part is wanting to make a difference, but any effort will likely be a waste of energy.
I think we all understand this, but your question should be "how am I going to provide for my family while I am starting this business?". If your wife makes enough or you have the money stashed away then go for it. Otherwise you may need to bring the boat closer to the dock before you make the leap.
Posted on 9/25/14 at 10:46 am to OceanMan
quote:Get out now. It will only get harder to make "the break". Talk about it extensively with the wife, and prepare for the upfront uncertainties of starting your own gig.
Some more info: I'm in my late 20's, recently married, no kids, no mortgage, wife has a good job too.
This post was edited on 9/25/14 at 10:47 am
Posted on 9/25/14 at 10:48 am to OceanMan
(no message)
This post was edited on 1/16/16 at 9:59 pm
Posted on 9/25/14 at 11:17 am to OceanMan
What kind of work do you do, Ocean? Are you in a company that could allow you to some day get into ownership of said coompany?
This new business - would this be in the same line as your current job, or in a different line all together?
You are in a good spot in that you have no kids and you have a second source of income. Could you live on your wife's income for a year or more?
If you are serious... start asking questions, and if it doesn't run afoul of your current company, start doing something on the side. Yes, it is MORE hours... but you don't have kids. Start really piling up the savings as well.
Beyond that, just really, really make sure your wife is on board with this.
And yes, I have thought about going on my own. I would still do a lot of what I do today, but also offer some services that I am not currently able to offer. There are some types of work I would like to do and I have discussed that with the partners at the firm I work with, and they have agreed to try to find ways to allow me to do that within the firm. I like the work I do, I just think there is additional stuff I could do as well.
This new business - would this be in the same line as your current job, or in a different line all together?
You are in a good spot in that you have no kids and you have a second source of income. Could you live on your wife's income for a year or more?
If you are serious... start asking questions, and if it doesn't run afoul of your current company, start doing something on the side. Yes, it is MORE hours... but you don't have kids. Start really piling up the savings as well.
Beyond that, just really, really make sure your wife is on board with this.
And yes, I have thought about going on my own. I would still do a lot of what I do today, but also offer some services that I am not currently able to offer. There are some types of work I would like to do and I have discussed that with the partners at the firm I work with, and they have agreed to try to find ways to allow me to do that within the firm. I like the work I do, I just think there is additional stuff I could do as well.
Posted on 9/25/14 at 12:10 pm to LSUFanHouston
I'm in acct/finance at a large org, material ownership is out of the question.
No, the new biz would be unrelated, but would almost certainly utilize skills I have gathered in thus far. Like I said, haven't finalized a plan BC I'm just not there yet, haven't really decided what to do, but there are a few things that would be low investment that I could make money from.
The thing is, if I would start doing something else, I would really just want to commit to it. In other words, the types of things I could do part time aren't exactly what I'm after. I'm not simply looking for extra cash, it would be more of a lifestyle change.
Wife's income is solid and she is definitely on board with whatever makes me happy. Let's just say that external factors are not really a cause for concern in the decision; the question really is do I stay on this path for the sake of certainty, and get very little job satisfaction, or do I take a risk and get out of my comfort zaone , so I that the hours I work are more meaningful. I hope that makes sense.
No, the new biz would be unrelated, but would almost certainly utilize skills I have gathered in thus far. Like I said, haven't finalized a plan BC I'm just not there yet, haven't really decided what to do, but there are a few things that would be low investment that I could make money from.
The thing is, if I would start doing something else, I would really just want to commit to it. In other words, the types of things I could do part time aren't exactly what I'm after. I'm not simply looking for extra cash, it would be more of a lifestyle change.
Wife's income is solid and she is definitely on board with whatever makes me happy. Let's just say that external factors are not really a cause for concern in the decision; the question really is do I stay on this path for the sake of certainty, and get very little job satisfaction, or do I take a risk and get out of my comfort zaone , so I that the hours I work are more meaningful. I hope that makes sense.
Posted on 9/25/14 at 12:13 pm to BAMAisDIESEL09
quote:
Hopefully Im not sounding pessimistic but there are a ton of things to consider just to get things up and running.
Not at all, if this were an easy decision I would have done it by now. I'm just looking for honest, objective advice from ppl that don't know me personally who have maybe already made inferences about my career.
Posted on 9/25/14 at 12:25 pm to OceanMan
I left a great job and company to be the "right hand man" of a guy who started his own company. I was in my early 30s. Best decision of my life.
The company only lasted 3 years, but for me there is nothing better than being your own boss (I ran a department and had all decision making for it). The company ran into some bad luck, but those three years were the best three years of my 15 year career so far. I would do it again in a heartbeat for the right situation.
The company only lasted 3 years, but for me there is nothing better than being your own boss (I ran a department and had all decision making for it). The company ran into some bad luck, but those three years were the best three years of my 15 year career so far. I would do it again in a heartbeat for the right situation.
Posted on 9/25/14 at 12:33 pm to OceanMan
(no message)
This post was edited on 1/16/16 at 9:59 pm
Posted on 9/25/14 at 12:54 pm to BAMAisDIESEL09
quote:
I dont live to work, I work to live.
The extent to how this can be managed is very subjective. I just don't see how this is possible when I spend nearly half the hours I am awake by myself staring at a computer screen doing work that means nothing to me. Its a bit of an exaggeration, but not too far off.
Posted on 9/25/14 at 4:50 pm to OceanMan
Start a dealership, and i'll come over and be your CEO. Only 750k a year.
Posted on 9/25/14 at 5:04 pm to Coach Guidry
I've got two pretty good ideas that I've thought of turning into a business.
One is an invention for a household item and the other is a software that would act as an add-in for a Microsoft product. The software could potentially be a multi-million dollar idea if executed correctly.
One is an invention for a household item and the other is a software that would act as an add-in for a Microsoft product. The software could potentially be a multi-million dollar idea if executed correctly.
Posted on 9/25/14 at 5:32 pm to lynxcat
In my opinion you have to love the idea of working for yourself over loving what your doing in order to be successful.
Posted on 9/25/14 at 5:32 pm to lynxcat
I've got a consulting idea that could make a killing...but I need results on my own before I go out to sell it elsewhere.
Posted on 9/25/14 at 5:45 pm to OceanMan
quote:You HAVE to understand lay of the land. Do your own risk analysis. What are your tolerances? What are your likely exposures? What are your possible exposures? What are your chances of success . . . analyze all strengths, weaknesses, opportunities, and threats.
Not at all, if this were an easy decision I would have done it by now. I'm just looking for honest, objective advice
If you can make a business work, over time you will do better as an owner than an employee. Risk carries reward. OTOH, risk is risk. If you are not in a position fiscally and mentally to accept it, along w/ consequences, then do not take the leap.
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