Anyone who imagines that leaving a job they've had for years or decades and starting their own business based on their "passion" is going to be anything other than a grueling gauntlet of towering expenses, nightmarishly long days and sleepless nights, unforeseen challenges and unimaginable pressure, where they now have half a dozen jobs including CEO, CTO, CMO, COO, CFO, and janitor, for years before light appears at the end of the tunnel, and imagines they'll get to "keep the income generated for themselves", is in for a great awakening indeed ;)
Absolutely accurate. Businesses should be started and nurtured ON THE SIDE while you work your normal job. If you think you’re going to pay your mortgage and feed your family with the income from a brand new business, you’re wrong.
No shit. And good luck filing the paperwork needed without a vax. Jesus this was the first big control squeeze destroying the small hustler/entruepeneur.
I have started a business and it is lots of hard work. Of course part of the stress is dealing with the govt paperwork. I think the idealistic post is imagining an alternative economy, which would theoretically be a great thing.
Year and a half into my second business. It's taken on average 80 hour weeks for 18 months now (combined time spent between both businesses). Second business is barely able to pay my mortgage, but finally seeing the light at the end of the tunnel. If all goes well, it will be both profitable (including historical investment) and able to pay a salary by early next year.
It's grueling, but worth it. Even though the income starts off low, having a direct connection to it creates an emotional attachment to every dollar coming through the door. I highly recommend starting a business to anyone with enough determination. It's viscerally satisfying.
I graduated with an engineering degree. I never used it. Immediately after college I started my own construction business. My Dad was pissed but Ive payed him back every cent with interest. Today, I cant even imagine working as someone elses bitch. It was hard work. I missed some time when my kids were small. I still work my ass off at 56 years old. Everyday, rain or shine, heat and cold. I dont work out but Id bet Im in way better shape than 95% of the 56 year olds out there.
I wouldnt have it any other way, the sacrifices or the benefits. Its been a good living for my wife, my family and I.
Guy I went to school with started going through the neighborhood setting up grass cutting (and snow shoveling) contracts. 50$/month per house. By the time we graduated he was effectively full time. Last time we talked he had scaled up to his third truck.
Point being, not all businesses require that level of challenge.
Also, since the point and intent seems to be the aim at creating a parallel economy, could really just focus on stuff made in China and creating a local version of it.
Anyone who imagines that leaving a job they've had for years or decades and starting their own business based on their "passion" is going to be anything other than a grueling gauntlet of towering expenses, nightmarishly long days and sleepless nights, unforeseen challenges and unimaginable pressure, where they now have half a dozen jobs including CEO, CTO, CMO, COO, CFO, and janitor, for years before light appears at the end of the tunnel, and imagines they'll get to "keep the income generated for themselves", is in for a great awakening indeed ;)
Still go for it, of course, just....get ready
Also having to still deal with a bunch of government bs
Dont forget that any corporate clients (thats unfortunately where the moneys at) will ask for the v pass.
Absolutely accurate. Businesses should be started and nurtured ON THE SIDE while you work your normal job. If you think you’re going to pay your mortgage and feed your family with the income from a brand new business, you’re wrong.
No shit. And good luck filing the paperwork needed without a vax. Jesus this was the first big control squeeze destroying the small hustler/entruepeneur.
Principle
And don't forget that the government and megacorporations will be actively working to destroy your business.
Oh definitely. My thing wasn't intended to be exhaustive, but that is a major fact...competitors will sue you just to slow you down and cost you money
I have started a business and it is lots of hard work. Of course part of the stress is dealing with the govt paperwork. I think the idealistic post is imagining an alternative economy, which would theoretically be a great thing.
Yes indeedy
Year and a half into my second business. It's taken on average 80 hour weeks for 18 months now (combined time spent between both businesses). Second business is barely able to pay my mortgage, but finally seeing the light at the end of the tunnel. If all goes well, it will be both profitable (including historical investment) and able to pay a salary by early next year.
It's grueling, but worth it. Even though the income starts off low, having a direct connection to it creates an emotional attachment to every dollar coming through the door. I highly recommend starting a business to anyone with enough determination. It's viscerally satisfying.
Not to mention most businesses need employees eventually so not everyone can run their own.
I graduated with an engineering degree. I never used it. Immediately after college I started my own construction business. My Dad was pissed but Ive payed him back every cent with interest. Today, I cant even imagine working as someone elses bitch. It was hard work. I missed some time when my kids were small. I still work my ass off at 56 years old. Everyday, rain or shine, heat and cold. I dont work out but Id bet Im in way better shape than 95% of the 56 year olds out there.
I wouldnt have it any other way, the sacrifices or the benefits. Its been a good living for my wife, my family and I.
In the heat of doing that right now actually! One year under my belt so it does get easier.
Valid, but really depends on the business.
Guy I went to school with started going through the neighborhood setting up grass cutting (and snow shoveling) contracts. 50$/month per house. By the time we graduated he was effectively full time. Last time we talked he had scaled up to his third truck.
Point being, not all businesses require that level of challenge.
Also, since the point and intent seems to be the aim at creating a parallel economy, could really just focus on stuff made in China and creating a local version of it.
Maybe not, but it's best to go into it expecting to be wrung out.
Determination and persistence alone are omnipotent.