Wing it Wednesday

Scaf

Scaf

Member
Messages
6,627
Leaving your job is a bold move, but staying in a job where you are unhappy is a mugs game.

I believe things happen for a reason.

I left a well paid secure job which I had held for 10years in a profession I had worked in for nearly 40yrs - but could not agree with new strategies being introduced.

I bought a Granturismo and drove it like I stole it to Bologna and back to clear my head.

By the time I got back my new future was secured and I bought into a PE backed business in my chosen profession - an opportunity that would not have presented itself to me had I stayed where I was.

In the two years since I left the fools have taken the previous Company to its knees and left for pastures new ....... I have grown my business by 25% and have a fully funded buy and build strategy to deliver.

I am sure yiur next opportunity is just round the corner - good luck
 
O

Oliver6796

Member
Messages
497
Scaf said:
Leaving your job is a bold move, but staying in a job where you are unhappy is a mugs game.

I believe things happen for a reason.

I left a well paid secure job which I had held for 10years in a profession I had worked in for nearly 40yrs - but could not agree with new strategies being introduced.

I bought a Granturismo and drove it like I stole it to Bologna and back to clear my head.

By the time I got back my new future was secured and I bought into a PE backed business in my chosen profession - an opportunity that would not have presented itself to me had I stayed where I was.

In the two years since I left the fools have taken the previous Company to its knees and left for pastures new ....... I have grown my business by 25% and have a fully funded buy and build strategy to deliver.

I am sure yiur next opportunity is just round the corner - good luck
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Appreciated , bold move as I spent a chunk of my savings on the car lol. I can find ordinary work without issues so not bricking it. Having a few weeks for myself, the house/car and family.
 
rockits

rockits

Member
Messages
9,180
marshallbrown said:
I also want to quit the job and start my own business I don't know when it's going to be possible.
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There will never be a perfect time. Just do it and you'll sink or swim.

Sometimes what you think are the best times are often the worst and vice versa.

If you have no money and are under pressure you kind of have to succeed so will likely be more inclined to give it your best shot, take some chances and be more hungry. Also credit control is easier and less open to complication.

When you have money in the bank and time you are naturally more relaxed and less likely to really push it hard.

Can work both or either way and really depends on the person and the business.

I have regretted and never regretted starting my business all in one. It is constant hard graft but have earnt more than I would have done flipping burgers in McDonald's.
 
GeoffCapes

GeoffCapes

Member
Messages
14,000
As Dean said. There's never a good time to start your own business.

I started mine when I was practically homeless, up to my eyeballs in debt, had numerous unpaid bills and owed mates and family money.
If I needed motivation I had it in bucket loads.
Last month was my company's 7th anniversary.

If you want something enough you have a good chance of succeeding.

But let's get one thing clear, it's f*cking hard work, and you'll want to quit numerous times.
 
CatmanV2

CatmanV2

Member
Messages
48,921
GeoffCapes said:
As Dean said. There's never a good time to start your own business.
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I'd just been fired. Nothing on the market so did it myself for a few years. Never liked the marketing bit and stopped when I was made the proverbial offer I couldn't refuse. And no horses were harmed.

C
 
M

marshallbrown

New Member
Messages
25
rockits said:
There will never be a perfect time. Just do it and you'll sink or swim.

Sometimes what you think are the best times are often the worst and vice versa.

If you have no money and are under pressure you kind of have to succeed so will likely be more inclined to give it your best shot, take some chances and be more hungry. Also credit control is easier and less open to complication.

When you have money in the bank and time you are naturally more relaxed and less likely to really push it hard.

Can work both or either way and really depends on the person and the business.

I have regretted and never regretted starting my business all in one. It is constant hard graft but have earnt more than I would have done flipping burgers in McDonald's.
Click to expand...

The problem is that I have to pay for rent and bills that's why I am afraid to quit the job as I have no money in the bank and if I start my own business there are chances that I start earning soon but meanwhile if I don't earn how will I pay my bills etc only this is the reason I am not starting my business and stuck in job :(
 
GeoffCapes

GeoffCapes

Member
Messages
14,000
marshallbrown said:
The problem is that I have to pay for rent and bills that's why I am afraid to quit the job as I have no money in the bank and if I start my own business there are chances that I start earning soon but meanwhile if I don't earn how will I pay my bills etc only this is the reason I am not starting my business and stuck in job :(
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That (I believe) is the number one reason why people don't start their own business.

In 7 years I have not earned enough to cover the bills 3 or 4 months. Which I imagine is pretty good. The other company I set up last year, I haven't earned a penny out of. In fact it has cost me a fortune. However, that's part of a longer term plan.

If you believe you can make a living from whatever you want to do, I'd say go for it. If you've no savings, trust me, you will certainly work hard. But get results and it is very rewarding.
And you'll wonder why you didn't do it sooner.
You will also at several points wonder what the f*ck you were thinking in setting up your business. But that's par for the course.
 
azapa

azapa

Member
Messages
1,300
GeoffCapes said:
But let's get one thing clear, it's f*cking hard work, and you'll want to quit numerous times.
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This^^

I went solo in 2002 ish after the .com crash. Here is a synthesis:
- first 3 years. No money but a lot of creativity and time to be creative. Worked hard
- next 3 years big clients, covering bills. Still creative and confident. Less time though
- next 3. money coming in, never knew if it was average, good or lots. Start to get cocky. Spend days as part lawyer part banker (I'm an engineer by heart).
- next 3. Cocky. Long holidays and fancy cars. Not enough time at the office. Bought another business. Invested.
- Now. Fall out. Some investments went well, others tanked (mainly due to my dropping the ball). Regather and regroup. At present working hard again!

Best thing I ever did though, no regrets. Good luck!
 
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