So where do I go from here...

[seym8302]

Greetings everyone, I am new to these forums and looking for a bit of advice. I did well in school, but withdrew from my university, because I was simply not happy working towards a career that only my family wanted me to have. I feel that I have the entrepreneur and NR spirit, but I just don't have the bankroll to feel comfortable pursuing that lifestyle. I have an opportunity making around 100k a year, doing a job where I will be working long and hard hours. Would it make sense to work here and build a bankroll with the intentions of starting a hands-off business, so I am able to change my lifestyle in a couple years? I want to experience my life but not from living on the street.

[adam.sn]

You don't really need a bankroll at all. I started both of my muses with almost zero capital.

So don't worry about that.

Cheers
- Adam

[ScottVA]

I have a small muse that makes about $20-$50 a month - But I am trying to get that to more or find something else..

While my first goal is to have money that will pay a few hundred a month - next is a independence.. But I am looking for others to talk with in email - chat - IM or in my local area that may want to join forces.. I know I can use the motivation..

[preneur]

If you can find a job that pays 100k a year full-time, you must be able to find a job that will pay you 50k or 60k a year working lesser hours... that way with those spare hours, you can spend them growing your muse. I’d be doing it that way.

I think having some security is good for the confidence and the self-esteem... while you're actually going out and trying, start your own business.

So, I’ll definitely be looking at taking a job but taking a job that’s going to at least cover your overheads, which then gives you the time and freedom to actually go and do the business.

Because as I’ve said, you don’t need a bankroll to start a business but you do need to actually have a bankroll to cover your living expenses while you start the business.


Cheers,

Pete
p.s. This response was actually dictated and posted by my virtual assistant.

[Sven]

You learn a lot of skills working in a job that you otherwise would need to learn yourself. I went in to business straight after leaving my higher education and it cost me a lot of money (and even more if you count the money I missed by not having a job).

[Ruben A]

seym,

not sure of your age, but if you are in uni, you may be in your early twenties. be ready for some really hard times in launching a business on your own. their not bad times, just hard because you just may not have been around that track. 1) stay connected to a community of like-minded individuals (ie, keep pluggin away here), 2) find a mentor near you that can show you the ropes locally, 3) read lots of books. with these three things, you will benefit TREMENDOUSLY from other's experiences.

in my own experience, i went with a job in an area that i liked and have been taking lumps over the last 4-5 years in creating muses. also, the director of our company is my closest mentor and i have the freedom to talk to him about my dreams and future plans, so it has been invaluable for me. also having the J-O-B that i enjoy has allowed me to provide food/roof/insurance for my wife and two (third on the way) kids and take risks with muses that i otherwise wouldn't have taken. you may not be in the family stage of life, and it helps when you are only immediately responsible for you.

i'm finally in a place where my muse is providing a couple hundred dollars a month consistently, and i attribute this long a time to get there because of the learning curve i had to go through.

sidenote: recently read "the richest man in babylon" first written in the 1930's, and man, it has given me more perspective

don't be afraid to fail, because that is also a tremendous teacher. failure is temporary, and you are only defeated when you stop trying. if something doesn't work, tweak it. (i'm reminded of a story in "think and grow rich, another great read and also written way before i was ever even a thought).

Ruben

@preneur This response was dictated by a voice in my head and posted by my carpal tunnel hands and tendonitis ridden elbows. :D. Yes, just a little jealous, but just a little. more greatful, since you showed me the possibility/opportunity.