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I Quit My Job. Here’s How I Planned the Start as an Entrepreneur

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Re: I Quit My Job. Here’s How I Planned the Start as an Entrepreneur

#21
It’s almost impossible to start a business by yourself.

Your first 5 years of your career are vital because you’re making connections that you can leverage when starting a new venture.

But starting by yourself AND having almost no understanding of how the industry works. No chance. This type of move kills career trajectories.

Re: I Quit My Job. Here’s How I Planned the Start as an Entrepreneur

#22
I feel like this may be relevant: https://shefska.com/blog/i-quit-my-job

I documented my decision making process leading up to leaving the firm I was COO at. I was 24, and making $200k per year. I still knew entrepreneurship was the right decision. So glad I made the leap!

Re: I Quit My Job. Here’s How I Planned the Start as an Entrepreneur

#24
post #3

If I understand the timeline: - July 2019 - start first full time job - early 2020 - 6 months unpaid leave - June 2020 - quit job to start company - August 2020 - blog post about how to quit your job So someone with less than a year of full time experience who seemingly hasn't actually built a business is giving me advice on how to successfully quit my job? I guess that's the part they've succeeded at so far.

Well, they're quitting a salaried position to try and take on freelance or small agency type work. Aside from that - this really reads more of like a "journal" entry than an advice piece.

It is explicitly a journal entry.

Re: I Quit My Job. Here’s How I Planned the Start as an Entrepreneur

#25
post #13
post #3

If I understand the timeline: - July 2019 - start first full time job - early 2020 - 6 months unpaid leave - June 2020 - quit job to start company - August 2020 - blog post about how to quit your job So someone with less than a year of full time experience who seemingly hasn't actually built a business is giving me advice on how to successfully quit my job? I guess that's the part they've succeeded at so far.

How to become an entrepreneur (from someone who has actually done it): - Get income from other people via job - Learn - Come up with idea - Test market in 2 weeks for

How high should the income be though? A few existing clients of mine were willing and did change to my platform, but how do you know if the business is scalable/will be competitive against other large businesses?

Re: I Quit My Job. Here’s How I Planned the Start as an Entrepreneur

#26

It’s almost impossible to start a business by yourself. Your first 5 years of your career are vital because you’re making connections that you can leverage when starting a new venture. But starting by yourself AND having almost no understanding of how the industry works. No chance. This type of move kills career trajectories.

If my business had failed in the first 4 years I’d have been toast. As it was killing the business after 8 years was still hard enough to build a new career from. Starting a business in your early 20s is fun, it can work out and you will learn a lot but if it tanks you’ll have been better off starting in a normal job 9 times out of 10

Re: I Quit My Job. Here’s How I Planned the Start as an Entrepreneur

#27
post #25
post #13

Earlier quoted context omitted.

How to become an entrepreneur (from someone who has actually done it): - Get income from other people via job - Learn - Come up with idea - Test market in 2 weeks for

How high should the income be though? A few existing clients of mine were willing and did change to my platform, but how do you know if the business is scalable/will be competitive against other large businesses?

IMO, it should cover company and living expenses.

The rest can come later.

Re: I Quit My Job. Here’s How I Planned the Start as an Entrepreneur

#28
post #13
post #3

If I understand the timeline: - July 2019 - start first full time job - early 2020 - 6 months unpaid leave - June 2020 - quit job to start company - August 2020 - blog post about how to quit your job So someone with less than a year of full time experience who seemingly hasn't actually built a business is giving me advice on how to successfully quit my job? I guess that's the part they've succeeded at so far.

How to become an entrepreneur (from someone who has actually done it): - Get income from other people via job - Learn - Come up with idea - Test market in 2 weeks for

while this works for some businesses, there are plenty of startups that could not have been formed this way

Re: I Quit My Job. Here’s How I Planned the Start as an Entrepreneur

#29
post #13
post #3

If I understand the timeline: - July 2019 - start first full time job - early 2020 - 6 months unpaid leave - June 2020 - quit job to start company - August 2020 - blog post about how to quit your job So someone with less than a year of full time experience who seemingly hasn't actually built a business is giving me advice on how to successfully quit my job? I guess that's the part they've succeeded at so far.

How to become an entrepreneur (from someone who has actually done it): - Get income from other people via job - Learn - Come up with idea - Test market in 2 weeks for

> Test market in 2 weeks for Could you elaborate on that one? Are you referring to landing page + ads?

Re: I Quit My Job. Here’s How I Planned the Start as an Entrepreneur

#30
post #6

Earlier quoted context omitted.

That’s hilarious, I was about to respond in some grumpy fashion about how it’s basically impossible for anyone to get any useful information or advice out of this article. I didn’t even notice this timeline. Not even year into a career and the author already doesn’t like it. I mean, it’s entirely possible that your first job just sucks. It’s entirely possible that your first company just sucks. I’d just look for a di…

I'm 28 and virtually every single male I talk to in their 20s has this deep resentment of working for a corporation. It personally used to resonate with me, but it turns out I like money much more than freedom.

"You want to play house, you got to have a job. You want to play very nice house, very sweet house, then you got to have a job you don't like. Great. This is the way ninety-eight-point-nine per cent of the people work things out, so believe me, buddy, you've got nothing to apologize for."

- Revolutionary Road (Richard Yates)

Advice given to a main character who's (spoilers?) smart and thoughtful enough to be deeply bored by and unhappy with anything like a normal career, while also easily doing well at such a job while hardly trying, but who also believes deeply that he's meant for something more artistic and intellectual and adventurous but is both entirely unmotivated to actually make that happen, and also probably not that smart.

And yes I felt attacked when I read the book :-)

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