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Failed entrepreneur, broke, unemployed, now taking care of aging parents. Help.

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Re: Failed entrepreneur, broke, unemployed, now taking care of aging parents. Help.

#51
I feel for your situation and realize that you cannot change it overnight.

In the short term, put in your profile what you can do: - What skills do you have? (coding, marketing, etc.) - What was your project(s) that failed.

It doesn't matter that your startup failed. What did you do in that startup? Thats all that matters.

You would be surprised how many of us are willing to take a chance. Yes, we might not be able to pay you the best money out there but it will help you get back into things.

Re: Failed entrepreneur, broke, unemployed, now taking care of aging parents. Help.

#52
I've been in very similar situations, except I did not turn my life over to the ones I was helping. If you have shown someone how to organize their money (a dubious enterprise with people in their 70's who have never done so), and have helped them access social services, then please feel free to leave and not feel guilt. The family members I helped in this way could go along for months with no apparent crises; as soon as I arrived to help them with some specific effort, I was presented with an avalanche of emergencies: illnesses, broken appliances, unpaid bills, conflict with neighbors, etc. After spending a week getting those issues resolved, I was hit up for a return visit to handle the original purpose of my visit. Each visit was a new list of crises. When the crisis culminated in the death of our uncle, we "airlifted" our handicapped nephew out of there and into our home and left the rest of the family to fend as best they could. Guess what? Without us there to help, they managed to get on disability and other forms of welfare and are doing OK. If you have the time, means and inclination to deal with people like that, do it; if not, no one outside of the family will blame you for taking care of yourself.

Re: Failed entrepreneur, broke, unemployed, now taking care of aging parents. Help.

#54
post #24

A few observations: - Your post is a little judgmental of the people living this area. 9-5 jobs are nothing to be ashamed of and wanting to watch TV after a hard day isn't necessarily a fault. If I were a business leader in this area I'm not sure I'd be interested in working to fix this if such a thing is even possible or desirable. - What is your skillset? Are you a programmer? If so then you should be able to find…

1) Re: 9-5 - Thanks for catching that. My frustration came through on that a bit. I changed the wording. 2) Re: skills - I do everything but program. And by everything I mean everything - funding, prod dev, marketing, sales, operations, strategy, etc. Great point about not doing something driven by guilt. Thanks for your feedback.

Move close in but not with your parents, get a job, and learn programming -- it's very empowering. I had one of my friends over that is doing just that. Six months back when he started he was quite bleak, but now he's close to $0, and on a roll. He seemed not tense for the first time since I've known him.

Re: Failed entrepreneur, broke, unemployed, now taking care of aging parents. Help.

#55
I am really sorry to hear this, your situation sucks. However, as others have said, you are doing the right thing.

Are you a developer? If so, even if you aren't great (and you're probably better than you give yourself credit for) you'll be able to find a job in a "hot" enough market. You may want to consider doing this: taking a job in an area that has more options available / better pay, and commuting every week. You can live at your parents' during the week (+1/2 days a week), and rent a cheap apartment (or a shared room) in the target area during the week.

That lets you accumulate savings, which should give you further options. Pick a job with strong prospects for technical growth (that should give you further confidence) and an adequate salary that should let you save.

The problem with this approach is that there is cost to commuting every week (you'll have to calculate it and take it into account, but it will likely be tax deductible), cost to renting an apartment or room in the target area (however, you can really minimize it, as you have your parents' place for the weekend).

Re: Failed entrepreneur, broke, unemployed, now taking care of aging parents. Help.

#56
post #45

Earlier quoted context omitted.

Is it possible that you actually can't really do those things if your startup failed? In other words, is it possible you're representing having skills that you don't actually have? (It reads to me as if you have a willingness to practice those skills, though they aren't well developed.) Maybe it's time to honestly evaluate where you're at and invest some time into personal growth and development. You will reduce cogn…

You do realize that startups fail for any number of reasons. Founder's not having all the necessary skills may be a contributing factor, but I would be willing to wager quite a bit that it is not a leading cause.

"Sales fixes everything" - Guy Kawasaki

Re: Failed entrepreneur, broke, unemployed, now taking care of aging parents. Help.

#57
I'm in somewhat the same situation, but in Toronto, taking care of and living with my elderly folks (one with Alzheimer's), working a part-time job to pay the bills, and seeing my boyfriend 2 nights a week if I'm lucky. As a writer, I find it hard to be tapped into the local startup community.

One thing to consider: Enjoy the time you have remaining with your parents, even if you quarrel with them. You've got a unique opportunity to rekindle a relationship with them, at some level. When they're gone, you'll appreciate it.

Set boundaries if they are always in your grill - a lock on your door, times they can and can't expect to see you, etc. Guilt can be hard to escape but you are an adult now and they've done their job of raising you. It's up to you to decide what you want and how you want to live.

Re: Failed entrepreneur, broke, unemployed, now taking care of aging parents. Help.

#58
Lots of good advice here and hope you can benefit from them. My 2 cents:

Find someone who's in a much worse situation than you are - start talking to them regularly, become friends. Ideally, this 'someone' would be a single woman (it's my understanding that you're single) who's around your age. Start from here, and things will change. Patience is an absolute must (the 'as soon as possible' in the last para tells me this could be hard for you, but there's no way around it).

I'd add one more thing I learnt over the years - the strongest, the most tenacious and steel-willed people are those who have something to protect. I'd suggest you find some time to figure out what exactly you want to protect. It could be a person, it could be values, anything that you love but will not survive without you. Once you have something to protect, you'll be able to work your way out of tough situations on your own.

Wish you the best.

Re: Failed entrepreneur, broke, unemployed, now taking care of aging parents. Help.

#59
post #47

"People here want their safe, comfortable, 9-5 jobs, and their must-see-TV at night. There is no ecosystem to help drive and create new things." Considering your situation, a stable 9-5 sounds like a better option for you than a new and risky venture.

Sounds like those people would like more media, like movie rentals. Buy a redbox machine? Start a rental store?

Start a video rental store? In the age of Netflix?
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