Is it crazy to quit a 6+ figure salaried job to do a startup right now? Is my new year's resolution misguided? Was thinking about pulling the trigger tomorrow.
Is it crazy to quit a 6+ figure salaried job to do a startup right now?
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Re: Is it crazy to quit a 6+ figure salaried job to do a startup right now?
#2The startup would be a two person company me and a friend are co-founding.
Re: Is it crazy to quit a 6+ figure salaried job to do a startup right now?
#3If you have the market, the money (to survive and pay your bills) and something that people needs, you should go with it. Maybe you could start doing it part time.
Re: Is it crazy to quit a 6+ figure salaried job to do a startup right now?
#4I think it depends if you can fund it yourself.
If you're relying on external funding in the near future it might be hard.
If you've got the cash to fund it yourself, then there is a case that it's a great time to start a business.
Re: Is it crazy to quit a 6+ figure salaried job to do a startup right now?
#5It's so easy to rationalize not doing it but actually, sooner is always better than later when it comes to making yourself happier - life is short and unpredictable and what we think of as security is often a big joke at our own expense.
Re: Is it crazy to quit a 6+ figure salaried job to do a startup right now?
#6If your current job makes you happy, then I think it's crazy, given the 6 figure salary.
Re: Is it crazy to quit a 6+ figure salaried job to do a startup right now?
#7I think it depends if you can fund it yourself. If you're relying on external funding in the near future it might be hard. If you've got the cash to fund it yourself, then there is a case that it's a great time to start a business.
Yes, me and my co-founder will be bootstrapping for at least the first year. But our plans are to become cash flow positive in 6 months. I can probably survive for 3-4 years with no job, my partner at least 1 year.
Re: Is it crazy to quit a 6+ figure salaried job to do a startup right now?
#8If your current job makes you happy, then I think it's crazy, given the 6 figure salary.
Current job definitely doesn't do that.
Re: Is it crazy to quit a 6+ figure salaried job to do a startup right now?
#9If the business is right go for it. I recommend a minimum of two years of personal runway.
Re: Is it crazy to quit a 6+ figure salaried job to do a startup right now?
#10It's so easy to rationalize not doing it but actually, sooner is always better than later when it comes to making yourself happier - life is short and unpredictable and what we think of as security is often a big joke at our own expense.
My thoughts exactly, this is what I truly believe. It is only Fear Uncertainty and Doubt that make me worry about it.