jamesbond008 Blog Post: Tue Jun 23, 2009 2:39 PM CST

jamesbond008 durban, Durban South Africa
Posted:Tue Jun 23, 2009 2:39 PM CST

Should i take a chance and risk losing everything?

Start my own business or continue working for a corporation forever? Its a question i have been wrestling with for 3 days now. I know i can make my own venture work with reasonable ease,but then how come i cant seem to take the next step?
Any advice out there?professor

128 Views | 9 Comments



Comments


Magic Lincoln, Nebraska USA
Tue Jun 23, 2009 3:57 PM CST
Leaving one's comfort zone can cause one to hesitate but it sounds as if you feel that all can be accomplished with relative ease. Sit in silence and do a little soul searching. Write down any concerns that surface and possibly you'll achieve a better understanding of why you might be hesitating. Good luck!

magic
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bigbillbroonzy Córdoba, Veracruz Mexico
Tue Jun 23, 2009 4:42 PM CST
I am in the same predicament, but more than ever before I feel ready and brave enough to take the plunge and go independent. I think a lot has to do with how solid your potential market is.

Another thought is the timing...we are going through a world recession. My interest is trading (exports and imports)...something which is definately experiencing a slump. One way of looking at this is that a recession is a good time to write a business plan and establish oneself; if you can convince an investor to throw money or capital at your business idea, then you have a good chance of riding through the recession and coming out a winner afterwards.

Good luck!
ladyluck45 broons, Bretagne France
Tue Jun 23, 2009 10:34 PM CST
Not so sure you could get banks or money lenders interested enough at this time, as things start to improve maybe a better time to go it alone.

But serious pros and cons lists need to be done first, but this proccess will not work if you are not completely honest with yourself.

It's one thing convincing investors to put up the money, it's a different issue entirely, when it comes to you truly believing you can do it.

If YOU have doubts, that will be seen in some way by the people you are asking to put up the money.

Until everything you could possibly imagine going wrong has been over come in your own head, you should sit tight and think things through thoroughly.

If your investors come up with a potential scenario, which you have no answers for, then no chance.

Another thing to think about, if you were the investor, would you put your money up?

Hope this helps with your decision proccess. xx
abbiye sofia, Sofiya-Grad Bulgaria
Wed Jun 24, 2009 5:54 AM CST
listen,what does your heart tell you,life itself is a risk.nothing ventured,nothing gained.just do it.you will be amazed how far you will go.whats there to lose.i say go for it.i support your vision.remember,this was how men like bill gates started.i sure will like to see your picture in forbes magazine.
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jamesbond008 durban, Durban South Africa
Wed Jun 24, 2009 7:44 AM CST
Hi all,
Thanks so much for the words of wisdom. After some serious soul searching and deap breaths i have decided that i will take a chance and go for it. HOLD THUMBS.
handshake
abbiye sofia, Sofiya-Grad Bulgaria
Wed Jun 24, 2009 9:31 AM CST
banana cheering peace head banger
Profile Deleted
Wed Jun 24, 2009 6:10 PM CST
Take in consideration the economy is bad and people would rather do business with larger corporations sometimes. I owned a business for three years, had all my inventory before i leased the store and therefore had no overhead. if it were me i would rather let the corporation worry about taxes, laws, policies, etc. There is a lot involved. You can even be audited for filing a schedule c, even if you make very little money. I learned this the hard way. One day notice of audit and one whole night gathering receipts. If you do i would suggest buying Quick Books, great inventory, payroll, etc. Good luck. Don't give up your wish, but hold on till the economy is betterhandshake
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missDior edinburgh, Lothian, Scotland UK
Fri Jun 26, 2009 4:40 AM CST
Go with your talent,then instinct,good luck from me to yougift
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Kacey1030 Tuscaloosa, Alabama USA
Fri Jun 26, 2009 10:51 AM CST
You must have faith in yourself. Set goals, stay focused. May not be easy but the beast things in life are the ones that you have worked hard to achieve. It has been my experience that the hardest things I have done have produced the greatest rewards.
Good Luck!!!
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Readybake101 Dundurn, Saskatchewan Canada
Sat Jun 27, 2009 2:53 AM CST
blushing I say go for it definitely. Be in charge!

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