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Business What works best for you and for your business?
Tweet Thu, April 21, 2005 at 19:52
Thu, April 21, 2005 at 19:52 There is plenty advice about how to develop a new business and when to leave existing employment and step into that new business. Conventional (and conservative) wisdom dictates that an entrepreneur begin the new business on the side and work on it tirelessly until it begins to generate an income large enough to cover the entrepreneur's expenses and only then should that fortunate bugger leave his/her stable income for greener pastures.
What do you think? Is this the approach you took when you started out? Or did you just give your employer the finger and take that bold leap off the edge of the cliff?
Reader Comments (2)
I think a balance is important here. When I started Missing Link I did have a full time job, however when I eventually took the plunge, while slightly more established, I still needed to work my arse off the first few years to make ends meet. That challenge was important though, I worked hard because the alternative was not eating, I think that helped a lot.
That's why I disagree with the VC option, where's the risk?
You need to put your cock on the block...!
I think a balance is important here. When I started Missing Link I did have a full time job, however when I eventually took the plunge, while slightly more established, I still needed to work my arse off the first few years to make ends meet. That challenge was important though, I worked hard because the alternative was not eating, I think that helped a lot.
That's why I disagree with the VC option, where's the risk?
You need to put your cock on the block...!