Comments on: The Tradeoffs Of Owning Your Own Business Vs Working A Day Job http://mywifequitherjob.com/the-tradeoffs-of-owning-your-own-business-vs-working-a-day-job/?utm_source=rss&utm_medium=rss&utm_campaign=the-tradeoffs-of-owning-your-own-business-vs-working-a-day-job Starting An Online Business When Your Wife Wants to Stay at Home With the Kids Wed, 08 Feb 2012 23:45:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Steve http://mywifequitherjob.com/the-tradeoffs-of-owning-your-own-business-vs-working-a-day-job/comment-page-1/#comment-7268 Steve Tue, 07 Feb 2012 19:18:24 +0000 http://mywifequitherjob.com/?p=2303#comment-7268 Hi All, What would your advice be for a young 20-something year old looking to start up his own business and escape the employee daily grind? I currently have no debts (paid off student loans), make decent income working full-time & have some savings. But every day coming into the office I want to quit my job because all I can think about is how I am making someone ELSE rich. On the other hand, I don't want to make an uneducated or brash decision and I also feel like I need some more experience. Do I continue working full-time, slowly move into contract work while I begin to start-up my own business on the side? Or do I do the brave act of quitting and dedicating myself to starting up my own business 100%, whatever that may be? Any advice/ help would be greatly appreciated. I feel like I have a lot of talent, unrealized potential and time that is being wasted right now. Hi All,

What would your advice be for a young 20-something year old looking to start up his own business and escape the employee daily grind? I currently have no debts (paid off student loans), make decent income working full-time & have some savings.

But every day coming into the office I want to quit my job because all I can think about is how I am making someone ELSE rich. On the other hand, I don’t want to make an uneducated or brash decision and I also feel like I need some more experience.

Do I continue working full-time, slowly move into contract work while I begin to start-up my own business on the side? Or do I do the brave act of quitting and dedicating myself to starting up my own business 100%, whatever that may be?

Any advice/ help would be greatly appreciated. I feel like I have a lot of talent, unrealized potential and time that is being wasted right now.

]]> By: Brice http://mywifequitherjob.com/the-tradeoffs-of-owning-your-own-business-vs-working-a-day-job/comment-page-1/#comment-5850 Brice Sat, 21 May 2011 17:38:58 +0000 http://mywifequitherjob.com/?p=2303#comment-5850 Great post - this is something that I think everyone who is out of work is dealing with in one way or another right now. Great post – this is something that I think everyone who is out of work is dealing with in one way or another right now.

]]> By: Enzo http://mywifequitherjob.com/the-tradeoffs-of-owning-your-own-business-vs-working-a-day-job/comment-page-1/#comment-3353 Enzo Sat, 06 Mar 2010 05:57:58 +0000 http://mywifequitherjob.com/?p=2303#comment-3353 I love this article. I have over seen a few businesses and am struggling with my newest venture www.giveageorge.com which is a site for local residents in a small City in Florida. It is hard to get going but it just takes a dream and determination. I love this article.

I have over seen a few businesses and am struggling with my newest venture http://www.giveageorge.com which is a site for local residents in a small City in Florida.

It is hard to get going but it just takes a dream and determination.

]]> By: How To Be Successful | Motivate Thyself http://mywifequitherjob.com/the-tradeoffs-of-owning-your-own-business-vs-working-a-day-job/comment-page-1/#comment-1407 How To Be Successful | Motivate Thyself Sun, 19 Apr 2009 23:03:24 +0000 http://mywifequitherjob.com/?p=2303#comment-1407 [...] The Tradeoffs Of Owning Your Own Business Vs Working A Day Job [...] [...] The Tradeoffs Of Owning Your Own Business Vs Working A Day Job [...]

]]> By: Giovanna Garcia http://mywifequitherjob.com/the-tradeoffs-of-owning-your-own-business-vs-working-a-day-job/comment-page-1/#comment-533 Giovanna Garcia Wed, 03 Dec 2008 04:33:31 +0000 http://mywifequitherjob.com/?p=2303#comment-533 Great post! Very honest! I have been an entrepreneur for almost 15 years now. And I have be very blessed with it. So for me I would say 100% worth. Great post! Very honest!
I have been an entrepreneur for almost 15 years now. And I have be very blessed with it. So for me I would say 100% worth.

]]> By: Steve http://mywifequitherjob.com/the-tradeoffs-of-owning-your-own-business-vs-working-a-day-job/comment-page-1/#comment-531 Steve Wed, 03 Dec 2008 01:25:51 +0000 http://mywifequitherjob.com/?p=2303#comment-531 @Alex, I completely agree with you. Sometimes it's just not worth the time that you have to put in to grow at fast rates. I think the startup phase is unavoidable though. Once business starts rolling a bit, usually you can kick back and enjoy life a bit more. It's tough to do though. @Anke It is a great feeling to have happy customers isn't it? Sometimes the most pain in the ass customers give the most praise in the end. Currently my wife and I are carrying most of the weight. We hire some people to help out here and there but hopefully we'll get to a point soon where we can hire someone full time. @Susan Having bursty income can be stressful at times. Our business is just starting to become more predictable. As more data is collected, we in theory should be able to predict our income more accurately next year. I'll have to check out your network marketing business again. I'll head over after I'm done responding to comments. @Jon Wow! That has never happened to us before. I'm not sure how I would have reacted. You're probably lucky that customer was not a lawyer otherwise they may have followed through with it. My brother is a lawyer and he always mentions suing people left and right. Do you find that bad customers are in the minority? Have you been to our customer stories section?:) @Alex,

I completely agree with you. Sometimes it’s just not worth the time that you have to put in to grow at fast rates. I think the startup phase is unavoidable though. Once business starts rolling a bit, usually you can kick back and enjoy life a bit more. It’s tough to do though.

@Anke
It is a great feeling to have happy customers isn’t it? Sometimes the most pain in the ass customers give the most praise in the end. Currently my wife and I are carrying most of the weight. We hire some people to help out here and there but hopefully we’ll get to a point soon where we can hire someone full time.

@Susan
Having bursty income can be stressful at times. Our business is just starting to become more predictable. As more data is collected, we in theory should be able to predict our income more accurately next year. I’ll have to check out your network marketing business again. I’ll head over after I’m done responding to comments.

@Jon
Wow! That has never happened to us before. I’m not sure how I would have reacted. You’re probably lucky that customer was not a lawyer otherwise they may have followed through with it. My brother is a lawyer and he always mentions suing people left and right. Do you find that bad customers are in the minority? Have you been to our customer stories section?:)

]]> By: Jon Kepler http://mywifequitherjob.com/the-tradeoffs-of-owning-your-own-business-vs-working-a-day-job/comment-page-1/#comment-529 Jon Kepler Tue, 02 Dec 2008 18:30:46 +0000 http://mywifequitherjob.com/?p=2303#comment-529 I once had a customer seriously threaten to sue me over the phone! Once I cooled off, I realized how illogical they were, how the amount wouldn't be worth it to them, and how everything was actually going to be okay. I'd done more to make them happy than any other customer I've ever had, so it's not as if I wasn't doing everything I could to give them what they wanted. However, the short period of time right after I got off the phone was definitely one of the more stressful times I've experienced. I once had a customer seriously threaten to sue me over the phone! Once I cooled off, I realized how illogical they were, how the amount wouldn’t be worth it to them, and how everything was actually going to be okay. I’d done more to make them happy than any other customer I’ve ever had, so it’s not as if I wasn’t doing everything I could to give them what they wanted. However, the short period of time right after I got off the phone was definitely one of the more stressful times I’ve experienced.

]]> By: Susan/Unique Business Opportunity http://mywifequitherjob.com/the-tradeoffs-of-owning-your-own-business-vs-working-a-day-job/comment-page-1/#comment-528 Susan/Unique Business Opportunity Tue, 02 Dec 2008 16:29:37 +0000 http://mywifequitherjob.com/?p=2303#comment-528 It sounds like you and your wife are doing a great job of building your business, but your are correct in saying that being self-employed is not for everyone. Having been a commissioned sales rep for many years, I know what it's like to not know what your income will be from month to month. That's one of the reasons that I made a choice to build a network marketing business as one of my sources of income. It offers the residual income that gives a little more stability. It sounds like you and your wife are doing a great job of building your business, but your are correct in saying that being self-employed is not for everyone. Having been a commissioned sales rep for many years, I know what it’s like to not know what your income will be from month to month. That’s one of the reasons that I made a choice to build a network marketing business as one of my sources of income. It offers the residual income that gives a little more stability.

]]> By: Anke http://mywifequitherjob.com/the-tradeoffs-of-owning-your-own-business-vs-working-a-day-job/comment-page-1/#comment-527 Anke Tue, 02 Dec 2008 14:04:33 +0000 http://mywifequitherjob.com/?p=2303#comment-527 Thanks for a great post! I run a small dressmaking business (very small in fact, it's only me) offering made to measure outfits for flamenco dancers and I can relate to all the points you made. Especially the irregular income and having total responsibility for every detail of the business can sometimes be stressful. But being my own boss also gives me the power to change anything the way I feel will improve the business. I don't miss having to deal with incompetent managers or worry about losing my job when management has yet again had a brilliant idea of "re-structuring" the organisation. But most of all, I never again want to miss out on the satisfaction of having happy customers, having them come back again and again and referring their friends to me. Ok, I carry all the weight but I also get all the credit for a job well done. Thanks for a great post!
I run a small dressmaking business (very small in fact, it’s only me) offering made to measure outfits for flamenco dancers and I can relate to all the points you made. Especially the irregular income and having total responsibility for every detail of the business can sometimes be stressful. But being my own boss also gives me the power to change anything the way I feel will improve the business.
I don’t miss having to deal with incompetent managers or worry about losing my job when management has yet again had a brilliant idea of “re-structuring” the organisation.
But most of all, I never again want to miss out on the satisfaction of having happy customers, having them come back again and again and referring their friends to me.
Ok, I carry all the weight but I also get all the credit for a job well done.

]]> By: Alex Fayle | Someday Syndrome http://mywifequitherjob.com/the-tradeoffs-of-owning-your-own-business-vs-working-a-day-job/comment-page-1/#comment-523 Alex Fayle | Someday Syndrome Tue, 02 Dec 2008 07:47:21 +0000 http://mywifequitherjob.com/?p=2303#comment-523 In the comments on my blog last week, someone who works a 9-5 job was wondering why we self-employed people do this to ourselves. While I'll never return to a 9-5 job (it's just not me), I've set limits on my business. I might not earn as much or my business might not grow as quickly as I'd ideally want, but I'm much happier, not working evenings and not opening the computer on weekends - a healthy relationship is more important than a thriving business. ;) In the comments on my blog last week, someone who works a 9-5 job was wondering why we self-employed people do this to ourselves.

While I’ll never return to a 9-5 job (it’s just not me), I’ve set limits on my business. I might not earn as much or my business might not grow as quickly as I’d ideally want, but I’m much happier, not working evenings and not opening the computer on weekends – a healthy relationship is more important than a thriving business. ;)

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