Questions

Tell me about the day... when you finally decided to start your new business?

You just don't care about what other people think, maybe some of you may comfortably sit on a high position in corporate company, some of you may working aggressively to earn much money. Probably one day, you woke up in the morning, something happen, you said to yourself this is the day i'm going to start my business. Tell me what was running in your head when you decided to start a business?

4answers

I will give you two stories (both mine).

It was 1999 and I was 15 years old. My mom's friend ask me to deliver some christmas cards. The reason was that there was a monopoly of mail delivery in my country and it was so expensive that it was worth it to pay a young kid to do it. I did it for her and then for another, then another, and again. I realized that the monopoly actually created an opportunity. It just shocked me how happy people were to actually pay half the price and don't have to deal with a government office!

I reached out to the dad of one of my friends and ask him if I could deliver his flyers (he had an insurance company). Half the price. Short story, I hired 20 of my friends and we build a company around it.

Second story.
I was a partner in a consulting firm and I was making good money. Like really good. But I was always fighting with my partners because we had a different long term vision. I woke up one day and say "this is it, I'm done". I realized I didn't want to go to work anymore no matter how much money I did. I figured out that I would find something else to do.

If you want to know more in detail please give me a call. Some of this moments are very personal. I would like to share them but not that openly with everyone :)


Answered 5 years ago

Many people will answer this question by describing how much they disliked their job, and wanted to be their own boss. I have a different take: I enjoyed my job, but I wanted to notch up to the next level. I wanted freedom to set my own schedule, get rid of the gatekeepers and have no upper limit to my income. I also started building this business during the evenings and weekends, testing the idea, before I left my position. That gave me both the funds and the proof-of-concept that I needed.


Answered 5 years ago

The world out there is replete with just two type of people. The former one being who thinks "What could be a good time to start a business?" The latter being one who knows "There's always a good time to start a business".

Somehow, I, always, was from the latter category and so it wasn't too daunting for me to get started. You don't care about what others think but think about caring for others by providing solution for some problem.

Whatever you do make sure your business contribute towards making life meaningfully better.


Answered 5 years ago

This is a great question and I always love hearing other entrepreneurs stories as you can learn so much. For me, I was working for a very large corporation and I was in a high level management position. I worked tons of hours, travelled 2-3 weeks out of every month but made lots of money.

Having a young family the travel part was hard and missing out on key events with my kids growing up was difficult. This is what motivated me to start my business. Like many entrepreneurs it started working late nights and weekends and after about 2 years I felt I was able to make the leap of faith.

In those two years of starting the company up, I saved to help deal with any financial constraints when leaving my high paying job. This was one of the best things I ever did because that first year it was tough taking such a big pay cut but it motivated me to work hard to make this work.

15 years later and I can honestly say that was the best decision of my life and the best part is I get to take my kids to school every morning and work my own hours.

For me it wasn't about making millions of dollars, it was about getting my time back with my family and time is something you never get back.

Best advice I can give, is have a clear plan before leaving your job and prepare to the best of your ability for circumstances to arise.


Answered 3 years ago

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