Who has quit their job to start focusing solely on their business?

Updated on : December 3, 2021 by Dwayne Bender



Who has quit their job to start focusing solely on their business?

I did this in the 90s.

I started a part-time contract development / consulting business in the late 80's and as the business grew and I couldn't keep it part-time, I moved full-time. I reversed his process 10 years later, when it made the most sense to go back to corporate America.

It's tempting to quit our day job early and focus on business. However, there are risks. Remember that a business is primarily a business and you need to plan how to handle risk or you will fail.

Elements to consider:

  1. You will need to eat while the business grows. Most companies take 3 years to make a profit
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I did this in the 90s.

I started a part-time contract development / consulting business in the late 80's and as the business grew and I couldn't keep it part-time, I moved full-time. I reversed his process 10 years later, when it made the most sense to go back to corporate America.

It's tempting to quit our day job early and focus on business. However, there are risks. Remember that a business is primarily a business and you need to plan how to handle risk or you will fail.

Elements to consider:

  1. You will need to eat while the business grows. Most companies take 3 years to reach profitability (although my technical business came very early). How are you going to eat while the business grows?
  2. Most small businesses fail due to lack of capitalization. The money they need to support themselves, or even grow to take advantage of a tactical opportunity, simply does not exist. That money you took to eat (Step 1), you could easily be taking the money you'll need for the first bump in the road (and there will be plenty in those early years).
  3. Forget food, shelter, etc. Medical care (depending on your jurisdiction) is also important. In the United States, employer-based health plans are much cheaper than individual or small group plans. Yes, you are healthy now, but if you lose coverage, an accident or illness could easily erase our business assets (risk factor).

There are many elements of risk like these.

I'm not saying you shouldn't do it, but you need a plan:

  1. You may have a working spouse who is providing enough money for food, shelter, etc. Be honest to make sure he / she understands and agrees. If your partner does not feel that the relationship will remain equitable, you may lose more than your business. You need to agree on a period of time, who will take care of what household responsibilities, when you will return home, etc.
  2. You may have savings to live on. This is great, but you don't want to spend all your savings and THEN the business fails. You need to plan it out and set the milestones you need to achieve.

In the end, you need agreements with everyone involved and a plan that includes milestones and metrics. This is the hard part. Your original plan is most likely overly optimistic (try to avoid this, lest you make it completely unattainable). Understand that this plan must become a contract for you. If you start to miss milestones, you should use this plan to know when it's time to get out.

When you review your plan while executing it, if you are not meeting the milestones, you must create an action plan to complete the ORIGINAL plan. It's too easy to limit ourselves to half of our income expectations and say "well, I can still live on that" or "the business will change next month." Do not do it. If you can't make the original plan work, you need to seriously consider whether to abandon it entirely or create an entirely new plan that all stakeholders (including life partners) agree on.

I know it seems like I'm getting depressed and I want you to plan for failure…. Kind of. I don't know your business, and maybe you have a plan that will solve world hunger. If so, I want you to be successful. Success is not luck, not even the best idea in the world, but solid execution based on a sustainable plan. Sure, people can succeed hopefully. People win the lottery or beat the casinos, but this is their life, so plan it, execute the plan, and be successful.

Good luck!

Many people. For a business to be successful, it must fully focus on it. Many people can work while they started and work on setup, but then they need to fully focus. Some may work part-time to earn a living.

What you need is a plan. Do you have enough money saved to live (at least 6 months ... unless you are already making money from your business)? Have you done what it takes to protect your personal property? that is, incorporate? LLC status? Do you need liability insurance? Do you have your business plan in order? Have you determined if there is a demand for your service or

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Many people. For a business to be successful, it must fully focus on it. Many people can work while they started and work on setup, but then they need to fully focus. Some may work part-time to earn a living.

What you need is a plan. Do you have enough money saved to live (at least 6 months ... unless you are already making money from your business)? Have you done what it takes to protect your personal property? that is, incorporate? LLC status? Do you need liability insurance? Do you have your business plan in order? Have you determined if there is a demand for your service or product? Do you have business cards? Have you established a LinkedIn presence for your company? Do you have a website?

Membership in a networking group can help you too. It is also good to be a member of an organization related to the profession. You can often get liability insurance through them and meet and learn from others.

I've mentioned just a few things you need to get started. The key is to "be prepared."

I wish you the best.

I did it many years ago. He started a business, built it, but failed. I learned a lot, I started again. With the knowledge of my first attempt, I modified my approach. This time (along with others) I built a profitable multi-million pound business which I then sold to a Fortune 500 company. As Bill Liao said in his answer, it was not easy!

1994, I was 30 years old and had just met my future wife. Up to that point, I was single and had no responsibilities and in my career I switched between being self-employed and being employed. When I met my wife, I was a freelance financial agent working from home and earning enough to live comfortably, but as our relationship progressed, she was asking for more financial stability. I applied for various jobs and was offered a good job at a large bank as a mid-level manager.

The pay was good, I had a good team of people working for me, I was 10 minutes from home, and by all accounts I was building

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1994, I was 30 years old and had just met my future wife. Up to that point, I was single and had no responsibilities and in my career I switched between being self-employed and being employed. When I met my wife, I was a freelance financial agent working from home and earning enough to live comfortably, but as our relationship progressed, she was asking for more financial stability. I applied for various jobs and was offered a good job at a large bank as a mid-level manager.

The pay was good, I had a good team of people working for me, I was 10 minutes from home, and by all accounts I was building a good reputation within the bank, but I soon noticed a change in the industry and an opening that seemed too. good to ignore. The problem was that at this stage we were married, we had a mortgage and a child with plans for a second child, and my wife had stopped working.

I wrote a business plan while at work and then used it to try and find investors. I got cold response from people I knew and people I didn't know. Finishing the business plan gave me much more confidence in success given the market conditions at the time and I couldn't understand why it wasn't getting the push from investors. I started showing it to some of the people I was working with and was hoping to seek another perspective, maybe I was missing something. The general reaction I got was "It's a tough market, how are you going to compete with established brands?"

After 4 months of frustration, I decided to back myself up and quit the investors. It was risky and some at the time said it was irresponsible given my family responsibilities, but I was very confident. I set a start date (I still remember March 1998), now I had a deadline. I quit my job in February.

Over the next 12 years I assembled a core team of good people and together we built a business that at its peak had 80 employees and 20 offices. At age 39, a national publication printed a list of the 300 richest countries under 40 and I was at number 65. The same magazine printed a list of the 100 fastest growing companies in the country each year and the ours entered the list 3 years in a row, ranking at number 14.

After the GFC, the business was embroiled in a long legal battle and I sold it as a shadow of its heyday. I am in the early stages of starting over. I am wiser and more experienced, but the barriers to entry are much, much higher today than they were in 1998 and I am not as young as I was, but I have no doubt that I can do it again.

Hello, your question is; At what point do I quit my day job and dedicate all my energy to my side business?

Sometimes questions can answer a question better than answers. Let's try before offering 'my' answer, which you can use or discard.

  1. How important is self-employment to you?
  2. How important is "staying comfortable" to you?
  3. Will you get something different if you perform the same actions as you do now?
  4. If he quits, he is likely to starve, or our society has a 'safety net' that would feed him and that he could contribute to later, after he succeeds, whether he needs that safety net or not. (and
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Hello, your question is; At what point do I quit my day job and dedicate all my energy to my side business?

Sometimes questions can answer a question better than answers. Let's try before offering 'my' answer, which you can use or discard.

  1. How important is self-employment to you?
  2. How important is "staying comfortable" to you?
  3. Will you get something different if you perform the same actions as you do now?
  4. If he quits, he is likely to starve, or our society has a 'safety net' that would feed him and that he could contribute to later, after he succeeds, whether he needs that safety net or not. (And wouldn't that give you a great story of courage and conviction 'for your later years if you needed it?)

If your reasons for being successful outweigh your need to feel comfortable, or any other excuse you might be fooling yourself with, then you will work and run a mini business until you get tired of being tired of trying to focus on too many things. . And then he will leave his mini-business.

If you need help overcoming some fears or would like to receive a free week of training while building your courage to quit smoking, please let me know. I won't convince you to quit. That would be irresponsible of me. Quitting is your choice, but being successful is what I help people do.

Chances are, if you're like most new entrepreneurs, you've already made critical mistakes that you'll only discover in the next few years as things unfold.

Many of those "business threatening" mistakes are avoidable.

Too;

  1. Do you know the 5 details of the business and are you getting them in the correct order?
  2. Do you have a 'marketing strategy' or do you think cold calling, email, and brochures are the strategy?
  3. Do you think you need investors? You do not.
  4. Would you like to be a successful entrepreneur or do you agree with being mediocre?
  5. Does it make sense to receive guidance from someone who has walked the path you plan to walk?

The decisions are all yours and all your success depends on the decisions you make.

Not surprisingly, 95% of small businesses never become more than a job for their owners. They insist on reinventing the wheel.

Do you want old wheels or sports tires with flashy rims?

Please rate this answer if it has helped you progress on your journey.

Feel free to give us your opinion or continue our conversation in the comments.

Follow me if you feel that my answers will guide you to live a fulfilling life.

John verway

I was in a very similar situation when I started Gillware Data Recovery. He was a successful software architect with a healthy six-figure salary, but he was bored with software and did not enjoy having bosses.

At first I worked 40 hours in consulting and then another 40 hours in the side business. I'm a bit of a workaholic so that wasn't a big deal. The 40 hours in the side business never felt like a job, it still doesn't.

I was lucky that when I wrote / designed software for large companies, I did it as a consultant. I was twice lucky to be well above average.

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I was in a very similar situation when I started Gillware Data Recovery. He was a successful software architect with a healthy six-figure salary, but he was bored with software and did not enjoy having bosses.

At first I worked 40 hours in consulting and then another 40 hours in the side business. I'm a bit of a workaholic so that wasn't a big deal. The 40 hours in the side business never felt like a job, it still doesn't.

I was lucky that when I wrote / designed software for large companies, I did it as a consultant. I was twice as lucky to be well above average in that profession and to be able to perform the normal tasks of a 40 hour consultant in about 15 yo-hours. So I worked it out with my managers and worked less and less over time, until finally it didn't even make sense to work those 15 hours. This was to the chagrin of my IT pimp who was losing money on my stupid non-40 hour antics.

It is worth noting that I have never paid myself a CEO salary that is equivalent to what I earned as a software mercenary. More money to me means less happy employees or fewer employees doing all the fun things I want them to do. It is also worth noting that he was not married and had no dependents. If I'm honest with myself, I'm pretty sure I wouldn't be able to do it again, or at least not until my kids are off to college.

We are on this planet once. If taking risks and being your own boss is important and you feel driven to do these things, skip. This is the hardest part to analyze because you need to be truly honest about your personality and what makes you happy. Most people are not so happy at work, or at least they are much happier on the weekends. Those same people enjoy weekends and free time more because they can't really think about work at all and are only concentrating on their hobbies / friends / family. When you and your family's income come 100% from your own business, you can't turn it off, you'll think about it all the time, possibly even in your dreams. I used to dream of hard drives all the time. Sad. But for me everything is worth it.

I can tell you that I will never have a job where an old man with a stupid mustache with 40 IQ points less than me tells me what to do. Even if he's a perfectly nice man with a well-groomed mustache, that pays me an exorbitant salary. While I have never been considered a maverick, I know for a fact that if I ever need to, I can put together a winning team to tackle almost any industry. Trust has been earned by doing it more than once.

Ultimately, listen to your instincts. If that drive toward daily work dreads you, and if you start spending more and more time looking at your watch and thinking about your other job, it's time to move on.

I am planning to quit my job at the end of this year (about 10 days) and the last thing I want to do is regret it.

That is why I built a business that I am passionate about and hired a few clients, which helps relieve the pressure. I think that's why most people regret it.

They hope to have their own business, only to find that they are struggling to make ends meet. On top of that, all the unexpected managers that come with running a business can make it less glamorous.

In fact, I asked 39 successful entrepreneurs to share their advice for people who want to quit their job and manage theirs.

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I am planning to quit my job at the end of this year (about 10 days) and the last thing I want to do is regret it.

That is why I built a business that I am passionate about and hired a few clients, which helps relieve the pressure. I think that's why most people regret it.

They hope to have their own business, only to find that they are struggling to make ends meet. On top of that, all the unexpected managers that come with running a business can make it less glamorous.

In fact, I asked 39 successful entrepreneurs to share their advice for people who one day want to quit their job and run their own business. (I am planning to quit by the end of this year!). I have put together my 9 favorite.

  1. Make sure you have something that people really want or need; Talk to your potential customers, know who they are, and understand the problems you will solve for them.
  2. You must have an action plan and implement it every day. Tomorrow you are not going to have this huge profitable business. You have to show up every day and put in extra hours that add up to a great result! "
  3. Don't launch until you have a growing and sustainable number of paying customers. I learned this lesson the hard way and ended up having to move in with my parents just a few months after leaving a job and reckoning with the rapid success of the side business I had been working in at the time.
  4. Start your business one side first, if you can. Doing this will allow you to fully test your business idea, while still having the comfort, stability, and income of your full-time job.
  5. By moonlight in your afternoons before taking the final step, but remember that you will probably never feel 100% ready. Take the leap of faith before you are sure. Otherwise, it will keep changing the bar where it is "ready".
  6. Run a series of experiments and work with a qualified coach or mentor to reduce your learning curve. When you are ready to take a step forward, you will feel it deeply and be much more prepared for long-term success.
  7. Most people become obsessed with advice, travel, or techniques and follow these ideas to give themselves permission to quit their job and go around the world. I decided to hit the road. He happened to do a few scratches before I left. Here I am, 6 years later, still circling the world.
  8. Set a time frame that is reasonable but challenging to go with everything, and does not exceed 18 months. Within that time frame, force yourself to give it your all. It may seem like having a "stable" part-time (or even full-time) job is a safety net, but it will quickly become an anchor.
  9. Don't wait for the fear to "go away" because it never will. Don't commit to needing to know all the answers before you begin because clarity comes from taking action, not waiting. You can start acting when you give up the need to make it perfect; Each failure brings you much closer to your next success.

If you want to read the rest of the post, it's here: https://watchmequit.com/39-successful-entrepreneurs-share-one-tip-quitting-job-running-business

I have made my life surrounded and committed to many entrepreneurs. I like to hear about the tough times that made a difference and often comment on them. The following is a story from a similar entrepreneur who spoke about how his job forced him to leave and start his!

I do not want to reveal the name since he does not know it and it would not be correct to publicize it.

The boy is from a normal university in Ahmedabad. Despite the fact that the students at his university were not very actively involved in entrepreneurship or startups, he had a great fantasy towards the culture of st.

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I have made my life surrounded and committed to many entrepreneurs. I like to hear about the tough times that made a difference and often comment on them. The following is a story from a similar entrepreneur who spoke about how his job forced him to leave and start his!

I do not want to reveal the name since he does not know it and it would not be correct to publicize it.

The boy is from a normal university in Ahmedabad. Despite the fact that the students at his university were not very actively involved in entrepreneurship or startups, he had a great fantasy towards startup culture and that rise in risk factors. At his university he got involved in all the famous E cells in India and did his best to work and learn from them. He created his own site and tried to update all the knowledge he had in the form of blogs and even tried to popularize it. In his four years of engineering, he mainly did the following things:

  • He was a campus ambassador to 4 Indian E cells including IIM Bangalore and IIM Ahmeddabad.
  • Made a blogging website about local startups.
  • He read many business books, including The $ 100 Startup.
  • He established an Entrepreneurship Cell at his university and organized events for 2 consecutive years.

After 4 years, still inspired by the startup concept, he tried his best to get a startup job, but that wasn't easy for him, because he didn't have any technical skills and he was trying to prove himself with his experiences. He finally landed as a Product Manager in a Fin Tech startup.

After that, he worked hard. As a product manager plays a crucial role in building a team and letting work get done, he himself many times went on nights out and completed work that was never intended for him. Each and every goal was achieved on time and the start-up was working quite well.

But the market for every startup is quite crucial and challenging when a competitor with better features and unique interfaces emerges. Similar was the case between orkut and Facebook. When Facebook landed, just a few years later it surpassed Orkut used by 24 million people around the world. However, the startup was still trying to survive through its weak revenue model. Then came the time when some extra moves and stunts were needed to perform and risk the funds. This guy did a lot of research and finally came up with an idea. He presented it to the founders. After listening to their proposals and suggestions, they had a conversation. He specifically enlightened me about the following conversation:

Founder: I forgot, what university do you belong to?
Him: Sir, ********* college.
Founder: Have you taken any Financial Technology courses before?
Him: Not specifically sir, but I've done quite a bit of research and my experience says this model would work for sure.
Founder: We can't believe a person from a university… (hesitates a bit), and this model has never been implemented before and we cannot risk even a small percentage of our funds on such a scheme.

However, affected by the kind of conversation he expected after contributing so much to a startup, he again tried to produce some experimental data on his research. He tested a beta model in a market segment and even came up with facts worth implementing. He made another date and decided to put this in front of everyone.

One day before the day he was to present his model, he received an email from the founder.

"Hello sir. ******,

His designation will be demoted to Associate Product Manager and we have a new Product Manager joining tomorrow. He's an IIT Roorkee alumnus. "

Tear spilled from the eye of man. He stared at the screen for a while and hit the "reply" button and mailed his resignation in the same thread, CCing all members of the Board of Directors.

This is how the guy was forced to quit work.

So what, it was for his own fin-tech startup, he applied the same verified model and finally within 3 months after the financing he has one more market than the previous one he was working on.

He was summoned, by the founder himself, for the acquisition of the startup with his ... Rest did not mention.

There is no "right" time to do this, and it depends on the business you are starting. You may not have to quit your job to start the business, choosing to quit later when your business has enough income to support yourself and yourself.

Here are some factors to consider when making the decision for your own specific situation:

  1. Do you have six months of savings you can live on while setting up your business, assuming it can take that long to get your business to produce enough income?
  2. How much money do you need to start your business? How much money wi
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There is no "right" time to do this, and it depends on the business you are starting. You may not have to quit your job to start the business, choosing to quit later when your business has enough income to support yourself and yourself.

Here are some factors to consider when making the decision for your own specific situation:

  1. Do you have six months of savings you can live on while setting up your business, assuming it can take that long to get your business to produce enough income?
  2. How much money do you need to start your business? How much money will you need to keep running for the first six months of your life?
  3. Can you start your business while you still have your job? Can you develop leads and / or clients before actually opening the business?
  4. Do you have a written business plan? Some kind of plan, even for the smallest businesses, can make startup a lot easier and is critical if you want financial backing. An excellent resource for planning your business is the Small Business Administration (SBA), which has two excellent organizations under its umbrella: the Small Business Development Center (SBDC) and the Senior Corps of Retired Executives (SCORE). They can be found online and have offices across the country. Their services (business plan consulting, marketing training, creation of a legal entity, etc.) are free and low-cost, can help with your specific situation, and are available not only for startups, but also for existing companies,

I hope this information provides you with some guidance on how to start your business without undue risk. We wish you every success in your business!

This is an excerpt from my journal the day I left my job, more than two years ago.

I left PwC. The dream company of merchant children around the world. I kicked him and spat on him, and just in case, I also gave him a couple of hard blows to the shin. It was a leap in the dark, a leap into the void without a harness.

What if I fall?
Oh my dear. But what if you fly?

Stupid writers with their stupid, motivating, encouraging, and invigorating quotes that empower dumb bookworms too in love with them to know better.

So what's next? People ask me with a raised eyebrow and a smile. Where does it go next?

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This is an excerpt from my journal the day I left my job, more than two years ago.

I left PwC. The dream company of merchant children around the world. I kicked him and spat on him, and just in case, I also gave him a couple of hard blows to the shin. It was a leap in the dark, a leap into the void without a harness.

What if I fall?
Oh my dear. But what if you fly?

Stupid writers with their stupid, motivating, encouraging, and invigorating quotes that empower dumb bookworms too in love with them to know better.

So what's next? People ask me with a raised eyebrow and a smile. Where does it go next?

Good question, I say. I swallowed a lump stuck in my throat. If only I knew ...

In a moment of cruel indifference rage, I reached a breaking point and took wild pleasure writing the email.

I'm sorry to inform you but for personal reasons I have decided to leave this company ...

I imagined the reader suffering somewhere, mourning their loss, rolling in their beds at night, wondering where they went wrong. Pure flimsy, of course, something that even my irrational mind recognized at the time. But even if I felt myself cutting my nose to annoy others, it felt good. Guy. It felt good.

I didn't realize it until two weeks later, when they took my laptop, confiscated my identity card, blocked my access, took the bag and emptied all my things into an impersonal envelope. Bye. Your salary will be processed at the end of next month. Not even courtesy of an exit interview. Twenty-five people quit smoking that day. One hundred a week. Maybe they were tired of the simulation.

Today is my first official day of unemployment. I have big plans to work with a startup.

I hope to read this again in a few years and smile at my naivety. And don't be surprised how well everything turned out. How all my fears and sleepless nights and near panic attacks were in vain.
At least that's the hope.

Edit: Almost two years to the day, I am running a successful content marketing agency. Being an entrepreneur is exhausting and the most stressful job in the world.

But I don't have a single day of regret.

MANY PEOPLE HAVE THE URGENCY to ditch the 9-5 routine to live the dream and be their own boss. In this dream, there is no fixed annual salary, and the sky is the limit for income generating potential.

Are you ready to be your own boss? For some, franchises may be the answer. A franchise investment offers a ready-to-go business model, along with training, guidance, and support.

In recent years, the financial record of franchises has been strong. Franchise businesses are growing faster than non-franchisees so far in 2016, according to the International Franchise Association. For the past

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MANY PEOPLE HAVE THE URGENCY to ditch the 9-5 routine to live the dream and be their own boss. In this dream, there is no fixed annual salary, and the sky is the limit for income generating potential.

Are you ready to be your own boss? For some, franchises may be the answer. A franchise investment offers a ready-to-go business model, along with training, guidance, and support.

In recent years, the financial record of franchises has been strong. Franchise businesses are growing faster than non-franchisees so far in 2016, according to the International Franchise Association. Over the past five years, average annual job growth in the franchise industry was 2.6 percent, nearly 20 percent higher than other companies.

The franchise business is on fire these days, my ideas for the best franchise as I look forward to this period of time is the company, which is achieving day-to-day success due to its work ethic and responsibility to satisfy. the needs of customers at the time. The best franchise I'd like you to take is Phixman. One of the most intriguing firms in India.

They are better because: -

  • Significant capital is required.
  • Large overload.
  • Used borrowed capital must be repaid.
  • Great time and expense requirements.
  • Management issues related to scope of control, demands for supervision, difficulty in hiring and maintaining competent managers.

If you have a smartphone and a laptop, well, considering today's world, you certainly do, in that moment you have come to the right place! Phixman reclassifies the word 'settle down' making it even more simple, compelling, competent and within the reach of a considerable number of mortals, who thought that repairing a telephone or a workstation might be the most notable bad dream of their lives. Phixman started with a plan to influence the smartphone to be fixed in the blink of an eye and this is the area where we exceed expectations. In the event that your Smartphone or Laptop has a damaged screen, missing parts or any problem that is influencing its sporadic operation, the 'Phix' for you. We are not limited simply to smartphones; we repair tablets as well. The best bet with Phixman is that we deal with all the smartphone and laptop brands that are available in the Indian market today, with unbeatable rates and quality. Simply give us a call and our officer will be comfortable at the entrance to pick up your smartphone or laptop in need of repair. Unlike other repair shops, where you need to sit for 2-3 days to install your smartphone or PC, the Phix we fix it for you in one day and that's too under warranty; and this incorporates major brands such as potential clients of Apple and Samsung. There is nothing we cannot do about smartphones and laptops. Simply give us a call and our officer will be comfortable at the entrance to pick up your smartphone or laptop in need of repair. Unlike other repair shops, where you need to sit for 2-3 days to install your smartphone or PC, the Phix we fix it for you in one day and that's too under warranty; and this incorporates major brands such as potential clients of Apple and Samsung. There is nothing we cannot do about smartphones and laptops. Simply give us a call and our officer will be comfortable at the entrance to pick up your smartphone or laptop in need of repair. Unlike other repair shops, where you need to sit for 2-3 days to install your smartphone or PC, the Phix we fix it for you in one day and that's too under warranty; and this incorporates major brands such as potential clients of Apple and Samsung. There is nothing we cannot do about smartphones and laptops.

Phixman is a total bargain, go for it!

If we talk about digital business, I see two ways to launch the one that has minimal risk, which means that you can keep your current job and continue with your business idea.

Stages of the first way:

  1. Select your area of ​​expertise and / or your greatest interest. That will be your market.
  2. Create your own community or find the network. That will be your target audience.
  3. Create value for them. Either observing their problems or finding an opportunity.
  4. Put your idea to the test: create a landing page (or other POC, prototype), share it across your network, and collect emails from people who expressed an intention.
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If we talk about digital business, I see two ways to launch the one that has minimal risk, which means that you can keep your current job and continue with your business idea.

Stages of the first way:

  1. Select your area of ​​expertise and / or your greatest interest. That will be your market.
  2. Create your own community or find the network. That will be your target audience.
  3. Create value for them. Either observing their problems or finding an opportunity.
  4. Put your idea to the test: create a landing page (or other POC, prototype), share it across your network and collect emails from people who expressed interest, conduct a survey validating the problem and solution.
  5. Make a hypothesis about your business model and its core functionality. Basically, you need to understand what a unit of sales is, volume (# orders * # customers), and your initial + fixed costs with variable costs, as well as what functionality would create value for your audience with the lowest possible costs. That will be reviewed with the pace of creating your product and gathering more information.
  6. Build it and sell it according to your business model.

Otherwise:

Build your community first. That will give you the opportunity to sell quickly and cheaply through social media. There are even startups on the market that are willing to find you suppliers and fulfill shipments for you.

I hope that helps.

If we keep track of the life of an average educated person, the financial script usually looks like this:

The boy goes to school, graduates, finds a job, and soon has some money to spend. The young man can now afford to rent an apartment, buy electronics, new clothes, some furniture, and of course a car. The bills start to arrive soon.

One day, the adult meets someone special and the sparks fly. They fell in love and they married. For a while, life is happy because two can live as cheaply as one. With just one rent to pay, they can afford to set aside a few dollars to buy a young couple's dream.

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If we keep track of the life of an average educated person, the financial script usually looks like this:

The boy goes to school, graduates, finds a job, and soon has some money to spend. The young man can now afford to rent an apartment, buy electronics, new clothes, some furniture, and of course a car. The bills start to arrive soon.

One day, the adult meets someone special and the sparks fly. They fell in love and they married. For a while, life is happy because two can live as cheaply as one. With just one rent to pay, they can afford to set aside a few dollars to buy every young couple's dream - their own home.

They find a house, take their money out of savings, and use it for the down payment. Now they have a mortgage. Because they have a new house, they need new furniture, so they find a furniture store that advertises those magic words: “No down payment. Easy monthly payments. "

Life is wonderful, and they throw a party to invite all their friends to see their new house, new car, new furniture, and new toys.

They are already deeply in debt. Then the first child arrives.

After dropping off the child at daycare, this average couple must now put their nose to the grinding stone and go to work.

They are trapped by the need for job security simply because, on average, they are less than three months away from financial bankruptcy.

These people will often say, “I can't afford to quit smoking. I have bills to pay, ”and I ended up working.


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