While we took the route of quitting our jobs at HP and Microsoft to start our own business, this article I found on digg.com talks (link below) about 5 ways to use your current job to launch your new venture.
Since we decided to take the quitting route, I thought I’d comment on a few of our decision points (since they somewhat relate to the articles):
- Knowing how we work, we decided that doing something on the side would not give the venture the time it deserved. We figured, if you’re going to do it, then do it right and well.
- We figured that we had enough saved up to last enough time to determine if we have something worthwhile.
- We decided that with our venture, we didn’t need or want seed money. According to our analysis, we think we can launch it on our own funds and soliciting venture funding opens up a whole new bucket of things to deal with. We’d rather concentrate on building our product.
Of course there’s no right or wrong way to do it. If you’re thinking about doing it, just weigh all the options, do some planning, and have the confidence in yourself to follow through either way.
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on May 3rd, 2006 at 6:12 pm
Planning is definitely the key, no matter which pathway you choose to get to the end result of owning your own business. In my own case, I was making plans to step up my freelance ventures while gainfully employed when my department was eliminated! Luckily I had already started the process and was able to look at my termination as a catalyst to move on, a little thump from serendipity, I suppose. The first thing I did was apply at Know More Media…lucky girl, I got not just one, but two blogs! SmallBizMentor and Workerette.com have already introduced me to great folks, with more to come, I’m sure!
on Sep 16th, 2008 at 6:29 pm
I agree, planning is the key. We started our business when I was still working full time. The goal was to have it well off the ground before the baby came and our income was halfed.
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