Jumping Ship
Out of context: Reply #10
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Depends on what your expenses are. I've debated the same thing many times, particularly with the economy since 2009.
There's not a 'right' answer. Personally, I crave the 'hope' that comes with having your own company - ie things can go up exponentially the next day. You can dream. I also would prefer to work more, but have flexible hours.
Working for someone else you have stability (kinda, I know many that would say there isn't stability anymore), but no dream. You get your pay check, maybe hope for a promotion or bonus, but that's about it.Oversimplified, but that's more or less how it breaks down.
The one thing that is for sure is that "success" takes luck. That might happen in 5 minutes, 5 years or never. Plenty of horrible companies with no talent out there that are super successful, plenty of talent out there that just never got a break.
Perseverance is part of the equation, but only part. I don't have a stomach to bet every penny, but I am fine with risk and some ups/down. All about your personal limits and expectations.
Lastly, consider taking some time to evaluate business, your model, and markets. Sometimes it is good to take some classes (Small Business Development/SBA has some great classes, free consultation, etc.), get another angle on how to market, get new business, etc.
Lastly again...depends on your age too. If you are mid 20's you can do anything 10 times, if you are mid 40's, you probably won't.