In my last job, I was an “owner,” at least by title and document. This had its advantages and drawbacks. One of the advantages was an eligibility to be a part of EO. My old place didn’t have the income requirements for full membership (it was also founded in 2008), so I was put into the “accelerator program,” which was more of an education tool to help businesses get to the minimum requirements for full membership.
One f the things they talked a lot about was owning a business versus owning a job. The premise is pretty simple – if you aren’t there, what happens? If everything hinges on the business owner, they are tied to it. Although the benefits and rewards can be different, the fact is: its another job.
It gets worse if you simply “strike it off on your own,” which is what I have done. Somehow, out of the gate, I have done pretty well. This is in the midst of several life changes, including boo-hooing for months over some girl that really didn’t love me anyway. I’ve been distracted and self –destructive, and I feel like the fog is just now thinning out.
Somehow I’ve kept things afloat, but I really I have just been working for myself. There are a lot of freedoms to that, but I don’t really see this as my end game. Several People have congratulated me, wishing me good-luck on my entrepreneurial adventure. Honestly, so far, it hasn’t been one: I’ve surprised myself by maintaining my living without a job, which is pretty cool, but now… I feel like its time to build something..
Next year is already looking really good. However, as I look at it and get excited about the opportunity that awaits, I still haven’t figured out how to scale the business – it can’t be completely about me. Its daunting to think about the expenses of all of that – office space, medical insurance, salaries… At least I’m not out looking to buy a factory and dealing with raw materials, inventory, etc… So honestly the barrier to entry isn’t that high. But its still a lot for someone who is earning his own way. But I’ve decided to focus on it. Step by step.