1. This website uses cookies to improve service and provide a tailored user experience. By using this site, you agree to this use. See our Cookie Policy.
    Dismiss Notice

When to start doing your own business or work? Is it right time? How to know it?

Discussion in 'BlackHat Lounge' started by beastkay, Nov 28, 2018.

  1. beastkay

    beastkay Jr. VIP Jr. VIP

    Joined:
    Sep 20, 2018
    Messages:
    494
    Likes Received:
    149
    Gender:
    Male
    Occupation:
    Learning Witchcraft aka IM
    Location:
    Hogwarts
    I'm frustrated by working for someone else so should I start working for myself?

    The business which will be only mine and my partners.

    What should I do?

    Should I Stop and wait for lot of things like capital, idea or team mates OR I should start by myself because I know I can do it.
     
  2. randomaccount

    randomaccount Newbie

    Joined:
    Nov 27, 2018
    Messages:
    1
    Likes Received:
    0
    Gender:
    Male
    If you are certain you will be more productive and more financially rewarded by running your own business then go for it, other wise stick with your employer.
     
  3. share4win

    share4win Power Member

    Joined:
    Jan 2, 2014
    Messages:
    786
    Likes Received:
    219
    Location:
    In Earth near by you...
    Same confusion here...but, the best time to do the right thing is not today...it's "Now" ...so take action, keep moving.
     
  4. beastkay

    beastkay Jr. VIP Jr. VIP

    Joined:
    Sep 20, 2018
    Messages:
    494
    Likes Received:
    149
    Gender:
    Male
    Occupation:
    Learning Witchcraft aka IM
    Location:
    Hogwarts
    Obviously I'll be more productive because at that I'll be working for myself and that's how the natureof human works.
     
  5. iloveubanij

    iloveubanij Power Member

    Joined:
    May 31, 2017
    Messages:
    504
    Likes Received:
    157
    Gender:
    Male
    Occupation:
    Anonymous
    Location:
    Anonymous
    Time management

    Work Schedule

    Brainstorming activities

    Chill time too!

    Don't forget these activities to add while working for yourself
     
    • Thanks Thanks x 1
  6. Total Noob

    Total Noob Jr. Executive VIP Jr. VIP Premium Member

    Joined:
    May 10, 2009
    Messages:
    2,262
    Likes Received:
    2,367
    Location:
    Florida
    [​IMG]

    Stop being a slave.

    Free yourself of your shackles.

    Quit now.

    Send the email, make the call.

    Do it now.

    Don't look back.
     
    • Thanks Thanks x 2
  7. iloveubanij

    iloveubanij Power Member

    Joined:
    May 31, 2017
    Messages:
    504
    Likes Received:
    157
    Gender:
    Male
    Occupation:
    Anonymous
    Location:
    Anonymous
    Inspiring
     
  8. linkshake

    linkshake Jr. VIP Jr. VIP

    Joined:
    Feb 2, 2016
    Messages:
    123
    Likes Received:
    34
    It's best to develop your business without leaving your current job. That will help you make rational business decisions and not panic-induced moves because your savings are taking a hit.
     
    • Thanks Thanks x 1
  9. adeniyi faith

    adeniyi faith Regular Member

    Joined:
    May 15, 2017
    Messages:
    336
    Likes Received:
    67
    Gender:
    Male
    Occupation:
    BHW member
    Location:
    West
    Home Page:
    Before leaving your current work ask yourselves this questions:
    1. Do I have enough saving to fall back on?
    2. How fast can I scale to meet up?
    3. Do i have any ideas to start with?
    4. How much will i invest on my idea before I can make so something?

    Do you have the answer for these then decide wisely but remember in 1994 Amazon's Jeff Bezos was faced with the biggest decision of his life: should he quit his “well-paying” job as NYC hedge fund manager to create an online bookstore.. or should he stay put?

    A decision changed his life it could also change yours..
     
  10. Vintage Wolf

    Vintage Wolf Newbie

    Joined:
    Nov 26, 2018
    Messages:
    40
    Likes Received:
    14
    Occupation:
    Internet Marketer
    Location:
    Wonderland
    By opening your own business, you're subject to your own high risk decision.
    Not trying to scare you, but always prepare for the worst.
    Think:
    1. How long can my money last if my business not working out?
    2. What is my plan B if it fail?
    3. Can i live under stress? (A lot of people can't, you're going to be in a lot of stress by making your own startup business/company, and i know a few people who after trying to make a living by freelancing or making private company go back to their ex-boss asking for work.)
    All in all, there is nothing wrong by trying to get a better life, but the road is harsh, if you can go through that road, you will be happier. :)
     
  11. Soto

    Soto Newbie

    Joined:
    Jan 2, 2018
    Messages:
    20
    Likes Received:
    8
    When i started my first business i decided to save up enough to cover my essentials for a year. I also made sure to have a back up job in case it all went to shit

    Best decision i ever made but when/how you start is entirely up to your stress tolerance and game plan
     
  12. krishnaverma

    krishnaverma Jr. VIP Jr. VIP

    Joined:
    Nov 16, 2011
    Messages:
    5,846
    Likes Received:
    2,512
    Gender:
    Male
    Occupation:
    IM
    Location:
    Earth
    Home Page:
  13. beastkay

    beastkay Jr. VIP Jr. VIP

    Joined:
    Sep 20, 2018
    Messages:
    494
    Likes Received:
    149
    Gender:
    Male
    Occupation:
    Learning Witchcraft aka IM
    Location:
    Hogwarts
    I'm also looking to do it alone but don't have enough backup to back my things up but I'm still thinking to gave it a shot!
     
  14. MinerJ

    MinerJ Registered Member

    Joined:
    Nov 12, 2018
    Messages:
    73
    Likes Received:
    15
    Gender:
    Female
    Occupation:
    Business developer
    Home Page:
    Step 1. Business idea
    Step 2. Market analysis
    Step 3. Planning a business
    Step 4. Search for money for business
    Step 5. Register your business
    Step 6. Taxes and Reporting
    Step 7. Business development
    Step 8. Active promotion
    Step 9. Scaling
     
  15. loggerhead

    loggerhead Newbie

    Joined:
    Nov 13, 2018
    Messages:
    5
    Likes Received:
    8
    The reality is that any business that you start is not going to work and highly likely to lose money, hell even the next 5-10 businesses you start will not work out, but eventually you will get a hit. So my suggestion is keep your job and work on the business on the side until you can find one that makes more than what you make now.
     
  16. uncutu

    uncutu Elite Member

    Joined:
    Aug 6, 2010
    Messages:
    1,966
    Likes Received:
    1,214
    Work the day job and do IM in your free time. Safest bet. It's the route I and may others went. Once you find your working method, quit the day job. What happens if you quit the job and find out you can't make money online. I wouldn't bother with a teammate unless they know more than you. Or have more dedication than you. 99% it is waste of time because other person isn't serious.
    Lots of methods on bhw don't require any or very minimal capital. Domain + hosting is under $20 and traffic can be free.
    It's stupid at the start imo to buy llc, expensive logo's, designs services, high end tools, etc....before you even get traffic. You don't need it at the start. First prove the method is working then go for the expenses. At minimum you need .com domain and if you don't have ten dollars for that your problems won't end there.
     
  17. beastkay

    beastkay Jr. VIP Jr. VIP

    Joined:
    Sep 20, 2018
    Messages:
    494
    Likes Received:
    149
    Gender:
    Male
    Occupation:
    Learning Witchcraft aka IM
    Location:
    Hogwarts
    that is what I'm doing right now and thinking to do it till got my im method!
     
  18. intiims1132

    intiims1132 Jr. VIP Jr. VIP

    Joined:
    Dec 20, 2014
    Messages:
    531
    Likes Received:
    192
    Occupation:
    Affilliate
    Location:
    Europe Union
    The faster you start your own thing the faster you will reach your goals :)
     
  19. beastkay

    beastkay Jr. VIP Jr. VIP

    Joined:
    Sep 20, 2018
    Messages:
    494
    Likes Received:
    149
    Gender:
    Male
    Occupation:
    Learning Witchcraft aka IM
    Location:
    Hogwarts
    thanks for the motivation
     
  20. beastkay

    beastkay Jr. VIP Jr. VIP

    Joined:
    Sep 20, 2018
    Messages:
    494
    Likes Received:
    149
    Gender:
    Male
    Occupation:
    Learning Witchcraft aka IM
    Location:
    Hogwarts
    But it is going to take time because the things I'm in right now will take time.

    Age really matters?