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Old 01-12-2010, 12:55 PM   #29
firstdown
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Join Date: Oct 2004
Location: chesapeake, va
Age: 62
Posts: 15,817
Re: start your own business

Quote:
Originally Posted by BleedBurgundy View Post
IT Consultant. There's ridiculous money to be made, but I can't convince myself to take that leap...
Get your ducks in order and go for it. Its a risk and figure working every minute you have to get things off the ground but one day you will look back and know it was the right thing to do. I'd say one of the biggest problems people have when opening a business is having enough saved to go several years without an income. When I opened my Ins. Agency I had enough saved to live 2 years without any income but I did start making money after 6 months. Not enough to live on but it was a start and things where up and running after about 1 1/2 years. In my business most who fail do so within the first year or two before they can see a return on their hard work. Its really in the 3rd and 4th years when you can actually see a decent income.
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