Tell me how come?

Re: [spiers] Tell me how come?

> In fact, I keep trying to figure out ways to
> hang on to my day job while trying to get something
> else going. I don't know if hanging on to the day job
> is wise or possible. Have you or John known anyone
> who has?
>
> Anthony

"Moonlighting" is always the preferred way to get started, if you are
pursuing a business where that can work (i.e. can be done part time while
holding a day job). The advantage of moonlighting, of course, is cash flow.
You will not need to eat up savings -- or go in debt (again, depending upon
the type of business) -- while you work toward breakeven . Perhaps even more
significant, is access to reasonable-cost health insurance, and the ability
to get loans (very tough the first three years in a self-employment
situation, without pledging significant collateral.) If you have a cushy day
shop and steady job history, bankers like that.

A situational step up, of course, is a supportive spouse, who is willing to
dig in and support the family, to cut you free full time to grow the
business. In exchange, the carrot for her few years of extra hard work, is a
more lucrative future and flexible lifestyle (assuming you are successful,
sooner or later;-)

I would assume you can moonlight fairly easily in the import-export business
(which I have only dabbled in), so John may suggest a scenario where that
would work for you.

Good luck Anthony! Sounds like you have the entrepreneurial fever.

Don't retire on "Someday Isle". Sooner or later we are all worm compost --
what are you trying to do.... get to death in a secure fashion? The best
time to start a small business is always "RIGHT NOW!". Ready, Fire, AIM. If
you wait until all your ducks in a row and you know EXACTLY where you are
going, the target will have moved. What is your business, and what will your
baby steps be? (Understanding that you will fall down a few times as a
natural part of the learning curve.)

Malcolm

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