2012 wrote:young wrote:I am contributing to this topic because @2012 said the pay is good, so we are in the same shoes.
Take my case for example, I do not enjoy my job
even though the pay is very good and I was centering all my investment on stocks.
By staying a little bit longer on the stupid job I learnt about real estate as a good alternative, I need time and money to build up my real estate portfolio to a reasonable extent before I quit.
i need ONLY the money from the job to plan my exit, I do not care about promotion or office politics as my consolation is that my years in paid employment is numbered.
It is like happily serving a prison term !!!
Thank you young. I always value your contribution and I can tell you know where I'm coming from. Thank you all, I can see you all know what I feel.
I have savings to last me through 6-8months. I work in a service oriented industry and I know I'm very good at it. Although I'm paid well, I make my employer 10 times my salary. I arrange my meetings with clients go in and make the money, my employer never attends unless there's a problem and I can't remember the last time there was one.
I want to open a business in the same line targeting SMEs unlike my employer who's target is top end corporates. Basically I help grow businesses and brands.
Although there's immense fear my spouse and I agree it is the right time to step out now when I have energy and still young (30s) than trying out after I retire. My difficulty is that for me to establish I need to be there 100% as it's a service and maybe teach an employee the few secrets that will give us the edge. That said, my biggest fear is losing my family medical cover but I think I can get a cheaper one. Thank you all.
My opinion is to go for it!
1.You seem to have a good working knowledge of your work area. You may want to start selling yourself to prospective clients before "go live date" and ask for referrals (if you haven't already). I would advise that these need not be your employers clients
2. Your spouse supports your decision and you have savings / alternative household income.
3. you sound confident about the prospects in the SME market... i generally agree.
4. You want to do something that you know about... most ppl just wanna quit and they get into biz they know nothing about... eg. retire and buy a few matatus!!!
5. You know you will do it one day... waiting may / may not help. Napoleon Bonaparte said "space we can recover, time never". Do an honest Cost Benefit Analysis of
Time lost by waiting another year vs.
various risks of doing it now.
"I'd rather be lucky than clever... every time!" - ME
"The problem is not what we don't know... it's what we know for sure that just ain't!" - MARK TWAIN
"Space we can recover... time never!" - NAPOLEON BONAPARTE