Swap Jobs or Start Buisness...

[Teocali]

Hi all,

To give a brief background I am an engineering graduate who found during my degree I would much rather run my own buisness and hence started and set up my own flood defence company in my final year.

This was the most challenging and rewarding task I have ever done, learnt so much and felt really positive about the idea... then just as I was about to commit to raising the funds to test the idea a near identical product was launched. Game over.

This meant I rushed into teh first job I was offered and as such I have found a place with no interest in my career development and as a manufacturing plant probably wont be here in five years time.

The dilema is I either try agian with my own buisness whilst staying put although I have no unique ideas as before, or I apply for several jobs which appear to be more interesting with a better salary.

Apologies fo rthe length of the above - my council so far has turned up the advice 'whichever you think best' !!!

Thanks for reading,

Sam

[Eric Mc]

Done any market research?

GFound potential customers?

[Teocali]

Eric Mc said:

Done any market research?

GFound potential customers?

There is no one buisness or eureka idea I have but I can think of several IT based tasks such as Web Site and Database design which I could pursue as a sideline to my current Job until a better idea arrives.

However should I move jobs I would loose a large amount of my spare time.

Regarding market research, I'm fairly confident I can sell the above at a basic level until my skills progress.

I presume you have your own Buisness? If so when do you feel the time was right??

I can recieve large amounts of positive comments but seem to stall before trying, seems to be more lack of guts than lack of ideas...cant be a good sign!!

Thanks agian,

[Eric Mc]

I'd do as much as I could to develop any ideas you have whilst keeping your income generating main job - if at all possible. But, then again, I'm a naturally cautious accountant.

(Think Leopold Blum in "The Producers" )

[siscar]

Teocali said:

I presume you have your own Buisness? If so when do you feel the time was right??

For me the right time was when I could afford to take the risk, we could live off my wife's salary so I could not earn for a while, the key was not to lose money. So I started looking for people who needed bespoke software designing and building, paid my way for a while doing that until one of them proved to be an application I could resell to others and the company grew from there.
So for me it wasn't a eureka moment, just a combination of circumstances that made it possible.