Ever fancy a change?

Ever fancy a change?

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Discussion

john_p

Original Poster:

7,073 posts

256 months

Sunday 4th April 2004
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Anyone ever get the urge to do something different?

Even if you have an established business, that ticks over OK, you feel the need to do something else .. it practically runs itself, day-to-day it's getting boring and nothing really motivates you too much?

Currently debating what to do and have the option of starting up a new business with some mates .. not sure whether I'm just being silly though

Antwerpman

835 posts

264 months

Sunday 4th April 2004
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Well you are certainly not alone with the feelings you have.

I would say if you have the chance to get in to something which makes your working life more exciting/challenging/enjoyable then do it. Too many people dont have the chance or dont take it, dont be one of them.

Good luck!!!

PetrolTed

34,443 posts

309 months

Monday 5th April 2004
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If it's viable (make sure it is - plenty of dreamers about!) then go for it!

simpo two

86,741 posts

271 months

Monday 5th April 2004
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Could you start in it your spare time and see how it goes, then jump ship accordingly?

john_p

Original Poster:

7,073 posts

256 months

Monday 5th April 2004
quotequote all
I think so. All comes down to startup costs now of course

apprentice

1,219 posts

266 months

Monday 5th April 2004
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PetrolTed said:
If it's viable (make sure it is - plenty of dreamers about!) then go for it!


Ted...
Was taking on PH originally a dream or was it viable?...

furby

378 posts

252 months

Monday 5th April 2004
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Similar position myself. As much as I do enjoy what I do, to a level, I have the opportunity to start something new with friends and run it alongside my existing company.

As with all things, cash is king, and start ups need cash.

But as otehrs say, do it if you can, i certainly will do if it proves viable and we get the funding sorted.

PetrolTed

34,443 posts

309 months

Monday 5th April 2004
quotequote all
apprentice said:

PetrolTed said:
If it's viable (make sure it is - plenty of dreamers about!) then go for it!



Ted...
Was taking on PH originally a dream or was it viable?...



A dream which I pursued alongside my day job before taking a calculated punt with reserves to fall back on if it didn't work out.

Davel

8,982 posts

264 months

Monday 5th April 2004
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Constantly want to try something new in addition to existing business.

I have the funds now but its just choosing the right venture....

Before I had all the ideas but not the cash, now I have the funds but am wary of investing it badly!!

simon818

94 posts

248 months

Monday 5th April 2004
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This is an interesting point, I pondered for ages, by chance discussed it with a friend of a friend and joined in what he was doing. Now it is my full time income and looking good for the future.
Not supposed to mention fine details on here so if anyone is interested further, please reply.

Simon

>> Edited by simon818 on Monday 5th April 14:42

apprentice

1,219 posts

266 months

Monday 5th April 2004
quotequote all
It is not sufficient merely to be good in your own field of work and feel confident that you can do better than others.

But moreover you require a realistic business plan, the desire and sometimes sheer dogged determination to follow it through, ability to work on your own initiative, self motivation and ability to cope with a somewhat lonely existence in the early stages, not too proud to take advice when needed, ready to take some knocks - pick yourself up and then learn from them, prepared to dilgently be involved in all aspects of the business - even the mundane and boring!...and last but not least have a good funding base and take onboard very early on that cashflow is very much king!!

Done it myself, its an exponential learning curve bar none and it was the most satisfying and rewarding period of my working life!! (Aside from working with Adrian Blyth... of course!!)

apprentice

john_p

Original Poster:

7,073 posts

256 months

Monday 5th April 2004
quotequote all
Just to clarify, I am director of a company I started up with family 4 years ago. It runs fine and provides a good income but despite this I don't enjoy working on it any more. I think one of the main reasons is that it's no longer a challenge; the IT infrastructure I've set up over the years now pretty much runs itself, for example. Ideally we'd sell it but that doesn't appear to be an option right now.

Next is the political problem of informing fellow directors of my plans not that it'll stop me either way but it sure makes things awkward.