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I spend a lot more time "working" then I ever have before as well. I work probably 80 hours per week or more, including weekends.
It has its rewards, but also has its down side. I never tell people I work for myself though. People usually assume it means you are broke, poor, unemployed or whatever. Or it ends up with a stupid conversation on "how can I start my business" in which they quickly lose interest - because they didn't even begin to think about what it really takes.
What's funny is that they start to get glossy eyed when you say that it means less time off, less vacation/sick time, less pay (at first), etc.
"So where are you working now?.....WHAT?!"
seems to be the common reaction. The same thing happened last time I wasn't employed, five years ago. Like I didn't take check to see if I had enough money to eat first.
Chalk it up to a puritanist cultural vestigial reaction or something. More likely jealousy.
The two parts that helped us actually do it:
- We got some seed funding
- We realized that the worst case scenario was equivalent to the status quo
My wife also mentions our son as a motivating force. It helps you realize that even if you lose a house, you'll still have your family. It makes you reprioritize and get the focus you need to start a business.
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A month before I left I let my close colleagues know. Word spread quickly. I got the same questions. And I also received a stream of colleagues, many of whom had viewed me warily as a competitor, who filed through my office and treated me like a therapist as they unburdened themselves about how unhappy they were.
To a person each of them told me that he/she could never do what I did. I asked "Why not?" Each replied that he had too many "obligations." These boiled down to steep car and house payments, private school tuition for children, consumer habits that demanded high cash flow and, most of all, the fear of losing the status they perceived their jobs held.
The unspoken undercurrent, however, was insecurity. Each appeared to view adulthood as a stream that one tries to ford as a nonswimmer by stepping gingerly from stone to stone in whatever pattern such stones are arranged.
I decided to test the water for a while and bask in the sun. I'll head back to work this year and have the utmost confidence that recession or no I will find fulfilling work because I'm good at what I do. Most of all, I have no problem saying "no" to inappropriate jobs and environments. So I'll have no problem. Thank goodness I am American and not European. We truly live in the land of opportunity.
After starting my company, I knew I had to be be successful as I knew what were my options? Don't use credit cards unless you know your customer is "REALLY" going to pay you.
I had many long nights and sleeping on the floor of my office but after 10 years I can look back and say I had a dream and went with it.
The only thing that sucks is after you bust your balls you have to deal with the taxes/paper work even if you don't make money and dealing with fed/state/local governments
Bonus! I know my Boss is a real a-hole!.
Now I set my own schedule, take the kind of work that I either find enjoyable, lucrative or socially responsible. Sometimes it can be all three!
Good luck, you won't regret the decision.
And for those who wonder about how you would survive some mid to high level health/financial catastrophe, well, its not as if being unhappily employed is any insurance against stock market collapses and/or leukemia.
Badger
My dad to this day still checks the classifieds for me, and calls when he has a "tip". The thing of it is, they are are all jobs where I would make about the same money as I do now, but I would have to work 40-60 hours week.
I make as much money as I did at my last job, and work about 1/4 of the hours.
I thought about getting a job in my specialty and even got to the third interview when I realized that I had no ambition to wear another tie unless I was attending a wedding or a funeral.
I was already retired from the USAF so I had some limited income and a health care plan slightly better than bartering for services so I became a private investigator. I went from $75+K to $19K last year.
My blood pressure’s normal, my stomach quit hurting and I treasure playing with my dog slightly above work.
The only real problem is that people I do work for apparently consider me to be at least semi-competent and start recommending my services to others. Since I only work for people I like I’m reluctant to disappoint friends by turning them down. A sense of manners instilled in me by my southern grandmother and enforced by a vicious knuckle leaves me almost incapable of being rude to friends; sigh.
Regardless, I love it. I work when I want (mainly cargo theft) call everyone by their first name whether they like it our not, call a--holes “a--hole” to their face and I’m having as much fun now as I did when I was 21, jumping out of airplanes.
I suspect that I’m more “semi-retired” than you even though I had no intention of retiring quite so soon.
Good luck, enjoy your life, spouse, child and dog; those are the really important things in life.
Starting my own business has been a tremendously positive experience. Several of my former colleagues thought I was crazy because I had 3 kids and one on the way, and I had to go without a paycheck for 2 years and spend a large sum of money to start the business. Nothing worth having is easy to acquire. It's been a struggle, but it's a struggle that my wife and I CHOSE for ourselves and it's not as tough as others think because it's our choosing.
We get by just fine without 48 inch plasma TVs, 200 channel cable packages, dinners out every week, new cars every few years, and a lot of other frivolous expenses that most Americans think they "need".
There is something VERY satisfying about trying to build a business of your own. I went into it knowing there's a good chance the business won't succeed, but I'm okay with that. At least I took my shot and I am as proud of that as any other thing in my life. I see this whole endeavour as a win-win situation...If the business succeeds then I win, and even if the business fails, I win because the entrepreneurial experience and executive decision making experience will be very attractive to an employer and I know I could get another great job in my field.
We started our business and now both my husband and I work from home. We work 7 days a week and evenings. But we also have time to take the kids to the beach and they playground. We also don't have to spend 2-3 hours a day (each) in traffic (many people don't take this into account when calculating how much they work).
That being said, let's talk about risk- I'm glad for those of you for whom your hard work has paid off, but by far the majority of businesses fail, and sometimes with people who work hard and smart but are not lucky.
I'm married to one of those guys- he has been very unlucky, and our ventures have not worked out. Liquidated all assets 3 times (including 401Ks), bankrupt twice, barely held onto the house, lost the car... It is truly traumatic. There is a reason for the insecurity.
Being a wage slave might be something you choose to get away from, and the people who stay should respect your decision, but let's be honest- you truly are risking real trauma to your families that they are not. So you should respect that their negative reaction has some genuine roots.
Losing your job and having to look for another one is not the crisis of losing all your assets, and your childen's home, and the humiliation. It's not pleasant to be throwing up every morning wondering how long you can juggle the balls and knowing that you are inevitably going to crash, when bankruptcy becomes blessed relief.
Now the hubby works a job, is a rising star (he genuinely is smart and hardworking), and making well into the six figures. I'm pathetically grateful now to be able to pay the mortgage every month.
In this sense, having a job is one of the most vital parts you can play in the story. Without the job, you don't get fed. This is the essence of the reaction that people have when you decide to quit you job. They think that without the job, you're deciding not to get fed, and worse, deciding not to take part in the story.
The concept of a cultural story is not unique to us. In fact, all cultures, by definition, are the story that the people of that culture tell. Looking at it like this, people having such a reaction to your decision to quit your job is because they perceive you're deciding to leave the story. To see the reaction of another people being removed from their story, see the Native Americans. They really did not like being removed from their story.
For more information on ideas like this, and to learn more for yourself about the underpinnings of civilization, I highly suggest reading "Ishmael" by Daniel Quinn.
I have one foot in both worlds -- I am not really in business for myself, but worknig as an "employee" -- but on a freelance basis, where I set rates and move from job to job (I work in Hollywood doing visual FX). A key element of my strategy is to be several months ahead in savings (at least) so that I can safely turn down and/or walk off projects with excessively abusive clients. I call it my "F-you fund". This, and my general preference for avoiding debt, has allowed me to be more selective in choosing projects, with a view to minimizing stress while maximizing work with people I respect.
I've been pretty good at spotting bad projects before I get ensnared, but recently I failed to heed the warning signs and signed up onto what turned out to be the worst project I've ever been on. I eventually walked out on it, in retaliation for the abuse dished out to me and others.
Just last month, someone I know in the same biz but has a permanent staff position, was commenting with some derision about my "career-limiting" choices, versus his significantly higher income and stable employment. I just sat there grinning, as he evidently was forgetting what he'd already told me, many times, about his debt load and his resentment of stupid clients he can't avoid because he can't afford to ever say "F-you" and walk away. When I pressed him for details on what he meant, he ended up confirming that what he meant by "career-limiting" was my unwillingness to take it up the nether regions for the sake of income.
I say, there are more ways of being paid than just the monetary. I'm not built to handle stress, and the options I have in lieu of all the toys he has, is a good trade.
People ask me questions about what it is like all the time. What about the stress? Worrying over where the next check is coming from? I tell them, yes, it seems like we go through some crisis that has the potential to blow up my business or cause some major loss of money or something about once a month. Lesser things about once a week it seems. I tell them, and constantly remind myself, that this is what it feels like to be free.
And here is something that I would only share anonymously or with very good friends - for me there was no turning back. I was either going to make this work or work myself into a pine box trying. Life is way, way too short to live is as some kind of commuter robot, busting my a** for some dips***, waiting and hoping for the next 2% pay raise....and I mean it.
It has been great. I love what I do and make more than enough money to cover the loss of bene's (at least for now). Saved up enough so if we hit a dry spell with this talk of "recession" that we should be good for a year / year and a half of "no work" (which seems unlikely).
That said, some people aren't meant for this life. If you can't save money, don't do it!
"If you can’t save money, don’t do it!"
...couldn't have said it any better.
"I was either going to make this work or work myself into a pine box trying. Life is way, way too short to live is as some kind of commuter robot..."
Ho, ho, ho. So instead of being a wage slave for The Man, you'll be a wage slave for yourself--you'll chain yourself to your own desk and then throw away the key. This is better?
Look, if you want to run your own show, more power to you, and God's blessing. But don't go around s****ing all over the people who stayed behind, because we work just as hard as you do, and take just as much pride in our accomplishments as you do.
I got the same questions, the same semi-berating tone from friends who eventually confided that they wished their wives had employment that would allow them to stay at home too.
Our family decided that we wouldn't live in the Playstation World, that is, the world that is always trying to sell you something which will be obsolete in two or three years. My kids sometimes pester me as to why we can't have a Playstation 3, and I tell them "Because there used to be a Playstation 2 and in the near future there will be a Playstation 4".
We don't live a life of luxury and there won't be any new cars in the garage any time soon, then again, my kids will never be their young ages again either.
1. You point out the problems at work and are willing to do something about it
2. You are brave enough to do what they won't do.
3. You now make them realize that they can do something about it, but that are too scared to
Plus, as a regular reader of this blog, I am surprised how this one has hit such a cord with people.
Stuff the arrogance- the same as you would like respect for choosing the path of self-employment, give respect for the people who choose to stay regularly employed. You're doing something risky, and should not look down on people for choosing not to take those same risks. They are typically staying there for the sake of their families.
When I quit my job I had several coworkers and friends who were fearful for me, some who were envious and some who thought I was an idiot.
ALL of them were responding, in some sense, to that part of themselves that would like to do the same thing.
When we quit our jobs it made them face the reality of their own situations, hence the different reactions.
Robert Morgen :)
The Spiritual Entrepreneur - http://sae.holisticplus.org/
New Paradigm Media - http://thedowhatyoulove.com
If people work for a company that makes them happy, then that's wonderful and great, and worth staying. BUT, if a person works for a company that brings them down all the them, and expects the abused employee to treat their abuse as a challenge, then there is something wrong with that picture.