Comments on: Being An Entrepreneur Is More Secure Than Working For a Big Company

By: startupspark.com - The Carnival of Entrepreneurs #15 Unleashed

startupspark.com - The Carnival of Entrepreneurs #15 Unleashed — Wed, 21 Mar 2007 14:27:52 +0000

[...] is an interesting one. Some believe risk is a fundamental part of entrepreneurship. Others disagree. What do you [...]

By: MoneyVelocity.com » Blog Archive » Being An Entrepreneur Is More Secure Than Working For a Big Company

Fri, 16 Feb 2007 18:53:42 +0000

[...] Original post by Ben Yoskovitz and plugin by Elliott Back [...]

By: Ben Yoskovitz

Ben Yoskovitz — Tue, 13 Feb 2007 17:35:03 +0000

Good luck Marc. I wish you the best!

By: Marcvill

Marcvill — Tue, 13 Feb 2007 14:51:50 +0000

Ben – Your answer sounds exactly what all my pro-blogger friends tell me. You’re right, if going full time entrepreneur does not work as planned, I can easily go back to finding a job again.

Before I quit my job, I just have to sort things out like finding a way to pay my remaining salary loan balance. And other stuff.

Thanks Ben!! I look forward to your next blog posts.

By: Ben Yoskovitz

Ben Yoskovitz — Tue, 13 Feb 2007 03:56:27 +0000

Marc – great question. Of course there’s no easy answer. I’ll probably expand these thoughts in a blog post, but let me ask you this …

If you quit tomorrow, started your own business full-time immediately, how long could you survive before you’d be in serious financial trouble?

And, an addendum to that – how hard would it be for you to find work if you decided the entrepreneur thing wasn’t working out?

By: Marcvill

Marcvill — Mon, 12 Feb 2007 22:09:07 +0000

I stumbled upon this wonderful blog from Rico (http://fool45.com) and this post really got me into thinking. I feel that if I keep on reading this blog, I might give up my work and go full time with the startup web design company my wife and I started.

Unfortunately, security is what I am worried about in my case. Giving up working for a boss would not give me and my family stable income. Going full time entrepreneur sounds a bit risky right now but I’m 100% sure that’s this is where I wanna head to eventually. I guess, I just don’t know how to spark it up.

Need help, Ben!!! How can you determine the right time?

By: Chas Grundy

Chas Grundy — Sat, 10 Feb 2007 16:22:28 +0000

That’s one of the biggest reasons I started my own business. I’d dealt with jerk clients and horrible projects for so long, I wanted the ability to drop them. Unfortunately, it’s not always so easy. When it’s a choice of paying the bills or firing a client…

This article and subsequent comments have insired me… I’ve gotten a couple of blog post ideas I’ll be working on. Thanks!

By: maricel ferrer-custodio

maricel ferrer-custodio — Sat, 10 Feb 2007 09:03:47 +0000

I agree that entrepreneurship allows you to take control of your own destiny. One of the advantages of entreneurship over employment is you can control the people you want to deal with (on most occasions). I remember on one of my real estate transactions, I encountered this notorious businessman. I witnessed how disrespectful he was to his employees. They are treating them like puppets and he attempted to treat me the same. He was so surprised that I dropped his account (but in a discrete manner). I’m not under his payroll. I can survive without his account. I’m glad I have the ability to avoid dealing with him. I’m glad to have control on where I can get my income…I don’t have to put up with his harsh treatment to earn a living. After that incident and dropping their company’s account, some of his top management gave me a call to apologize. One was strong enough to realize that he does not need that kind of treatment as well and resigned from his job as vice president of that company! Its good to be in control of things! Entrepreneurship is not an easy task but it gives you a world of opportunities…including meeting a lot of people that makes the world a better place to live. =)

By: Ben Yoskovitz

Ben Yoskovitz — Fri, 09 Feb 2007 14:49:33 +0000

Chas – I’d still argue there can be more security working for yourself than someone else. True, you can screw up pretty badly by spending too much and not earning enough, but if you can run your own business smartly, you’ve got a better, more secure future ahead of you.

Worse comes to worse, as long as you don’t go bankrupt and end up on the street, you can go back to big companies and get a job, having gained a ton of great experience!

By: Chas Grundy

Chas Grundy — Fri, 09 Feb 2007 03:27:26 +0000

You make a good point. There is less security in large companies than people realize. See GM. Or Enron.

Startups often struggle with cash flow. They spend too much, don’t establish strong revenue streams, and take risks which can hurt them a lot more than would hurt a larger company. Without preparation and a plan, these things can take you down early.

I don’t think there’s more security in entrepreneurship, per se, but there’s certainly a lot of comfort and confidence to be found in knowing that you’re in control.