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#1 Nov 04 2005 at 8:19 AM Rating: Excellent
I have been looking for work for the last 2 weeks seriously. Applying for jobs, talking to agents and really selling myself.

In this time I saw an old friend from University too and he has come up with a proposition, to run a company for him (an off shoot of his own).

I do need to get back into work, my savings are finite and I also now miss the social aspect or work and the sense of accomplishment that comes with working. But I am torn.

I am still applying for run of the mill jobs, my CV is attracting interest and I am hoping for interviews soon. But they are run of the mill jobs.

My friend is offering the fun and exciting opportunity to help bring up a business from scratch. I would not be paid much at first (being a start up) but would receive shares in the company and the success (and ultimately what I gain personally and in cashg terms) of the venture would be in my and his hands.

I have never worked for a normal company, I would not know what a desk job was, having never had my own desk, always having been a consultant and travelling to various clients. I am not sure such a 9 to 5 job would even suit me. So my interest is perked in the chance to setup a company and work hard to make it successful, but that has risk at a time when I wonder if I should be taking them.

What would others do? Keep applying for safe but boring positions? Or work hard, have fun and really drive to make something new and fun succeed?
#2 Nov 04 2005 at 8:23 AM Rating: Excellent
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Depends on your situation, Before I started a family I would have gone for the startup but now I would continue looking for the steady paycheck.
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#3 Nov 04 2005 at 8:26 AM Rating: Excellent
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What would others do? Keep applying for safe but boring positions? Or work hard, have fun and really drive to make something new and fun succeed?

I recently changed career tracks and while it has been difficult and both an emotional and financial strain, there is nothing like the feeling of being engaged by your work. I say go for it.
#4 Nov 04 2005 at 8:30 AM Rating: Excellent
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You only live once and if you think you can swing it, give it a shot. Obviously if it's not working out, you'll need to reevaluate, but it sounds as though you would really enjoy this so why not?

Nexa
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#5 Nov 04 2005 at 8:35 AM Rating: Good
Nothing ventured, nothing gained.
#6 Nov 04 2005 at 8:37 AM Rating: Decent
If the new company seems that it will take off and is not a HUGE risk then why not. Starting a new company is always a risk, just how much though depends on lots of different things. Location, type of busissness, expense, yada yada yada.

I would kill to get into a new company and build it from the ground up. Being only 25 with a shi[b][/b]tty job to begin with means I have less to lose. Its not like leaving a plush $150k a year job to open up a tanning salon.
#8 Nov 04 2005 at 9:31 AM Rating: Decent
JennockFV wrote:
I am not sure such a 9 to 5 job would even suit me.



What startup management position has ever been 9 to 5? If it's something you want to do, have fun, but be realistic. A better guess is that you're looking at 9 to 9, or 7 to 9 or 7 to midnight. :) Hopefully there are immediate perks to go along with the minus.

Zium
#9 Nov 04 2005 at 9:40 AM Rating: Good
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Depends on your situation, Before I started a family I would have gone for the startup but now I would continue looking for the steady paycheck.


That's what it comes down to, really. If you've got a family depending on your paycheck it makes opportunities like this much more risky. If you're still on your own, this could be chance to build something, and have the shot at it being successful and maybe giving you financial independence in the long run.
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#10 Nov 04 2005 at 10:38 AM Rating: Good
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What startup management position has ever been 9 to 5? If it's something you want to do, have fun, but be realistic. A better guess is that you're looking at 9 to 9, or 7 to 9 or 7 to midnight. :) Hopefully there are immediate perks to go along with the minus.

Zium


I agree with Zium. For most startups, you're looking at 10-hour days at a minimum. Then again, it may be different over in the UK. While startups are definitely exciting, it is also quite chaotic. I'm speaking from my experience working in Silicon Valley where startups were a dime-a-dozen.

Many of them were blinded by the up-front funding and lacked solid financial management, a solid business plan/model, defined operational standards and decent communication. Even with the most cutting edge technology, if startups don't have that other stuff in place, the startup will fall on its face.

I usually pass on startup opportunities. I like having a life outside of work. I like working for companies that have a solid structure and have surpassed the startup's growing pains. However, if some opportunity came up that was so amazing and the pay was worthwhile for the long hours I might consider it. I would make sure the things I mentioned were in place before jumping in though.
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#11 Nov 04 2005 at 1:58 PM Rating: Decent
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Paper.
















Sorry I didn't read any of the posts here
#12 Nov 08 2005 at 11:43 AM Rating: Good
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Hijack! Ziumhum, that you?!

*hugs Jen*
#13 Nov 08 2005 at 12:06 PM Rating: Good
I know what you mean... although my story is not quite on the same scale as yours, I was unemployed and looking hard for work about three years ago. After several months of looking for something that would both utilize the few skills I have and not be something I dreaded going to everyday, a brand-new company started advertizing in a neighboring city.

Turns out that this "company" was just a concept; there wasn't even a location for it yet. It was just two men with an idea. I'd seen similar idea try and fail within a year, also local. But hell... I found myself thinking: "Do I really want something safe but bland? Sure, it'd be a steady paycheck, but... there's something exciting about this 'frontier!' Maybe I should take that chance. And if things go for the worst, well, I won't be too much worse off than I am currently."

So I went for it. And everything turned out wonderfully.

It was hard, hard work at the start--- beginnings are very delicate times, y'know--- and days were long and sweaty, and we pretty much had to build/assemble everything from the ground up, not to mention all the netowrking and building of PCs and so much stuff that I can't even list it all here.

Fast forward three years and we're now opening up a third location in this region. Business is grand and the job is something I love. I'm going back to school soon to learn even more things that might benefit the company as it grows.

I say do it!! If not for the excitement of taking a risk, if not for the strong possibility that your friend's concept will grow and thrive... do it because you know that if you don't, that one day you're gonna be working a bland, everyday job and you'll think, "I wonder if I should've...?" Which, IMHO, is a worse kind of torture than trying and failing.
#14 Nov 08 2005 at 12:13 PM Rating: Excellent
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What would others do? Keep applying for safe but boring positions? Or work hard, have fun and really drive to make something new and fun succeed?


Is this a trick question? Go for it! You can always float your resume later if it fails. You're doomed to learn a ton from the effort, however it works out. And boredom is hell.
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#15 Nov 08 2005 at 8:29 PM Rating: Excellent
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If it is enough to pay the rent and pay the essentials, might as well give it a shot. You can always beg off later if it turns out to be a boondogle, and if it turns out instead to be a huge sucess, well, you'll be ahead of the game, and we can call you CEO Jennock! And then you cna buy us all ponies!
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#16 Nov 08 2005 at 9:16 PM Rating: Good
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