So, let me get this straight — you’re a young guy with a good job in a bad economy who expects a kid next year, and want to roll the dice with a start-up business?
My advice: Keep working for someone else.
My wife and I are both professionals and have been conservative in our finances, i.e. we aren’t in a bunch of debt. A child isn’t going to dent our finances. Besides, risk takers build this country and they had offspring along the way. I don’t see how this is relevant to the current discussion.
Ditto.
Nonsense! Just the opposite.
NOTHING significantly good can ever happen in your life until you're self-employed. Don't forget it.
Great opportunities out there right now.
For example, a fourteen day survival pack for 2 people can be sold on Ebay...containing, tent, plastic sheeting, waterproof matches, batteries, dried snacks/food/ flashlight, flares, etc..
Also, training center for weapons and survival during a national emergency, etc..
Don't want to be discouraging but I agree. Having your own business sounds wonderful but even in good times it's a stressful situation on everyone.
My husband and I owned a small business and the more successful it grew the more headaches we had to deal with.
The day we sold was a total relief.
We invested in the market with our hard earned profits of 40 years only to see 30% disappear in less than 3 months.
Luckily we have no debt, all our children are out of college with families of their own and we have cash to hold us over in our “lifestyle” for two years.
Stay where you are for now and see where the economy will be in another year. Small businesses run America, but right now Government is running small businesses.
JMHO