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| | #93 (permalink) | |
| Senior Member Join Date: Nov 2006
Posts: 944
| Quote:
When you find your mission in life, you will be glad to attend seminars, to deal with traffic or whatever obstacle comes your way in order to achieve your goals. Life is about challenging yourself and having the courage to go for your dreams not about checking out of society and figuring out how little we can do for ourselves and for others. | |
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| | #94 (permalink) |
| Member Join Date: Oct 2011
Posts: 37
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While I would agree with 'not being impressed with the post', it seems to me that they had to go to a bunch of seminars that were assigned to them, not ones they actually know how to use. Either that, or they go to seminars to actually get information from the seminar speakers, which is useful, but can be found other places for cheaper. The real value of seminars is the people you meet there that share your ideas. |
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| | #95 (permalink) | |
| Senior Member Join Date: Aug 2008
Posts: 402
| Quote:
The evidence i've heard is that 90% of entities that start a new business and file appropriate taxes with the IRS are not filing those taxes 5 years later. That 90% that stops includes people who re-incoprorate under a different name/structure, people who's companies get bought, people who return to nice jobs afterwards, and people who's companies fail. As I understand it, this is where the commonly cited statistic that 90% of new businesses fail within 5 years statistic came from. However, if there's evidence out there that most (I presume that means 50%+) self-employed people/business creators file for bankruptcy within 3 years of starting their venture, that would be interesting to see. | |
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| | #96 (permalink) |
| Senior Member Join Date: Aug 2008
Posts: 402
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Beyond general recommendations such as "cut expenses", I would have to know your specific situation to make specific recommendations. Personally I'm starting a business while living with my parents, but I'm 20 years old, in college, and have a part time job, single, and on my mom's health insurance. This path probably wouldn't work for you, I presume. Then again, your path probably wouldn't work for me. I don't see why we're arguing about this- there is no one right way that can apply to everybody which is also specific and practical. Generalizations like "cut expenses" apply to most people (not all- it depends on your level of expenses). For super specific advice on how you could quit your job and start a business, I'd have to know super specific details about your personal financial situation, career background, standards of living etc. etc. Without such specifics, it's hard to give specific advice that will apply to you. I could tell you to schedule a college class in the afternoons so that all of your piano students would be forced on to two days of the week, saving you from gas money running all over silicon valley every day of the week. But that probably wouldn't apply to you, because it's unlikely you have a part time job teaching piano lessons and spend too much money on gas. That's one thing I did to cut my gas expenses. I could give more examples, if you're curious, but I doubt they'll be helpful. Part of using advice is taking generalities and applying them to your situation. Advice will not be handed to you on a silver platter, perfectly customized. Sorry. Maybe the new iphone will have that app. In the meantime, some of the work of using advice is figuring out how general tips like "spend less money" can translate to your life. |
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