Should I get a job or start a business?

Do you have cash in the bank to survive without income for awhile?

If not, get the job.

You can always run your own biz part time to get started.

Without selling skills, you're going to have a rough time.

I think you know what to do.

hello there,

Not to jack the thread but i want to tell you, you are not alone; we are in the same boat. I just got laid off from my corporate bank job that i worked for 6 Plus years along with other 70 people 2 weeks ago. i've been lurking around here since 2011 and i tried to start my internet business but i wasn't able to generate anything except from Ebay but its not enough to live off. I'm also the type that needs a mentor to teach me 1 on 1 and be on me to implement ideas and put some action. That being said if you have money to survive during that hit, great but you should look into doing something with your time until you find a job or until; your business takes off cuz this money will run out sooner or later if there is no consistent income coming in. Good luck to you and i hope we both can be working soon or making money online and transform it to a business.

cheers.

It is highly recommended to get a job if you don't have the money to rely on your business. I've seen some people have thousands of dollars to invest in their Internet marketing ventures, but then they lost it all because of buying random tools and not knowing what they were doing.

If you have a good amount of money saved up that can keep you living for the next several weeks, then you may not need a job. However, if not, grab a job and build your online business afterwards. You could save up your money from your work and use that money to help fund your business.

I would highly recommend getting a job first and working on your biz on the side.

Get a job. Seriously. Get a job.

If I have learned one thing it is to only play games that you are certain you can win.

Only take risks you KNOW you can overcome.

Only try something when you are SURE you can make it happen.

Entrepreneurs who succeed are NOT foolish risk takers.

Get a job - only go on your own when you KNOW EXACTLY where your money will come from and you KNOW EXACTLY how you will get it. This is no time for guessing.

If you are guessing whether you should get a job or start a business - GET A JOB.

Only leave your job when you can say "Look, there is a pile of money and I know EXACTLY how to get it."

Why is this a choice between one and the other?
Have a job AND start your own business if you have the energy.
When the income from the business is sustainable and sufficient ditch the job.

You should also seriously consider other ways to own a business other than real estate.
If you do not have a pitbull attitude and tons of get up and go real estate may not be for you
AND
there is nothing wrong with that!

I was an utter failure in some sales channels when I was younger and absolutely successful in others. It just has to be a good fit and the correct time. If I don't love what I do I suck at it!

Also I hear tons of talk here about needing mentors and then see tons of offers for paid mentors.

I would remind you that paid mentors or even mentors that are still alive are not a necessity.
I have a stable of books I read that keep me motivated from authors like Napoleon Hill.
Many times in my life I have gone to work for or near someone that I knew I would learn from.
Once I moved my cubicle spot to just outside the owner of a building I was renting space in because he talked loud and kept his door open. I learned more in a year hearing him negotiate and sell than anything I ever learned in school and this is while I ran my own business from that cubicle.

Also before anyone jumps on me I am NOT suggesting that paying a great mentor is bad.
I would pay for phone mentoring from several people on this forum such as ewenmack.
If I was broke I would spend a day reading his posts and many others on here that I respect.

I would also point out that there is a HUGE difference between taking the time to find and harness your internal motivators and having someone mentor you in business.

Once in my life due to a major life event I was really really down and that is rare as I am a naturally aggressive guy. When that happened a friend and mentor told me to go walk through a graveyard for the afternoon if I wanted to sit around and feel sorry for myself. I did. It reminded me life is short. We live life for experiences and they are limited. Waiting is NOT an option. Find your internal motivators. I visualize. When my kids were younger and I was trying to close a deal I would imagine a hand coming across the table and removing the plate of food from in front of my kids and I was the only one that could stop it. EVERYONE has triggers, find yours, make them stronger, keep them in the front of your mind through some ritual. It can change your life!

You stated "My end goal is to have a REAL ESTATE AGENCY BUSINESS"
Why?
Do you know anyone that has achieved this and know intimately what there life is like because of it? It seems your motivation is more than just money since you have some money and cash flow so I would encourage you to crystallize in your mind what this really means to you. If doing that does NOT give you the motivation to go for it then it is either the wrong dream or you need more time to explore your direction and motivations.

Since you have some money now the tune in this thread may change to "just go for it" BUT there is more at stake than money depending on your motivations. Will you feel like an utter failure if you do not get a certain result. Will it impact your relationships? Do you have a support system and are they with you?

When I completely changed who I was some 15 years ago and decided to pursue what I wanted everything else in my life changed including friends and my significant other. There is so much more to consider than just the money and it is so very difficult for the recommendations you will get to mean anything from strangers that do not know your circumstances, emotions and inner circle.

The best advice I can give you is NEVER second guess yourself.

I think you should do both and then transition. That's exactly what I did.

One major tip I'll give you though... Treat it like a business not a hobby, and don't half ass it either.

Whatever industry or niche you get into, find the top 5 leaders and see what they're doing, and talking about.

Give value to your marketplace, and you can do that being a newbie by modeling after one of the five top people in the industry....

Learn, Implement, Teach... Repeat

And... TAKE MASSIVE ACTION!

Take Massive Action!

Taking massive action is the key to any business, but it rings very true to offline marketing.

I find that offline marketing is not the easiest business to be in if you aren't prepared to put in the time to build a real business. Taking action is the key. Like one person on here said, you need to be prepared to know what you are selling and what services you are going to deliver so you can give it to clients successfully.

Understand that this business requires a lot of organizing.

Whether your get a job or not, you still need to be super organized to succeed.

Just wanted to reply to this because I didn't see it earlier.

I agree with the aspect that most entrepreneurs aren't risk takers where they don't know where they are heading. They know exactly where they are going and what they will try to achieve. They know what business they are going to be in and how they will go about making that cash. That's the way it is.

If you don't have the income to live a normal life, stick to a job while making money offline on the side.

I agree mostly. The smartest people mitigate risk as much as possible but sometimes you have to go live without a net. Ultimately, this is a call only your heart can answer. I think opinion will run about 90/10 to keep working and building on the side even if you do have cash. From experience I can tell you that money you would not think could be spent in 2 lifetimes can fly by you in a year.

Peace,

Kyle O

I suggest you get a job, save, invest and establish a business.
Create a plan, a goal and work on it. Think of possibilities. Don't be afraid to fail, it is part of the cycle, you'll learn from it, you'll learn from experience.

Do you have an amount of money which you can use for yourself to survive for a year? If you don't have, then just go to work. While working, learn the business that you want and acquire the skills you need to sell your products and services.
When the time comes that you have grown your business, you can outsource some of the tasks and concentrate on customer acquisition.

if you have enough money to survive while not earning on your business then go for business.but if you dont have money while testing your business then apply for a job first and save money for the future

You should open your business if you have money to invest and your absolutely sure you can make a good return.

If you don't have the money to invest in a business right now, try getting into a job and making a stable salary before you become a business owner

Personally, I would just start a business and roll with it, see if it floats or not (with money invested of course)

otherwise if you have no money to invest don't jump into business ownership just yet

Working in other company will help you to learn new things easilly with causing less risks