I was just wondering if anybody on this forum have had to run their own online business from home due to necessity out of health or other lifestyle restriction and whether this has worked out.
10 years I was under threat of redundancy and in my spare time started running an online business selling video games. Just near to starting this I attended a free local course run by the UK government TEC that was very useful to explain finances and cash flow. A few weeks within starting my company the items was not selling that well at all. I went back to a TEC advisor and he told me very bluntly to give up the business as I could never compete with Amazon.
I was very down about it. Within a week I had a new job offer and the threat from redundancy evaporated. I sold the remaining stock and soon after wound up the business making a minor loss.
Fast forward to present day and I am thinking on running an online reselling business again due to necessity. For the last few years I have been a senior developer on one of the UKs largest consumer sites. I have picked up and learnt a lot of technologies along the way being Drupal and various other CMSs as well as other smart phone mobile development. I also know a lot SEO and performance etc.
I have however hit on bad times recently. Both me and my eldest son have been diagnosed with serious illnesses in the last 2 years and my energy to do a job and travel to office is fading. What I would like to do is for me and him to work on an online reselling business. He is studying IT at college and as stated above I am very experienced with very large and popular sites.
I may have the option coming up soon to have a payout from my company that could last me a while giving me a chance to setup a business with some back up.
However, what I would like from this forum is whether anybody has had similar experiences as me and whether they have made a good success of their business. Have you found this more stressful than a full time job or was it hard initially and now you won't look back. I need to get past the mind block I have of what that TEC advisor told me 10 years ago.
Thanks for reading and would much appreciate any replies.