I've got an interesting story I'd like to share and need advice (or confirmation of what I'm thinking).
Yesterday, I was laid off from a job that paid in excess of $250K per year. My wife and I are in the process of adopting a child and we own our own home (a 5/1 ARM which begins to fluctuate in Decmber of this year, 2009). We've built a savings account of around $80K, my wife works (makes about $58K/YR), and our monthly expenses total approximaley $5500/MO).
I've been tinkering around with IM for about 5YRS now but have been sitting on the fence, i.e., no launch. I have my own website (CMS), have developed my own content (30+ hours of professional tutorial videos on a popular Adobe product), have a merchant account, list server, and pretty much everything else I'd need to launch this business (with the exception a list).
I am extremely pissed at how this whole thing came down yesterday and am finally at the point where I truly don't want to work for anyone anymore.
Given the above, I have two choices:
1. Start looking for work knowing that I'd probably end up hating it shortly thereafter (although, it would be a stop gap in terms of income).
2. Work my ass off, day to night, open the doors to my site, drive traffic, and make it work (subscription model).
If this were you, what would you do? My wife fully supports any direction I want to take and has complete confidence in me. It's my own mind that keeps getting in the way.
What do you think? I don't care if your comments range from, "dude, get off your ass and make it happen - stop feeling sorry for yourself", to, "get another job quick".
Thanks in advance for your ear. If you have any questions, please ask.