Deterrent for starting up

I am from a Tier 1 engineering college. Have done multiple stints in education and ed tech and am now at a VP position at a mid size edu company. Earning 50 LPA post 8 years of Work Ex. I can keep going at this rate and will have a comfortable life and also be in leadership positions which I enjoy. However I have been tempted to start up to have a shot at exponential gains in life- whether that is growth, money or influence over others. But then sanity also says most startups fail and why you want to spoil a good path. Anyone else faced this constant oscillation and how do you think about it or go about addressing it

I understand if someone is asking this question, the person isn't ready. But would like to know from founders, what was your motivation ? What pushed you over from a 9-5? Is it just taking a bet on yourself and working towards solving the problem?

Folks, Total 16 yrs experience here, looking for Sr EM , DoE roles in Hyderabad or Remote Please let me know

Folks out there who are starting up a company or have built one. What according to you is the most challenging part? - getting clients, employee management (hiring and retaining), getting funds or investors, dealing with govt policies (taxes) or anything else?

Btw go for it. Yes, it's challenging. Yes, it's tough but so is remaining poor or doing a job you hate.

I know this will sound like a very biased opinion but just sharing my 2 cents of today’s market. The way with highest probability of success, money and ensuring a better future for your future generations is to startup. It has the highest risk, highest reward. But in today’s landscape: where inflation is always higher than your hike, there’s no guarantee of employment even in next 1 years, the effort to remain in top 1% is humongous and many other reasons like that, really make me feel that if you’re able to start a company and even capture 0.1% of market who’s willing to pay something for your service/product, that’s all you need. Of course the struggle doesn’t end there and you have to keep working for as long as possible? But your capacity to earn and provide for generations to come is much higher than working for someone else. All disagreement is welcome :) Just tired of running this race for years now and still never feeling financially secure.

@Entreprenuers - You could have achieved the goals of freedom, working on a mission, and creating wealth even at an early age start up. Why start your own venture then?

This might be a lame post altogether but here I go. I have had an idea of a product / platform since about an year it targets primarily a category of small scale localised businesses(no not grocery stores but similar nontech domain where the tech is the enabler), what I have achieved (my background is 2year exp backend engineer) in the last year is a minimum viable backend of the same and a market fit survey with about 10 local businesses (who were interested) Now coming to block am facing right now is with business/legal formalities to actually make it official, don’t really know where to start looking for even guidance on “how to start” with those legal “stuff”. Another thing thats equally annoying is whoever I want to make this idea happen with always seems to interested and invested at start few days and eventually they fade out with no actual output of excuse of being busy, am not really what am doing wrong here. In my mind why I need a cofounder is to handle the frontend(this is what feel I need cofounder for). Any advise from anyone who are willing share some of their thoughts?

Is working on your own startup while in MNC a moonlight case, will it lead to serious blow from your company. Wanted to know the opinion what happens when your manager finds out that you also run a startup. What are the possibile things you can do to avoid this ? Any recommendations by anyone . Or any things to be aware of ?