ShinyWave93

Path of Entrepreneurship

I am 27, and I have a well paying job in Bangalore.

I want to quit this job and try my hands on entrepreneurship. I feel like I can do much more than what I am currently doing and have a more fulfilling life this way.

Unable to see a lot of risks I have a 2 yr runway with savings. Parents don't have financial dependency. If everything fails I can restart my life in the next 1-2 years.

Looking for perspectives and things I should consider before taking this step.

17mo ago

MetalMan20

Stealth17mo

Having done the same with a year's worth of runway in hand, I would suggest either keep your role and experiment slowly to validate your approach and idea or to maybe work out a lesser workload model if your org allows to give you more time on building your project (can come with some pay cuts, but you're still in healthy position)

As entrepreneurs, there is a big tendency to get obsessed with the solution rather than the problem when you jump in without any back up or thoughtfulness.

This in turn leads to frustrations when your approach or say model doesn't really take up or shows the same promise. And when that happens, time surprisingly just flies out! Can say this with personal experience

A more plausible route should be to keep a steady income for sometime, despite the runway because you can't predict any future problems or issues that may arise ( faced health issues myself, which did tumble my runway)

Keeping a steady will give you the opportunity to pump in your income to your experiments, building your network and connections and also give you some breathing room to accommodate your lifestyle when you eventually take the plunge with some sort of market fitment.

Definitely time consuming but then again if you are serious, will lead to more long term benefit and will keep you better prepped when you decide to start-up full time.

Hope this helps

ShinyWave93

Stealth17mo

This is very helpful. The tendency to focus on solutions is definitely there.

Might still take a call to quit and go head on instead of taking the more rational decision, but your answer was very helpful

ShinyWave93

Stealth17mo

Btw how did your idea fare eventually?

TwinklingEyes

Flipkart17mo

What ideas do you have for entrepreneurship? IMO, age doesn't matter however the mindset matters

ShinyWave93

Stealth17mo

Can't share the idea yet, as I definitely won't be anon then (Office folks would recognise me XD)

But I can share this. Current TAM is low, no company has scaled in the area I am trying (6 failed in the last 5 years). There is demand, but no proof of vitality and willingness to pay.

I think my idea and approach is different ( I guess every entrepreneur does XD) but I'm very passionate about this space, 1% chances of success excites me.

TwinklingEyes

Flipkart17mo

Be prepared it's gonna be a topsy turvey ride, speak to some of the entrepreneurs before you kick this off. Good luck 👍

Gambler1

Crypto17mo

Do it lol. What bad could happen if it all goes right you could be a multi-millionaire or billionaire

Gambler1

Crypto17mo

I did it too just do it

Thanos890

Swiggy17mo

You can work on it side by side, once it's ready to be launched and then you can quit your job

ShinyWave93

Stealth17mo

Yeah have considered, not sure if I'll be able to give it all to my idea or the company I am currently working in.

Felt.like I was losing at both when I tried for a while. Low iteration speed at my end(startup), low energy in companies end

jake_peralta_B99

Freelancer17mo

I think do it! You are fairly young to take these kind of Risks! If this is what you want and is gonna make you happy, why not?

ShinyWave93

Stealth17mo

Hahaha. I agree.

Just sense checking. Don't wanna be too impulsive.

Discover more

Curated from across

bantuPhonePe1mo

Things to consider before quitting job?

Folks who have quit their jobs to pursue something of their own or are planning to quit, please advise on what all things I should consider before quitting job.

2.4K views

PMM_2yrStartup4mo

Switch to entrepreneurship from corporate job

Every third corporate person I talk to wants to switch to entrepreneurship and do Dhandha.

What could be the reason?
And what could be stopping them?
How to decide if you should switch or not?

PandamanOthers1mo

Taking a leap of faith.

Hi, I am 23M, working as a software engineer in Bangalore at a Fintech company. My current CTC is 45LPA with in hand salary is around 1.8 L.

Since I came to Bangalore after finishing college, my life has been going up and up only. Every...

16K views

Top comment

My 2 cents 1)Quit your job when your startup starts making half the money you're currently earning. 2) Always ha...

GolDRogerStealth9mo

Done with Tier1 cities, moving to tier 2 town with family - A rant

Been in Bangalore for 6+ years and love everything the city has given me. This city ( more like people here) taught me what software engineering and product sense is, how to entrepreneurs function, whats a 100X coder like. Made many ...

Top comment

So are you fed up with Bangalore or just the career rat race? Both are different. Also, costs can be low in...

perpendicularInsurTech11mo

Post-Grad or Work Ex? Looking for guidance.

I'm 23 and working in Bangalore in the Founder's Office role at a startup. I aspire to be a Founder someday and run my own business, but don't have an idea that I am very passionate about right now. I have 3 years of work experience as...

Or get it on the stores.

Privacy Terms

Guidelines Help