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Old 02-28-09, 01:44 AM   #1
mlts22 
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Should I just pull the trigger (start my own company)?

Since the job market for IT people is lackluster at best, I keep debating starting my own company, seeing if I can find some suck... er VC people or SBA loans, and work on a small business.

Couple ideas include helping other businesses with Sarbanes Oxley, HIPAA, and other nasty laws, making sure businesses have what they need for that, or some tools to help musicians when gigging (special lock box that serves both as a Time Machine dump and a place to lock up the Cubase/VST Plugin license key dongle.)

Think its worth the long shot? I have worked at/for startups, but have never done one myself, and man, when you ask for advice, ask four people, get five answers.
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Old 02-28-09, 02:07 AM   #2
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I started my own business right out of school and haven't looked back once or regretted a thing. You're young and the biggest risk to you is opportunity-cost (could've, would've, should've). Go for it!!!
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Old 02-28-09, 02:46 AM   #3
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I'd try to keep the overhead as low as possible.

Having a big debt load will limit your flexibility and liquidity. If you can afford to do it out of pocket, risk is only what you can afford.
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Old 02-28-09, 08:38 AM   #4
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If you have nothing that depends on a monthly steady income then do it.

I just started a professional services company in November. But I do have an advantage as we are a group of 10 senior consultants with an investor behind us. Made it alot easier getting things going.
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