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Hi,
This is my introduction. I am an MD who is currently working in science. It has taken me a long time to get where I am, from a bumpy start with lots of hardships in adult life, to a professorship.
I presume the academic ladder was some kind of compensation for the shame of having been an unwed student mother and experiencing abuse and such. That and I like a good challenge - when people say it can't be done, I will prove otherwise.
In the course of the years I noticed that I would be the one to do the extra things, optimize work flow and stay until late at night. And for this reason I vowed that one day, I would be working for myself. A few years ago I started a pet project to make the world a better place and this has as a by-product resulted in more revenue than my regular, relatively meagerly paying job. I have hired an assistant who does 90% of the work, but do some marketing and website building myself.
At this point in time I am at a crossroads. There is a larger project that will result in a lot of revenue (absolutely CENTS suitable and such), but I am somewhat short on time, having a lot of children the professorship, my medical private practice and the project of the heart. I have to make a hard decision for the future. At this point in time I tend to the following plan:
1. Cut hours from my academic job (done)
2. If Possible take on a different, less time-consuming, academic function in the future, as the title is useful for my projects.
3. Cut back on private practice (done)
4. Either go full-on in the academic / medical research direction for fame and honour with sparse money, unless I go into the pharmaceutical industry, which I do not want to do.
or
5. Drop the academic development to pursue the CENTS business and become so rich that I can do research as a hobby.
The solution sounds obvious, but remember that I have almost 30 years invested in education and training and sleepless nights in the laboratory and writing publications that could have been spent with the family to get to this level and stopping now will make me obsolete in 3 years or so. I feel rather sheepish writing this. In short: sunk cost.
As to the new project: this will require some programming and a lot of marketing, but would probably better the future of my family.
Thanks for listening,
Happyheart
This is my introduction. I am an MD who is currently working in science. It has taken me a long time to get where I am, from a bumpy start with lots of hardships in adult life, to a professorship.
I presume the academic ladder was some kind of compensation for the shame of having been an unwed student mother and experiencing abuse and such. That and I like a good challenge - when people say it can't be done, I will prove otherwise.
In the course of the years I noticed that I would be the one to do the extra things, optimize work flow and stay until late at night. And for this reason I vowed that one day, I would be working for myself. A few years ago I started a pet project to make the world a better place and this has as a by-product resulted in more revenue than my regular, relatively meagerly paying job. I have hired an assistant who does 90% of the work, but do some marketing and website building myself.
At this point in time I am at a crossroads. There is a larger project that will result in a lot of revenue (absolutely CENTS suitable and such), but I am somewhat short on time, having a lot of children the professorship, my medical private practice and the project of the heart. I have to make a hard decision for the future. At this point in time I tend to the following plan:
1. Cut hours from my academic job (done)
2. If Possible take on a different, less time-consuming, academic function in the future, as the title is useful for my projects.
3. Cut back on private practice (done)
4. Either go full-on in the academic / medical research direction for fame and honour with sparse money, unless I go into the pharmaceutical industry, which I do not want to do.
or
5. Drop the academic development to pursue the CENTS business and become so rich that I can do research as a hobby.
The solution sounds obvious, but remember that I have almost 30 years invested in education and training and sleepless nights in the laboratory and writing publications that could have been spent with the family to get to this level and stopping now will make me obsolete in 3 years or so. I feel rather sheepish writing this. In short: sunk cost.
As to the new project: this will require some programming and a lot of marketing, but would probably better the future of my family.
Thanks for listening,
Happyheart
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