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- Jun 3, 2015
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Hey everyone, just signed up and finished reading the MFL. I just put in my 2 weeks notice at my corporate call center job. I've got a about 6 months of rent and bills covered but I'm a little freaked out about the whole idea. Obviously since I'm 31 I've worked my whole life and don't really know anything else.
Hoping you guys have some insight or can talk me off the ledge because frankly the whole thing has me scared shitless.
As @Vigilante says above, jobs are a dime a dozen, and the fact that you're covered for 6 months means if you need to you can always get another, so let that fact calm you somewhat. In fact you may find yourself getting another job to fund some amazing business idea you get, so don't sweat it.
In the meantime start tuning your mind to finding opportunity. The way you do that is to look for problems and pain points in business.
Start by looking at the structure in that call centre you work in, @Walter Hay who is a senior member of this forum was working for a (I believe) chemical cleaning company and worked out that he could provide a better product, so he quit and then set about learning how to make, market and distribute it (Grossly oversimplified).
You may not be able to solve the problem you come across yourself, however it will tune your mind into spotting opportunity. Another thing you can do is when you next buy something online, take a look at the 2 and 3 star reviews, see if you can spot any common complaints about the product, and then imagine how you'd solve that problem. In fact why wait? Go onto Amazon this evening, and start browsing, start with the last few items you've bought, especially if they're over $25.
This is what is meant by the term, there's opportunity everywhere, because each problem expressed by a consumer or a business is a potential opportunity to ride in and save the day with a solution, thus providing value and making yourself rich.
However not all problems are equal, sometimes you may solve a problem, however the market is so small, or too specialist or even impoverished, that there's little commercial value in solving it.
When you next go out to eat, look at how many tables there are, how full is it, what's the average spend of a customer? Then try and work out their overheads, from that work out their gross profits, of course it's all guesswork but that's not the point, you're starting to train your mind to think like an entrepreneur.
Lastly use this forum as a resource, there are so many nuggets of gold information on here. Start by searching for people who were in your situation and took the leap of faith you are about to. Use quit my job as a search term.
Also look at the Gold posts in general and start to imagine what business you might want to go into. Take your time, it's better to not know for awhile than to immediately jump into something you later regret. Also never be afraid to ask questions on here, nobody will be down on you for being a noob or asking stuff that's been asked before.
Most of all enjoy! This is the start of your journey, good luck, I look forward to reading your first progress/execution thread and most of all, welcome to the forum!