The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

Should I find a job or start my own business?

Remove ads while supporting the Unscripted philosophy...become an INSIDER.

Adgo

Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Apr 7, 2018
21
28
25
25
Belgium
I'm a 23 years old student from Belgium and I'll finally receive my Master in Management degree in October from one of the top 10 business school in Europe.

While most of my peers in class are applying for jobs in the best companies around the world, I'm not really interested in that alternative, thanks to my past entrepreneurial experience.

5 years ago, I hired an American freelancer who developed an Instagram bot for me for $150. I started selling it on some forums and I kept investing the money I was making back in the development of the bot, to improve its features and performances. A few months later, I had 5 working versions priced from $9.99 to $29.99 for sale on my own website. Everything was automated and all I had to do was to answer the customers’ emails and watch the money flow. I invested in SEO and was making between $2000 and $3500 a month while I was in my first year of college. My income eventually grew to $5200 in June 2014 when it started decreasing for several reasons. The bot needed adaptation, unfortunately, the developer stopped working as a freelancer and I had to hire someone to develop the 5 versions again. Then Instagram started to change their API to slowly reduce to efficiency of bots and my revenues dropped. I tried multiple costly alternatives to solve the problem, in vain.

I’ve also been replacing broken iPhone parts as my own “part time job” for 7 years now. I made approximately 35.000€ of turnover with a 50% margin.


These experiences made me realized that, no matter how small you start, money is not so hard to earn when you bring value to people. As a result, I don't really want to work 50 hours a week for someone else and get pay 2000€ a month when I was making twice as much as a student.

I know that I want to be self-employed as soon as possible but I’m not sure if I should first work for another company to “gain experience” as everybody say. For how long? Which company/job would provide me a better experience than the experience I will gain if I try to do it be myself?


I have a few business ideas but nothing I'm absolutely sure would be profitable.

For now, I don't have any bills to pay, that's why I think it might be a good time to give it a try.
I'm scared that getting a job will drastically restrict my future choices.

Any advice would be highly appreciated!
 

Don't like ads? Remove them while supporting the forum. Subscribe.

NVaz

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jul 24, 2013
140
154
158
Lisbon, Portugal
Last edited:

minivanman

Platinum Contributor
Speedway Pass
Mar 16, 2017
1,694
4,314
999
50
DFW
I think you can figure out if something is profitable or not. You seem like you are smart enough to do that. Use Google to your advantage.
 

WJK

Platinum Contributor
Speedway Pass
Oct 9, 2017
1,091
2,530
652
Nikiski, Alaska
I'm a 23 years old student from Belgium and I'll finally receive my Master in Management degree in October from one of the top 10 business school in Europe.

While most of my peers in class are applying for jobs in the best companies around the world, I'm not really interested in that alternative, thanks to my past entrepreneurial experience.

5 years ago, I hired an American freelancer who developed an Instagram bot for me for $150. I started selling it on some forums and I kept investing the money I was making back in the development of the bot, to improve its features and performances. A few months later, I had 5 working versions priced from $9.99 to $29.99 for sale on my own website. Everything was automated and all I had to do was to answer the customers’ emails and watch the money flow. I invested in SEO and was making between $2000 and $3500 a month while I was in my first year of college. My income eventually grew to $5200 in June 2014 when it started decreasing for several reasons. The bot needed adaptation, unfortunately, the developer stopped working as a freelancer and I had to hire someone to develop the 5 versions again. Then Instagram started to change their API to slowly reduce to efficiency of bots and my revenues dropped. I tried multiple costly alternatives to solve the problem, in vain.

I’ve also been replacing broken iPhone parts as my own “part time job” for 7 years now. I made approximately 35.000€ of turnover with a 50% margin.


These experiences made me realized that, no matter how small you start, money is not so hard to earn when you bring value to people. As a result, I don't want to work 50 hours a week for someone else and get pay 2000€ a month when I was making twice as much as a student.

I know that I want to be self-employed as soon as possible, but I’m not sure if I should first work for another company to “gain experience” as everybody says. For how long? Which company/job would provide me a better experience than the experience I will gain if I try to do it be myself?


I have a few business ideas but nothing I'm absolutely sure would be profitable.

For now, I don't have any bills to pay, that's why I think it might be a good time to give it a try.
I'm scared that getting a job will drastically restrict my future choices.

Any advice would be highly appreciated!
If you did work for someone else, make sure you are acquiring a skill that you want. It will make worth your time. You can alway quit and move on to something else when you get that skill set under your belt. In the meantime, start putting your business ideas together and putting your big toe out there. The direction that you start won't be where you end up. Life tends to put us into places that we never dreamed possible.
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Sponsored Offers

  • Sticky
MARKETPLACE Fox's Web Design Guide: Earn $100K this year (Yes, 2020!) and Go Fastlane
How do I sell to a different country with an accent? And a foreign number. Cold e-mails don't...
  • Sticky
MARKETPLACE Kill Bigger Incubator
Hey @Cruiser I just shot you a reply! Amazing product BTW!
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
Well, we made it halfway through the year. Don't know what the rest'll bring, but it's gonna be...
  • Sticky
FEATURED! Introducing... WEALTH EXPO$ED, A Short Story By MJ DeMarco
Not really a teaser but it does employ a fictional story, so that is similiar. This upcoming...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Dropping a quick note in here to say... if you are on TFL, you are part of an elite group of...



Forum Sponsor

sponsor

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom