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The Lost Entrepreneur, Needs Your Advice!

Discussion in 'Ideas, Needs, Concept Feedback' started by GabeGlobal, Feb 16, 2019.

If you don't want to write out a response, feel free to just vote on what you would do!

  1. Stay home, Save Money & take classes

  2. Internship in Tampa

  3. Dream City, and Go monk mode on your goals

Results are only viewable after voting.
  1. GabeGlobal
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    GabeGlobal New Contributor Read Millionaire Fastlane

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    Hello all,

    I'm a 21 year old 3rd year university student studying economics and finance (pointless I know)

    But I need your advice

    Probably like some of you, I've always been an aspiring entrepreneur whom has attempted to start various businesses and have had my overwhelming fair share of failures.

    As I'm winding down to my last summer break before I'm thrown into the real world, I wanted to know what you all think is the best way to utilize this break in pursuit of my dream.

    Out of all the businesses I've attempted, I currently have a very specific niche type event hosting company that I operate solely from my phone on social media. I net roughly 5-7k per 1 day event in my hometown (The ceiling can't get much higher for that, also isn't very scalable) which I still plan to continue throughout the summer even if I have to catch a round trip flight home for the events.
    (1-2 events)

    My dream is to build my entrepreneurial journey while living in South FL: Miami, Fort Lauderdale, West Palm etc

    For the summer, I have narrowed things down to 3 options
    Stay at home
    • Live basically for free
    • Would be able to spend money on local ventures
    • Lots of distractions from Friends & Family
    • Lots of time can be spent towards side gig
    • Would be taking university classes during the summer
    Internship - (Was offered an internship as a wealth and investment management intern)
    • Work at a bank ($20/hr x 40/hrs a week)
    • Live basically for free ($2k relocation grant)
    • Doing work, I'd have little to no interest doing in the future
    • Live in Tampa Florida for the summer
    • Little time can be spent towards side gig (event hosting co. at home)
    Go ALL in & Commit to my dream
    • Move to Miami, FL for the summer
    • Spend $2k out of pocket for rent for the duration of the summer
    • Fear of the unknown, not knowing where income would be coming from other than my event hosting company in my hometown 12 hours away.
    • Would be completely free
    • Able to put my head down, create business systems, learn skills, get hands dirty with digital marketing, e-commerce etc
    This is a HUGE decision for me, family and friends don't necessarily understand the logic behind this contemplation but I don't expect them to, thus is why I'm reaching out to my fellow aspiring entrepreneurs.

    Please, let me know your honest thoughts!

    Thanks, Fellas!
     
    JunkBoxJoey_JBJ and MJ DeMarco like this.
  2. Danny V.
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    Danny V. New Contributor

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    It’s only for a summer, do what you want as long as you can survive.

    I am in Miami so if you ever need advice down here just pm me.
     
    Last edited: Feb 16, 2019
    GabeGlobal and Supercar like this.
  3. MJ DeMarco
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    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    The forum will be biased for #3, that's what I vote for. Go for it, you're only young once. Jobs will always be there, AND you already have a nice side income for not a lot of time investment. Sounds like a dream opportunity.

    (Also can you franchise your event thing nationally?)
     
  4. The Abundant Man
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    The Abundant Man Gold Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    “make a radical change in your lifestyle and begin to boldly do things which you may previously never have thought of doing, or been too hesitant to attempt. So many people live within unhappy circumstances and yet will not take the initiative to change their situation because they are conditioned to a life of security, conformity, and conservation, all of which may appear to give one peace of mind, but in reality nothing is more damaging to the adventurous spirit within a man than a secure future. The very basic core of a man's living spirit is his passion for adventure. The joy of life comes from our encounters with new experiences, and hence there is no greater joy than to have an endlessly changing horizon, for each day to have a new and different sun. If you want to get more out of life, you must lose your inclination for monotonous security and adopt a helter-skelter style of life that will at first appear to you to be crazy. But once you become accustomed to such a life you will see its full meaning and its incredible beauty.”
    ― Jon Krakauer, Into the Wild
     
    GabeGlobal likes this.
  5. Ernman
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    Ernman Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Miami - you can work side gigs at "events" to expand your understanding of needs and earn some $ to live on. But be careful. Just being in a new town doesn't mean you won't have distractions - family and friends aren't the only distractions.
     
    GabeGlobal likes this.
  6. GabeGlobal
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    GabeGlobal New Contributor Read Millionaire Fastlane

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    sheeeesh I felt this one, thanks for your insight my man!
     

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