I have a high paid job that I have become unhappy in. I have been approached by some people who are talented with a good track record to run a start up. My salary will be the same and I'll get some stock. What should I do? How risky are start ups?What's the downside?
2006-10-26 09:01:37 · 8 answers · asked by Anonymous in Business & Finance ➔ Careers & Employment
go for it what you got to lose
2006-10-26 09:04:12 · answer #1 · answered by Forestvinnie 2 · 0⤊ 0⤋
depending on the history of the individuals starting the business, as well as the history of the industry (is it a volatile industry, is it dependent upon economic factors, e.g., stock market, energy prices, etc.) start up businesses can be risky. However, they can also be a great place for rapid employment growth. Typically, being involved in a start up business gives the individual an opportunity to get in on the "ground up" and use talent that a larger organization may overlook.
Assess you need for security right now in your life. Are you married? Have children? Paying tuition? Own a home? Once you assess your risk tolerance, and do your research, you will be better equipped to make a decision.
2006-10-26 09:12:13 · answer #2 · answered by yourconsultant 2 · 0⤊ 0⤋
major downside is your really working for someone else, why not go your own way. unless u have a tried and trusted client base i wouldnt go into it, as u will find u dont have a wage without sales.
if you can stay with your job and try out 1 of these start up too, if u have the time, an see where u go, but i wouldnt lay out money on someone elses promise, good luck xx
2006-10-26 09:07:11 · answer #3 · answered by Anonymous · 0⤊ 0⤋
How much do you know about running a business in general?
How much do you know about the core business of the startup?
How much do you know about marketing?
How much do you know about setting up a business plan?
How well capitalized is the business? Do they have enough $$$ on the table to cover all costs for at least one year until they start turning a profit?
The answers to these questions will provide your answer.
2006-10-26 09:10:07 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Make sure you have researched the business! I researched my new business (Home based Business) on the internet for a long time before I started. Check out my websiite and see what you think!
2006-10-26 09:07:33 · answer #5 · answered by Lisa R 1 · 0⤊ 0⤋
from a retired CEO be careful. Read all the fine print. Get everything in writing, and have an attorney look at it before you say yes or sign anything.
2006-10-26 09:12:45 · answer #6 · answered by tmichael 2 · 0⤊ 0⤋
Ever thought of working for yourself? If interested, let me know. rpelley5@yahoo.com.
2006-10-26 10:41:32 · answer #7 · answered by Anonymous · 0⤊ 0⤋
yeah why not!
2006-10-26 09:12:15 · answer #8 · answered by Edyta C 1 · 0⤊ 0⤋