To: BJungNan
>>>>"They are in for one heck of a lot of work. And waiting until 40 to get the business going? I don't care what anyone says, you have 10x the energy needed to get a business moving when you are younger. Those 16 hour work days for months straight to get a business rolling wear you down much more when you get older"<<<<
Short story, Company that I worked for had a major growth spurt, hired new (younger) employees had me training them, paid them more and really laid on the perks, the writing was on the wall, another (older like me) employee and I sharing a cold one after work got to talking about it, his Wife asked us why we didn't just start a competing business since we were basically running the operations anyway, at first we had all kinds of reasons why it wouldn't work and we whittled away at each roadblock... That was four years ago and we now hold the same market share % of the company that we left, the new "young" employees lasted for about a year (even after getting raises that doubled what they had started out from).
I may have started it wrong by maxing out every credit card but we made it and the part about not having the energy for 16 hour days is bunk, if I don't see a 16 hour day looking me in the face when I wake up in the morning then I will feel old.
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I was parked at the grocery store waiting for "she who must be obeyed" and just watched some of the local welfare folks walking up and down the street and thought to myself "that must be what retirement is like" sorry I'm not ready for never ending boredom. I plan to work until the inevitable day that I assume room temp.
TT
To: TexasTransplant
Retirement was fun.... but it got old.
I started my new biz at 50+, man what a ride.
To: TexasTransplant
I really don't think you caught the point of my reply to the other poster thinking of starting a business. Actually, you made my exact point better.
And I was not saying young and inexperienced has advantage over older age and wisdom/experience. My point there was, that someone said they should wait until they are in their 40's to get started.
If you are going to do it, don't wait till you are old. I bet you yourself have said, I should have done this a long time ago."
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