Hi,
Is anyone here scaling an online business while working IB?
If so, id love to connect.
Looking to pour my savings every month to fund this venture.
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Based on previous WSO threads, here are some insights on managing an online business while working in Investment Banking (IB):
Time Management: Balancing IB and a side business can be extremely challenging due to the demanding nature of IB roles. Effective time management and prioritization are crucial.
Scalability: Many users have pointed out that while it's possible to start a side business, scaling it while working full-time in IB is difficult. Automation and delegation can help, but there are limits to how much you can grow without full-time attention.
Capital Allocation: Pouring your savings into the business monthly can be a good strategy, but ensure you have a clear financial plan and understand the risks involved.
Exit Strategy: Some users have considered leaving IB to focus on their business full-time once it reaches a certain level of success. This decision often depends on personal goals and the business's potential.
Networking: Connecting with others who have successfully managed both can provide valuable insights and support. Consider reaching out on forums or professional networks.
For more detailed discussions and personal experiences, you might want to check out threads like "Should I leave IB?" and "Turing down IB FT offer to run my startup?" on Wall Street Oasis.
Sources: IB Startup Ideas | MEGA THREAD, , Should I leave IB?, Does everyone wants to leave Investment Banking after 2 years?, Turing down IB FT offer to run my startup?
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