Starting a business while working full-time

1st Year Analyst in Other

Hey everyone,

I work full-time at a strong consulting shop (60-65 hrs on average). I want to do a start-up in my limited free time though. I want to have a product manufactured and sold primarily online. I wanted to get advice from people who may have tried to do something similar or any advice?

Comments (10)

Aug 29, 2019

Yeah I got some advice. Come up with a product first. And don't quit your day job.

heister:

Look at all these wannabe richies hating on an expensive salad.

https://arthuxtable.com/

    • 1
Sep 4, 2019
GoldenCinderblock:

Yeah I got some advice. Come up with a product first. And don't quit your day job.

+1

And also establish a sales/revenue pipeline.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Sep 4, 2019

Doing this right now. Job is 40 hours per week, which is even less than what I put in for school.

Starting a business out of school might be my easiest shot. Plus with my 40K signing bonus, I can afford to use $$$ to acquire customers.

Being broke and stressed in college blows.

Sep 4, 2019

40k signing bonus out of school with a 40 hour work week? I think not

    • 1
Sep 4, 2019

Yeah, seems impossible.

Unless, you join the Army.

Recruits can get $40K bonuses for going infantry as Army looks to grow

https://www.armytimes.com/news/your-army/2019/07/0...
Overtime can get heavy in times of war though...

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

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Sep 4, 2019

*signing bonus plus relocation.

It's not impossible because at places like FB, you work like 50-60 hour? And they get 75-100K signing bonus for returning after interning there.

Go look it up

Sep 4, 2019

Advice - don't do it just because you want to be an "entrepreneur" or "own a business". Starting a business fucking sucks. If you're not pot committed or aren't thinking about this "product" 24/7 then you're getting into something that's bound to be a time, energy, and money drain.

If you have an itch that you need to scratch then get a first run of your product and see what customers think. Do this before going balls deep and over investing in sales and marketing of a shit idea.

I don't have much experience in CPG space but I've also heard the nightmares of finding suppliers and manufacturers. Don't underestimate the importance of your supply chain.

As a founder you're going to have to do all the work too. Design, logistics, financing, legal, marketing, sales, customer service, etc.

The BEST advice is to find a mentor, and network with other startups. It's a lonely battle for the first couple years so do this sooner than later.

That being said, it's all doable. Just a lot harder and a lot more work than you think.

SYB

"Out the garage is how you end up in charge
It's how you end up in penthouses, end up in cars, it's how you
Start off a curb servin', end up a boss"

    • 1
Sep 6, 2019
Comment

just google it...you're welcome