Trying to avoid the generic responses of "Tired of workin' for the man".
Was there a breaking point? An epiphany? Good level of confidence or scared as sh*t? This applies to any and all industries, not just clothing.
I know this is old, but no reason to create my own thread for it. I have an entirely similar interest here. Things I'd like to know: what gave you the idea for the business? Did you have all the money to start? Was it worth it a year later and did you have a business degree or anything relevant pertaining to your business?
After working and interning at various media marketing and music biz jobs, I have come to a point where I am seriously contemplating starting my own business with an old coworker whom I really get along with and she is in a similar position as me career wise. We are both incredible compatible but good at different things. I'm meeting with her tomorrow to have a pretty elementary conversation about what we could do for and with each other.
Thanks for everyone sharing their experiences. It's not a matter of if I'll start my own business, but what it will be and when it will begin.
One question for business owners in the red, or just barely in the black: how do you budget how you will afford to live while you build your business to a point where money is actually coming in. I have savings and I know I'll need a small business loan to start, but does my living expenses come from that loan? I know that may sound like an absurd question, but its something I was just thinking of.
I own my own Fencing Academy, have for just about 2 years now.
I graduated college in 3.5 years, and took a job as a full time fencing coach (moved across the country to take said job). After 4 months, it became clear the previous owner needed to sell it, so me and my business partner bought him out. I was just 21 at the time, and had a BS in Criminal Justice, and absolutely no business training.
We decided to go ahead with it, even though my business partner also had zero business training. Since taking over, we've grown by just under 100% in 18 months, and our students have started to perform significantly better than they ever had under previous ownership.
It was a crazy risk to take, but so far (18 months in) it has been a dream come true. :)