Originally Posted by SkinnyGoomba
CT i read it and it was a good post, why delete it?
I guess I just wasn't feeling it.
Bottom line is I feel like to start your own business especially you need to spend a lot of time working, but hopefully if you are taking the risk of striking out on your own then it's to do something you truly love and will be happy spending a lot of time working on.
I think there is a lot of hype with the 100+ hour braggers. I think Crane's makes some good points, but honestly I have met a lot of really successful people and they definitely did not slave away for 100+ hours a week. I think there is a portion of the workforce working in I-banking and Biglaw that try to propagate a myth that the only way to become successful is to slave away at something miserable from 9-9 spending no time doing what you love and they are propagating that myth because it's what they are doing.
There are a lot of ways to get rich in this world and they are not just biglaw and i-banking. And maybe those fields make the absolute most dollars, but if the price is being miserable and spending no time socializing, spending time with your wife or kids, then forget it. The reality is that there is a lot of opinions being given on here by people claiming to know how it is in every facet of life- and they simply have no idea what they are talking about. It's very true that if you run your own business you need to bust your ass as hard as you possibly can- give it everything you can and maybe that means late nights on the laptop after the kids are in bed or taking calls from clients on weekends, mostly it means being really really interested in what you are doing for a living.
That being said- the opinions being given are by a narrow group of people- guys working in Biglaw and I-banking are not risk takers-- they are type A, risk averse over achievers. No offense but they are the number crunchers and the problem fixers whose clients start the next Stonyfield Yogurt, Burton Snowboards, etc. An example I think of if a friend of mine working at a firm in Boston who has the "life is good" guys as clients. In their early 20s the life is good guys have made more money marketing their line of sportswear than my lawyer friend probably will in his entire career-- granted the two "life is good" guys busted their asses selling that shit and definitely took a huge risk plowing in time and money to start a business, but the point is the only way to get rich is not being a 100+ hour a week lawyer.