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	<title>Comments on: Small Business 101: Are YOU Suited to be an Entrepreneur?</title>
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	<link>http://www.theamateurfinancier.com/blog/small-business-101-are-you-suited-to-be-an-entrepreneur/</link>
	<description>Thoughts on Money, Investing and Life</description>
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		<title>By: Roger</title>
		<link>http://www.theamateurfinancier.com/blog/small-business-101-are-you-suited-to-be-an-entrepreneur/#comment-753</link>
		<dc:creator>Roger</dc:creator>
		<pubDate>Sun, 27 Dec 2009 02:19:07 +0000</pubDate>
		<guid isPermaLink="false">http://www.theamateurfinancier.com/blog/?p=1390#comment-753</guid>
		<description>Maybe; I know that I&#039;m more inclined to response if I disagree with a post rather than agreeing with them.  And merry *looks at the calendar* Boxing Day to you!</description>
		<content:encoded><![CDATA[<p>Maybe; I know that I&#8217;m more inclined to response if I disagree with a post rather than agreeing with them.  And merry *looks at the calendar* Boxing Day to you!</p>
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		<title>By: Financial Samurai</title>
		<link>http://www.theamateurfinancier.com/blog/small-business-101-are-you-suited-to-be-an-entrepreneur/#comment-747</link>
		<dc:creator>Financial Samurai</dc:creator>
		<pubDate>Fri, 25 Dec 2009 07:07:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.theamateurfinancier.com/blog/?p=1390#comment-747</guid>
		<description>Rog - I&#039;m just beginning to wonder whether people just like to argue with me! lol.

Merry Christmas!  It&#039;s 1am there, but only 9pm here!

Best, FS
.-= Financial Samurai´s last blog ..&lt;a href=&quot;http://feedproxy.google.com/~r/FinancialSamurai/~3/sDu6IRK8Xg0/&quot; rel=&quot;nofollow&quot;&gt;Everything Is Rational – The Answer To All Things Irrational&lt;/a&gt; =-.</description>
		<content:encoded><![CDATA[<p>Rog &#8211; I&#8217;m just beginning to wonder whether people just like to argue with me! lol.</p>
<p>Merry Christmas!  It&#8217;s 1am there, but only 9pm here!</p>
<p>Best, FS<br />
.-= Financial Samurai´s last blog ..<a href="http://feedproxy.google.com/~r/FinancialSamurai/~3/sDu6IRK8Xg0/" rel="nofollow">Everything Is Rational – The Answer To All Things Irrational</a> =-.</p>
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		<title>By: Roger</title>
		<link>http://www.theamateurfinancier.com/blog/small-business-101-are-you-suited-to-be-an-entrepreneur/#comment-746</link>
		<dc:creator>Roger</dc:creator>
		<pubDate>Fri, 25 Dec 2009 03:05:48 +0000</pubDate>
		<guid isPermaLink="false">http://www.theamateurfinancier.com/blog/?p=1390#comment-746</guid>
		<description>Wow, it&#039;s not often I see such an interesting discussion inspired by my post (actually, this the first time I&#039;ve seen something like this on my blog).  I&#039;m not really sure what to add.  FS, I wrote this post more directed at people my age who might be tempted to start a business without considering just how much time and effort it can take.  It sounds like you have a much different cost/benefit calculation than I would, and of course, you should do what&#039;s best for you and yours.

@Investor Junkie: I&#039;ll have to read The E-myth soon; it&#039;s one of the many (oh, so many) books that I need read when I have the time and opportunity.  I&#039;ll take it, and all your other advice, under advisement for my own purposes.  Thanks for stopping by and for all the great comments.</description>
		<content:encoded><![CDATA[<p>Wow, it&#8217;s not often I see such an interesting discussion inspired by my post (actually, this the first time I&#8217;ve seen something like this on my blog).  I&#8217;m not really sure what to add.  FS, I wrote this post more directed at people my age who might be tempted to start a business without considering just how much time and effort it can take.  It sounds like you have a much different cost/benefit calculation than I would, and of course, you should do what&#8217;s best for you and yours.</p>
<p>@Investor Junkie: I&#8217;ll have to read The E-myth soon; it&#8217;s one of the many (oh, so many) books that I need read when I have the time and opportunity.  I&#8217;ll take it, and all your other advice, under advisement for my own purposes.  Thanks for stopping by and for all the great comments.</p>
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		<title>By: Investor Junkie</title>
		<link>http://www.theamateurfinancier.com/blog/small-business-101-are-you-suited-to-be-an-entrepreneur/#comment-742</link>
		<dc:creator>Investor Junkie</dc:creator>
		<pubDate>Wed, 23 Dec 2009 18:31:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.theamateurfinancier.com/blog/?p=1390#comment-742</guid>
		<description>So you are making the pain not great enough of not doing your own business over the pain of the unknown.  I can say from experience, the worst fears rarely happen, it&#039;s the one&#039;s sneak up on you (meaning you never thought about) are the killers.  It&#039;s all about risk management, which (in a roundabout way) I talk about in this blog post:

http://investorjunkie.com/merry-christmas-we-are-canceling-service-with-your-company

So your company is basically &quot;paying you off&quot; to not start your business eh? :-)
.-= Investor Junkie´s last blog ..&lt;a href=&quot;http://feedproxy.google.com/~r/investorjunkie/~3/4S6Xew3TvpQ/open-a-chase-sapphire-credit-card-get-10000-bonus-points&quot; rel=&quot;nofollow&quot;&gt;Open a Chase Sapphire Card – Get 10,000 Bonus Points&lt;/a&gt; =-.</description>
		<content:encoded><![CDATA[<p>So you are making the pain not great enough of not doing your own business over the pain of the unknown.  I can say from experience, the worst fears rarely happen, it&#8217;s the one&#8217;s sneak up on you (meaning you never thought about) are the killers.  It&#8217;s all about risk management, which (in a roundabout way) I talk about in this blog post:</p>
<p><a href="http://investorjunkie.com/merry-christmas-we-are-canceling-service-with-your-company" rel="nofollow">http://investorjunkie.com/merry-christmas-we-are-canceling-service-with-your-company</a></p>
<p>So your company is basically &#8220;paying you off&#8221; to not start your business eh? <img src='http://www.theamateurfinancier.com/blog/wp-includes/images/smilies/icon_smile.gif' alt=':-)' class='wp-smiley' /><br />
.-= Investor Junkie´s last blog ..<a href="http://feedproxy.google.com/~r/investorjunkie/~3/4S6Xew3TvpQ/open-a-chase-sapphire-credit-card-get-10000-bonus-points" rel="nofollow">Open a Chase Sapphire Card – Get 10,000 Bonus Points</a> =-.</p>
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		<title>By: Financial Samurai</title>
		<link>http://www.theamateurfinancier.com/blog/small-business-101-are-you-suited-to-be-an-entrepreneur/#comment-741</link>
		<dc:creator>Financial Samurai</dc:creator>
		<pubDate>Wed, 23 Dec 2009 18:21:23 +0000</pubDate>
		<guid isPermaLink="false">http://www.theamateurfinancier.com/blog/?p=1390#comment-741</guid>
		<description>I think most people who work, actually don&#039;t really hate work as much as they think if they are given the decision to quit and face the unknown.

Shu at Bulldog made good coin indeed, but when he left, he was only an Associate then.

We shall see!
.-= Financial Samurai´s last blog ..&lt;a href=&quot;http://feedproxy.google.com/~r/FinancialSamurai/~3/tWgBpfZwbPQ/&quot; rel=&quot;nofollow&quot;&gt;Playing Until My Knees Swell And Feet Bleed&lt;/a&gt; =-.</description>
		<content:encoded><![CDATA[<p>I think most people who work, actually don&#8217;t really hate work as much as they think if they are given the decision to quit and face the unknown.</p>
<p>Shu at Bulldog made good coin indeed, but when he left, he was only an Associate then.</p>
<p>We shall see!<br />
.-= Financial Samurai´s last blog ..<a href="http://feedproxy.google.com/~r/FinancialSamurai/~3/tWgBpfZwbPQ/" rel="nofollow">Playing Until My Knees Swell And Feet Bleed</a> =-.</p>
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		<title>By: Investor Junkie</title>
		<link>http://www.theamateurfinancier.com/blog/small-business-101-are-you-suited-to-be-an-entrepreneur/#comment-740</link>
		<dc:creator>Investor Junkie</dc:creator>
		<pubDate>Wed, 23 Dec 2009 18:02:41 +0000</pubDate>
		<guid isPermaLink="false">http://www.theamateurfinancier.com/blog/?p=1390#comment-740</guid>
		<description>@FS: Like Nike says &quot;Just DO IT&quot;.  Heck the CEO from Blulldog you interviewed, I&#039;m sure was making more or similar to what you are making now?  Why did he leave?  Same reason we all do. To fulfill our dreams. In ANYTHING I do, I always ask the question, &quot;when I&#039;m old will I regret NOT doing it?&quot;

Steve Jobs said to John Sculley when he was working at Pepsi &quot;Do you want to spend the rest of your life selling sugared water or do you want a chance to change the world?&quot;  Granted Sculley ruined Steve and almost killed Apple, but that&#039;s a whole other story.
.-= Investor Junkie´s last blog ..&lt;a href=&quot;http://feedproxy.google.com/~r/investorjunkie/~3/4S6Xew3TvpQ/open-a-chase-sapphire-credit-card-get-10000-bonus-points&quot; rel=&quot;nofollow&quot;&gt;Open a Chase Sapphire Card – Get 10,000 Bonus Points&lt;/a&gt; =-.</description>
		<content:encoded><![CDATA[<p>@FS: Like Nike says &#8220;Just DO IT&#8221;.  Heck the CEO from Blulldog you interviewed, I&#8217;m sure was making more or similar to what you are making now?  Why did he leave?  Same reason we all do. To fulfill our dreams. In ANYTHING I do, I always ask the question, &#8220;when I&#8217;m old will I regret NOT doing it?&#8221;</p>
<p>Steve Jobs said to John Sculley when he was working at Pepsi &#8220;Do you want to spend the rest of your life selling sugared water or do you want a chance to change the world?&#8221;  Granted Sculley ruined Steve and almost killed Apple, but that&#8217;s a whole other story.<br />
.-= Investor Junkie´s last blog ..<a href="http://feedproxy.google.com/~r/investorjunkie/~3/4S6Xew3TvpQ/open-a-chase-sapphire-credit-card-get-10000-bonus-points" rel="nofollow">Open a Chase Sapphire Card – Get 10,000 Bonus Points</a> =-.</p>
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		<title>By: Financial Samurai</title>
		<link>http://www.theamateurfinancier.com/blog/small-business-101-are-you-suited-to-be-an-entrepreneur/#comment-739</link>
		<dc:creator>Financial Samurai</dc:creator>
		<pubDate>Wed, 23 Dec 2009 17:02:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.theamateurfinancier.com/blog/?p=1390#comment-739</guid>
		<description>Sounds good IJ.  Thanks for your insights!  A topic of a post in the making is &quot;Is Making TOO Much Money A Curse&quot;, which talks about fear and paralysis.

The problem with my industry is that the pay is not bad, which makes the cost of entrepreneurship that much greater.

Sounds like you&#039;ve got yourself a passionate new self post or guest post to write IJ!
.-= Financial Samurai´s last blog ..&lt;a href=&quot;http://feedproxy.google.com/~r/FinancialSamurai/~3/AmMUuiFaDR4/&quot; rel=&quot;nofollow&quot;&gt;Are Credit Cards Weapons Of Mass Financial Destruction?&lt;/a&gt; =-.</description>
		<content:encoded><![CDATA[<p>Sounds good IJ.  Thanks for your insights!  A topic of a post in the making is &#8220;Is Making TOO Much Money A Curse&#8221;, which talks about fear and paralysis.</p>
<p>The problem with my industry is that the pay is not bad, which makes the cost of entrepreneurship that much greater.</p>
<p>Sounds like you&#8217;ve got yourself a passionate new self post or guest post to write IJ!<br />
.-= Financial Samurai´s last blog ..<a href="http://feedproxy.google.com/~r/FinancialSamurai/~3/AmMUuiFaDR4/" rel="nofollow">Are Credit Cards Weapons Of Mass Financial Destruction?</a> =-.</p>
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		<title>By: Investor Junkie</title>
		<link>http://www.theamateurfinancier.com/blog/small-business-101-are-you-suited-to-be-an-entrepreneur/#comment-737</link>
		<dc:creator>Investor Junkie</dc:creator>
		<pubDate>Wed, 23 Dec 2009 14:34:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.theamateurfinancier.com/blog/?p=1390#comment-737</guid>
		<description>@FS: Let me add this comment.  It&#039;s now over ten years ago I started a business.  That partnership completely fell though in 2001 (a topic for another discussion)

I look at it as working out at the gym.  What was once very difficult, is now very easy.
At the time it was a VERY hard decision for me to make.  After all I was working for a startup that was about to go public.  I tormented over it quite a bit and at the time was the hardest decision I ever had to make.  In retrospect now I would have done it in a heartbeat and make much tougher decisions daily.  After all my salary was somewhat being supported by other biz partner.  Today it would have be a no brainier.  

He&#039;s what happened in retrospect.  The company went public and, at the time was one of the biggest IPOs of that year.  In the end their stock went to zero and went bankrupt. Most of my friends never sold their stock loosing any investment (I was fortunate enough to sell most close to the high point)  The biz partner I started with was awful and I dumped him in 2001.  Though the learning experience was second to none!  What I learned indirectly was priceless, and was worth the price of admission.

I believe you are doing it correctly &quot;baby steps&quot;.  I would keep it no longer than 3 years and actually I would keep it less than that.  artificial timeframes do wonders on the psyche.  

To comment on this article. I recommend reading the E-myth.  You need to be a business person first, your technical skills while important are second.  You must be a sales person/marketer first.  Starting a business is very much a you vs. yourself.  You are your own worse enemy and your business is the weakest in the area you are weakest in.

I could go on and on about this subject and will post some blog entries about this in the future.
.-= Investor Junkie´s last blog ..&lt;a href=&quot;http://feedproxy.google.com/~r/investorjunkie/~3/XRvRKD0ilsg/should-i-use-mint&quot; rel=&quot;nofollow&quot;&gt;Mint Review: Should I Use Mint.com?&lt;/a&gt; =-.</description>
		<content:encoded><![CDATA[<p>@FS: Let me add this comment.  It&#8217;s now over ten years ago I started a business.  That partnership completely fell though in 2001 (a topic for another discussion)</p>
<p>I look at it as working out at the gym.  What was once very difficult, is now very easy.<br />
At the time it was a VERY hard decision for me to make.  After all I was working for a startup that was about to go public.  I tormented over it quite a bit and at the time was the hardest decision I ever had to make.  In retrospect now I would have done it in a heartbeat and make much tougher decisions daily.  After all my salary was somewhat being supported by other biz partner.  Today it would have be a no brainier.  </p>
<p>He&#8217;s what happened in retrospect.  The company went public and, at the time was one of the biggest IPOs of that year.  In the end their stock went to zero and went bankrupt. Most of my friends never sold their stock loosing any investment (I was fortunate enough to sell most close to the high point)  The biz partner I started with was awful and I dumped him in 2001.  Though the learning experience was second to none!  What I learned indirectly was priceless, and was worth the price of admission.</p>
<p>I believe you are doing it correctly &#8220;baby steps&#8221;.  I would keep it no longer than 3 years and actually I would keep it less than that.  artificial timeframes do wonders on the psyche.  </p>
<p>To comment on this article. I recommend reading the E-myth.  You need to be a business person first, your technical skills while important are second.  You must be a sales person/marketer first.  Starting a business is very much a you vs. yourself.  You are your own worse enemy and your business is the weakest in the area you are weakest in.</p>
<p>I could go on and on about this subject and will post some blog entries about this in the future.<br />
.-= Investor Junkie´s last blog ..<a href="http://feedproxy.google.com/~r/investorjunkie/~3/XRvRKD0ilsg/should-i-use-mint" rel="nofollow">Mint Review: Should I Use Mint.com?</a> =-.</p>
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		<title>By: Financial Samurai</title>
		<link>http://www.theamateurfinancier.com/blog/small-business-101-are-you-suited-to-be-an-entrepreneur/#comment-736</link>
		<dc:creator>Financial Samurai</dc:creator>
		<pubDate>Wed, 23 Dec 2009 07:21:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.theamateurfinancier.com/blog/?p=1390#comment-736</guid>
		<description>Rog - I&#039;ve got to admit I&#039;ve answered YES to all your questions, yet i&#039;m still chicken shit to do something completely on my own.

Hence, why I have a 3 year incubation period while I work, to see whether any success can come out of my site first before making the move.  In actuality, I have a 10 year incubation period.  If anybody can run a site for 10 years, ya gotta believe there will be some success no?
.-= Financial Samurai´s last blog ..&lt;a href=&quot;http://feedproxy.google.com/~r/FinancialSamurai/~3/tWgBpfZwbPQ/&quot; rel=&quot;nofollow&quot;&gt;Playing Until My Knees Swell And Feet Bleed&lt;/a&gt; =-.</description>
		<content:encoded><![CDATA[<p>Rog &#8211; I&#8217;ve got to admit I&#8217;ve answered YES to all your questions, yet i&#8217;m still chicken shit to do something completely on my own.</p>
<p>Hence, why I have a 3 year incubation period while I work, to see whether any success can come out of my site first before making the move.  In actuality, I have a 10 year incubation period.  If anybody can run a site for 10 years, ya gotta believe there will be some success no?<br />
.-= Financial Samurai´s last blog ..<a href="http://feedproxy.google.com/~r/FinancialSamurai/~3/tWgBpfZwbPQ/" rel="nofollow">Playing Until My Knees Swell And Feet Bleed</a> =-.</p>
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