I was asked to contribute my thoughts on a question Carol Roth posted — What is the worst business advice you’ve ever received? You can see my thoughts (number 15) and those of 49 other business experts in the article below.
http://www.carolroth.com/blog/bad-business-advice-over-50-experts-weigh-in/
The worst advice I received about starting my own business was “make sure you have at least one year’s worth of living expenses in the bank before you start your business.” In other words, wait until the time is exactly right — perfect.
The problem with this advice is simple. I was living in New York City at that time. I was paying the bills and saving a little but there was no way I was going to be able to put away a year’s worth of living expenses very quickly. So if I followed that advice I might never have gone off on my own.
Second, not having that safety net made me work all the harder to make sure my business was successful I’m not saying that if I had a year’s worth of living expenses in the bank that I would have coasted. But the lack of a safety net created a huge sense of urgency for me.
Over the years I’ve found that the time is seldom perfect to embark on something new. Sometimes you have to take a deep breath and commit yourself to just doing it. If you wait for the time to be exactly right, you are likely to be waiting forever.
Your career mentor,
Bud
PS: You can download a free copy of my latest eBook Career Success Rx at www.BudBilanich.com/career-success-rx. When you do, I’ll begin sending you daily motivational quotes and give you a free basic membership in my career mentoring site.
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