Inspiration to quit for the week…
John Chow on why you shouldn’t “trading time for money”…one of my favorite topics
There are many ways to make money in this world. By far the most common is trading hours for dollar, also known as a job. Maybe it’s the fact that I have never held a job for more than a year of my entire life, but I just can’t understand why people would choose to make their income this way. Trading hours for the dollar is like the worst possible method of earning a living one can make. Here’s why.
Scott Adams with the best (and simplest) advice I’ve ever seen on how to write funny stuff
Tell me what you were DOING immediately before reading this blog, and also tell me what you were THINKING about while you did it. If you can do both of those things, you are halfway to being an interesting and humorous writer. For example, “I was answering an e-mail from my coworker Karl while thinking he won’t understand my answer because he has an unusually small head that probably can’t hold much of a hat much less a brain.
Shoemoney on why people fail in business
Starting your own business can yield amazing rewards but at the same time its a pretty big risk. I was recently asked in the Q&A why people fail at starting their own businesses. I came up with several reasons and wanted to expand more on this.
37Signals on the lack of value in getting an MBA
There’s a popular book on entrepreneurship called The E-Myth which claims that bakers shouldn’t run bakeries, plumbers shouldn’t run plumbing companies, and everyone else should think about how they could turn their small business into a franchise. On the face of it, there’s a lot of good advice about how you can’t just be a good baker if you don’t have a business bone in your body and expect commercial success.
On October 14th, 2005 I quit my job at Deloitte to work for myself full time. It wasn’t quite like this…but I wish it had been :)
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Chris Guthrie said,
Wrote on June 27, 2008 @ 10:13 am
Nice links and that video is pretty funny too.
I don’t think I can quit for a couple years though. Primarily because my wife is going back to school for her masters degree now. But I’m still working on replacing my income with the money I make online so that I can quit after she’s out of school.
side note: nice blog by the way. I came accross it about 3 weeks ago when I subscribed and I really like the content. Keep up the good work :)
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Brian Armstrong said,
Wrote on July 3, 2008 @ 2:37 am
Thanks for the kind words Chris! You’re right that it will be a lot easier to quit once your side business is generating enough income to match your job. This sounds like a good option for you and is one of the paths I recommend in Breaking Free. Glad you’re enjoying the blog!
Brian
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Creer un site said,
Wrote on July 7, 2008 @ 9:43 am
E-myth is really a great and a must to read. For people working at home, running their own business, it’s really important to see if you run a business or just have a job. It’s the same when you said, Brian, do not make business on your time.
When you are recognized on your biz, it’s quite easy to make money with consulting, then it’s important to save time to switch on business development, or you’ll be stuck with your time…
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Brian Armstrong said,
Wrote on July 15, 2008 @ 2:48 am
Yes, don’t trade hours for dollars any longer than you have to!
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