Hi all. Wondering if consultants in this bowl think about starting own businesses? And do you take active steps to do that? I dont see a lot here talk about that, compared to exiting to other employment.

I used to be employed, but always wanted to start a business. I started one recently and it’s still not generating the money I want, but wouldn’t want to go back to being employed. Rather i’m thinking of starting another one once this one picks up a little.

What’s your thought on this?

likeuplifting
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Not sure which country you’re talking about. To your point I thought about starting one but I am in KSA so finding a Saudi partner to start with and paying 50 k (too much for a startup) just for paper are currently blocking me to start and experiment the idea. Maybe if I was based somewhere else I would have pushed it through. I am currently looking for job after my contract ended so time is not the issue.

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Sorry should have mentioned. I started in Dubai. Was based in Saudi, and due to the high start up cost (could reach to 100k per year with the expenses and fees) I started in Dubai. Costs me 12k with one of the freezones, on my own!

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I’m thinking of starting but looking for a partner

likesmart

The advice I got is dont let the partner delay you starting. I also think starting with a partner is much better. But finding a suitable partner on the same wavelength and passion is the most difficult thing you’ll do when starting a business. I had someone that we planned our start for a lot of months, and then last minute he got a job and bailed. So decided to start while I look for someone suitable!

Whatsapp business did you start? And how did you go about it? Can you share your experience?

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Sure. PM and let me know your situation

As someone who’s married to an entrepreneur and involved as a mentor to an incubator, it’s clearly more brutal than consulting.

It’s difficult for me to recommend getting into it, but on the other hand it can be extremely rewarding for the few that ‘make it’.

Ultimately it’s worth a shot if you’re young enough that it won’t destroy your trajectory if you fail, or you’re old enough that you have the network and some financial firepower to fall back on.

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There is no life and time to do that, unless you pretend you work in the office but instead you don’t

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I dropped a similar post recently. I’ve barely seen people discussing the prospects of starting a startup. What kind of businesses are you looking at?

I started in HR consulting

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