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by jeffreyrogers 695 days ago
Why do you think building a business will fix the problem you feel? I don't mean that in a rude way, but I think answering that will help you figure out what you're looking for. If the goal is just to build a business you could start a business like a McDonald's franchise that is pretty much guaranteed to work if you work hard enough.

But I suspect that succeeding at some already derisked business model isn't what is drawing you towards building a business. It's probably not money either since from a discounted cash flow perspective it probably pays better to get a FAANG job. You say you want freedom but in most businesses you don't have a huge amount of freedom since you are constrained by what the market wants and organizational structures have to meet employee needs.

3 comments

Hey!

> Why do you think building a business will fix the problem you feel?

It wont.

But it will solve one aspect of (lack of) independence -- the soul crashing 9-5 and working with people. I don't want to go length into my view of the tech industry and how I consider most of it an inefficient cog machine mixed with human psychology, but getting rid of it by creating a business which can be run on it's own -- will improve my quality of life significantly.

For example: there is no logical sense at all to work 9-5, 5 days a week from Mo-Fr, in an office. By having my business I can train in the morning and then work 12 to 8. I can take Monday off (without asking for permission). I can work from home or cafe, or a park. I get to build the lifestyle I want rather than conforming to some 1890s factory idea of the 9 to 5.

Another example: there is no need to have 15 people teams with idiotic daily standups. By building my own business, I get to work with only myself (yay), and some other people to whom I can outsource things I'm not good at, and not waste time on idiotic corporate rituals.

And as for McDonalnds, well, I been in the tech industry for over a decade now. That's what I know. I don't know anything about store locations, managing staff and stock. Sure I can learn, but it's smarter to leverage my existing knowledge rather than starting from 0. And also a physical business means more exposure to working with other people, and a more typical hierarchical structure.

Stuck, boring, and comfortable in 9-5 routine.

I, have become . . . comfortably numb, myself . . .

Maybe for a long time, I've considered 9-5 to be easy hours but what happens during that time needs to be uplifting in some way. Some big way would be good even if it's not financial.

The stuck, boring, and comfortable could be juggled or rebalanced on their own, or you could throw in the 9-5 for some other schedule or commitment. Or dig deeper from where you are now until you hit a promising spark, in spite of any disappointments that may be obstacles.

Over many years of employment I had no doubt I would be an entrepreneur, and a boring 9-5 is no more real work or commitment than a more uplifting 9-5, but I never could have started my company on the side during any of the boring times.

I think the ideal situation is where you look forward to going to work every day because you accomplish something for your employer, and you look forward to coming back from the employer whether it's home for R & R or to work on your own future business. You need to feel some worthwhile anticipation either way/direction.

For me 9-5 is not a problem in itself, but commuting can be the big downer, and a lot of it can go together if it turns out that commuting with the mainstream is what the real problem is. A revised employment schedule with a bit more time commitment can still be OK if it takes away from a more painful commute. You need to look forward to your destination both coming & going, and the anticipation needs to outlast your travel time each way.

It's never going to be like driving to Disney World, but that's an extreme example for many people of how long a trip you can sometimes maintain anticipation for.

Why do you think building a business will fix the problem you feel?

Probably because he wants a lifestyle business that will let him make a reasonably comfortable living without working 9-5 every day for 30 years.

You can do this by being a franchise owner too, or by being a real estate agent, or lots of other flexible careers, but he's not choosing those paths and exploring why will help him figure out what it is he is really after. He already has a comfortable life and could probably live frugally and then live off investment income in much less than 30 years if that was what his main motivation was, but I think ultimately even if he succeeded at that he would find that his original lack of meaning remained, just with more time in the day.
This is a good point, that understanding the underlying personal outcome is important. For me this helps narrow the specific businesses or arrangements that I should consider.