Comments
Analytical Startups Form New Business Wave
View Comments: Newest First | Oldest First | Threaded View
Re: Quitting Your Job. No Thanks.
  • 10/27/2013 3:04:53 PM
NO RATINGS

kq4ym, - I tend to connect with your view on this. Its no wonder that successful startups are from fresh graduates and younger. people who have less to lose at the time and indeed few to no dependents in most cases. They can take time on a gamble. the more settled you are in a job, the more difficult it will be to quit and start on an entrepreneurial journey. Maybe weekends.

Re: Quitting Your Job. Maybe...depends on the circumstances
  • 10/26/2013 9:24:25 PM
NO RATINGS

Talkerz, I would agree that luck plays a role but you must set yourself up to be lucky by competently addressing all essential factors and luck will then factor in.

Re: Quitting Your Job. Maybe...depends on the circumstances
  • 10/26/2013 9:13:35 PM
NO RATINGS

True. You need luck and a nice healthy bank account to tide you over

Re: Quitting Your Job. Maybe...depends on the circumstances
  • 10/26/2013 3:22:26 PM
NO RATINGS

Not all startups or private ventures carry the same level or type of risks. To even consider quitting one's job to pursue, involves evaluating many factors with some beung unique to the individual. The key factor to me is conviction. How strong is it? In the words of Clint Eastwood, 'Do you feel Lucky, punk?'.

Re: Quitting Your Job. Maybe...depends on the circumstances
  • 10/26/2013 12:11:28 PM
NO RATINGS

Excellent points Michael

Re: Quitting Your Job. Maybe...depends on the circumstances
  • 10/25/2013 12:03:25 PM
NO RATINGS

I agree that it is tough to even think about quitting your job without having some tpye of "backup plan" in the current economy.  But I also feel as though we have to step out on fiath, take a chance, a risk and see what the results will be.  What if all of the entrepreneurs and businesspeople who created all of thee great companies and products had hesitated or even decided against pursuing their dreams? What if Bill Gates would have wne ahead and pursued his Ivy League education?  We never know where our dreams and goals may take us, but if we stay in the "shell" of a job and not step out and live out our dreams, how will we ever know what we can accomplish.

Analytical DNA
  • 10/25/2013 11:32:24 AM
NO RATINGS

So Michael, what do you think: Is Hakes' "analytical DNA" really the analytics culture we've been talking about almost from Day 1 here at All Analytics, like in this piece: Analytics From the Top Down & as Deep as You Can ?

Re: Quitting Your Job. No Thanks.
  • 10/25/2013 11:28:30 AM
NO RATINGS

@kq4ym -- much better than quitting a job to start a new business is being able to work in a startup-like environment within your current company -- and then have that spun out... like Sears did with it's MetaScale subsidiary: Sears Sees Future in Data Management Service

Quitting Your Job. No Thanks.
  • 10/25/2013 10:35:25 AM
NO RATINGS

Would I quit a job to form a new business? Probably not. The risks involved in finding success in a new business are way way againt the odds of failure. Unless I was independently wealthy already or had partners who put up the money (or venture capital) the odds just would not favor the bet.

And that may be exactly where we are. Novel ideas may get funded by others who can afford the risk of failure and take the gamble of a very big payoff. But that choice is not going to be available for the average hopeful entrepreneur.



INFORMATION RESOURCES
ANALYTICS IN ACTION
CARTERTOONS
VIEW ALL +
QUICK POLL
VIEW ALL +