As I sat with my family tonight, I thought about some of the factors that went into my decision to start my own business. I’ve always heard that only people that are single or folks that have two working parents in a family are the only ones that should risk starting their own business.
I guess I didn’t listen to that. Now granted for my situation, my acceptable risk threshold was much lower than a single person. I had to consider things like the cost of individual insurance vs group policies, or questions like how long could I survive with no work?
Also, I know those kind of thoughts never go away as an entrepreneur. They may evolve based on the degree of success, but we are always trying to play the game many moves ahead. I’ll have to accept there has to be a balance. Why work if I can’t enjoy life and family along the way.
To give some peek into my first week as an entrepreneur: Priorities have changed, distractions are happening, and I’m more excited than ever about it. I’m pretty sure I got COBRA setup for the rest of this year and still working on long term disability and life insurance. Soon, I’m going to be working on rolling over my 401K into a self directed IRA and preparing for open enrollment for health insurance.
Surprisingly I’m pretty calm about it all. I feel like I’m partnering with the right people and I’m handling everything right in motion; that or my new really nice office chair is just extra comfortable and I really should be freaking out.
Anyways, good week, if all the weeks were like this one, I’ll take it!