Startup innovation vs. cash flow
Hustle to build sweat equity or sell yourself and your time?
I’m new at being an ‘entrepreneur’, even though I’ve always been entrepreneurial my whole life. In grade two when the class was asked to answer one thing they are good at, I said “ideas” when most kinds said stuff like soccer, or something cute. I have no shortage of business ideas and projects just around the corner, but the challenge with entrepreneuring is in the execution and the details, as the devil is always in the details </end quote from old boss & CIO>
That being said, I’m not new at business by any stretch. I know I’m a savvy businessperson, but am I savvy at running my whole consulting and freelancing business i.e. manage a cash flow positive revenue model while still leaving time and energy to build my startup — to create something innovative and disruptive, with the potential to be the ‘next big thing’?
This is the crossroads I am at now, being a freshly minted MBA grad with a fresh perspective and near-blank state to start with, once again. I have refrained from job searching and applying to any jobs because I wanted the freedom to create my own, but as money, debt, cash flow and real-world economic challenges start to set in, I do find myself missing my somewhat-cushy corporate job with the steady income. Do I pursue my dream and continue to earn negative income until I make it big, or do I work harder to get more consulting contracts? Build equity or build cash flow — what is more worth hustling for? Hmm.