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Re: Thinking about leaving my cube

silvercell18 — Fri, 16 Jan 2009 20:35:37 GMT

I know this question is old, but I hope the answer helps others down the line.

There's nothing wrong with making sacrifices, just make sure that when you jump and follow your dream to check that all financial loop holes are taken care of. With a new kid, a family and a pretty stable cube life...it might be ok to just bite the bullet and ride it out. Save up some money then build the best restaurant when you feel like you're a little more comfortable.

Re: Thinking about leaving my cube

Bluesuit — Sun, 04 Nov 2007 03:47:25 GMT

This gives me a lot to think about. Thanks to all. Since, I last posted I have been using all my free time to plan for the restaurant, and intend to do so, moving forward. My wife and I talked about it, and she's very supportive of me pursuing my dreams. We agreed that I wouldn't do anything drastic with my current job, until at least 6 months after the baby was born.

Re: Thinking about leaving my cube

WEBillions — Sun, 04 Nov 2007 03:09:50 GMT

Having just started a business and also being pregnant, I can tell you now it not the time to rush into self-employment. That's not to say you shouldn't do it, but you should put some careful consideration into exactly want you want to do and if you are cut out for it. There are some ideas about what do to at my blog mickysbusiness.blogspot.com. DO NOT quit until you have a clear plan in mind and even then you might want to try working on it part time at home to make sure you would really enjoy doing it for the next 5 years or more. Keep it mind that it will take some time before your business starts making money. Make sure your wife is supportive of the idea--it's not only your decision. Maybe she can even help out if you pick something both of you enjoy doing. I work with my husband. It's nice to work together on something you both feel passionate about.

Re: Thinking about leaving my cube

DomainDiva — Wed, 31 Oct 2007 15:52:31 GMT

Jewish Mother Moment here:

Yes you want that business but your first responsibility is to your wife and soon to be in the world baby. The good news is you can actually start making PLANS now.

Decide what kind of restaurant, where you want the location to be, develop a business plan ...AH!!! I sound like Luckiest now and start researching financing. Will you be the Chef? How will you find one? Do your homework NOW and be prepared for the future. YOU CAN MAKE IT HAPPEN!!!!

Make sure you keep your wife in the loop for everything you are doing and one day you will be ready to say 'adios' the the cube.

Re: Thinking about leaving my cube

fjuarez — Wed, 31 Oct 2007 15:46:35 GMT

Hello Bluesuit,
I know exactly what you mean and took the plunge a year ago, however, I decided to keep my day job until we could get the business into a profitable stage. I was lucky that I have a family that has been in the business for over 25 years and that made the huge difference. But having a business plan helped me discover a great deal about I didn't know about the day to day operations and all the legal/finance stuff. I let my sister run the business while I manage all the finances and that has helped but I tell you breaking into the restaurant business takes a lot of work and you have to have some sort of connection to the business/community to help your business. I am proud to say that we have survived our first year, on Nov. 1st we will celebrate that anniversay, but I had lots of help from SCORE, BofA and other groups to help me with finance, business plan and other critical issues.

Live your dream! Plan it and execute it!
F.

Re: Thinking about leaving my cube

emilyyep — Wed, 31 Oct 2007 15:03:51 GMT

Hi BlueSuit,
I am a Career and Business Coach and I help hundreds of people change and transition into businesses every year. I have started 3 successful companies and am now a solo entrepreneur, so I know what it takes alone. My services are not free for a reason, I give very personal attention and consultation, but very reasonable, and I offer very personal support and coaching. I have helped hundreds change their lives. I offer a complimentary coaching consultation , and this is no obligation. It is 25 minutes over the phone just to experience it. I am located here in SF, all my coaching is over the phone, since people are busy and they need the laser coaching.

Something to consider,

Emily Yep
Creative Transition Coaching
www.ctcoaching.com
1.888.293.2012
emily@ctcoaching.com

Re: Thinking about leaving my cube

MP_of_MP — Wed, 24 Oct 2007 00:08:35 GMT

I was one of the 8500+ people laid off from Cisco Systems in 2001. It marked the end of 30+ years working in cubicles and warehouses. I own my own business now. It is not always profitable, easy, convenient, or logical. I wouldn't have it any other way. Life is short. This is the Internet Age. In addition to this resource from Bank of America you have unlimited FREE support that will help you strike out on your own.

You have a unique oportunity to separate yourself from the "woulda, shoulda, coulda" people who leave this world with BIG regrets. Don't be one of them.

Best wishes to you for your continued success. Do what you love. Love what you do.

Re: Thinking about leaving my cube

Lighthouse24 — Tue, 23 Oct 2007 23:20:19 GMT

Take whatever free time you can afford to spare and spend it learning all you can about the restaurant business. It's a tough business, but the upside is that you don't have to rush into it to be on the "ground floor" or to take advantage of some temporary fad. People will always want to dine out, and there will always be a market for new places (especially in SF). So you can take the time to do it right.

Starting and running a business involves a lot of risks and a lot of mistakes. Your question indicates that you have a sense of responsibility to your family and your finances, so if you can reduce the risk by making most of those mistakes on paper or in someone else's kitchen/dining room -- rather than in your own establishment when it costs you real money -- you'll avoid a lot of worry and stress for you and your wife (not ALL of it, but a lot of it!).

Go for it, get outta the cube! Even if you don't actually quit your job or open the doors to your restaurant for another five or ten years, you can start in that direction right now!

I wish you success.

Re: Thinking about leaving my cube

Wingman — Tue, 23 Oct 2007 22:51:03 GMT

The responses you've received so far are all on the money.

I too was in a cube and I made the jump into my own restaurant. I set everything up for the business during evenings and weekends. I quit my corp job the day before receiving inventory and training my staff.

Other things you REALLY need to consider:
How much of a risk taker you are
Are you comfortable with managing 'non-corporate' type people
Can you handle the stress of running a restaurant during peak dining periods
Will your spouse support your efforts and your dream. You're both in this together and it will take everyone in your family to make this a go.

Alos keep in mind that even if everything goes the way you want it to, the restaurant could still fail.

Good Luck

Re: Thinking about leaving my cube

LUCKIEST — Tue, 23 Oct 2007 17:19:31 GMT

It is the American dream to start your own business. You have gotten 3 good answers so far.
Lets try another approach. Tell us more about yourself, like age, education,what you do now and how long
you have been at your current job. If you stay at this job where do you see yourself in 5 years??
Next. Have you Developed a Business Plan for this dream restaurant??
Do you have the FUNDS and background to run a restaurant successfully??
SCORE helps people going into business, both in person and on line and their services are FREE.
Good luck, LUCKIEST