This content has been marked as final. Show 1 reply
You definitely seem to have great ambitions. By the looks of your post, however, it seems you are trying to do too much too soon. Remember the old adage, "Rome wasn't built in a day?" Well, the same applies to companies.
Sit down with your three buddies and identify one anothers business strengths and weaknesses. Then, each person should be able to work the part of the business that best suits his/her strengths. Granted, there will be some tasks in which all of you must be proficient. However, with each of you focusing on your strengths, there will be synergies that will really help your business take off. If your buddies remain passive, then it's time for the four of you to reassess one another's commitment to the business. Get rid of the least committed and go it with the rest of your partners, or seek new partners,
If you find you must go it alone, there is nothing wrong with doing it on the side. Start small. Each small victory will build your confidence, reputation, skills, and project management skills. As you take on more projects, you can save some of the funds from each project so that you will have built a cushion to leave your full-time job and take Oracle full-time. Then as Oracle grows from there, you can pursue the lofty dreams you've stated below. OR - you may find that your goals have changed. In either case, that's OK!
Mitch, I wish you the best of luck!
P.S. - If you've got partners, also make sure your business organization is structured as either an L.L.C. or a corporation; in a simple partnership, all partners can be personally held liable for the debts of the business, no matter which partner made the fateful decision that caused the business failure, and no matter what share of the business they hold. If your partners are not committed to the business, a simple partnership can make your financial life miserable. Talk to a lawyer about incorporating or organizing as an L.L.C. if you haven't already.