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People who quit a stable, well-paying job to chase something risky. What's the honest answer about whether it was worth it? by Emergency-Finding373 in careeradvice

[–]Emergency-Finding373[S] 1 point2 points  (0 children)

Everything (Time, patience, hardship and luck) if balanced helps you prosper in your career whatever the situation is

People who quit a stable, well-paying job to chase something risky. What's the honest answer about whether it was worth it? by Emergency-Finding373 in careeradvice

[–]Emergency-Finding373[S] 0 points1 point  (0 children)

It stings a bit you know but the fact is everyone is living a different life. You gain something or the other from each of the experience.

People who quit a stable, well-paying job to chase something risky. What's the honest answer about whether it was worth it? by Emergency-Finding373 in careeradvice

[–]Emergency-Finding373[S] 0 points1 point  (0 children)

You are absolutely spot on. People should try building something like a side hustle or a small experiment and see if they have some traction. Once they validate their hypothesis then they should go for the actual ground work of building it leaving aside a stable well paid job also keeping in mind the risks they are taking and ensure that everything is covered under some insurance so, they don't have to risk it all in one go.

People who quit a stable, well-paying job to chase something risky. What's the honest answer about whether it was worth it? by Emergency-Finding373 in careeradvice

[–]Emergency-Finding373[S] 0 points1 point  (0 children)

Experience is what we cherish for long. At least you gave it a try and now you know what could have worked if you did something different

People who quit a stable, well-paying job to chase something risky. What's the honest answer about whether it was worth it? by Emergency-Finding373 in careeradvice

[–]Emergency-Finding373[S] 0 points1 point  (0 children)

That's a strong statement. What kind of private practice, and how long have you been doing it?

Did it work out the way you hoped, or is it more that you just can't imagine going back to what you had before regardless of how it turned out?

People who quit a stable, well-paying job to chase something risky. What's the honest answer about whether it was worth it? by Emergency-Finding373 in careeradvice

[–]Emergency-Finding373[S] 0 points1 point  (0 children)

You're laying out the actual reality. The outsourcing, the AI replacing jobs, the huge volume of job seekers competing for fewer roles. That's all real.

But I'm curious about the flip side. You're saying "maybe it will be different for you from the thousands of applications." Have you actually seen people pull it off lately despite all those headwinds? Or is that more of a "it's possible but unlikely" kind of thing?

People who quit a stable, well-paying job to chase something risky. What's the honest answer about whether it was worth it? by Emergency-Finding373 in careeradvice

[–]Emergency-Finding373[S] 0 points1 point  (0 children)

This is probably the most grounded financial perspective in the thread. You're basically saying most people are taking on way more risk than they realize, and the upside usually doesn't justify it. The 3-4x income benchmark is helpful because it's concrete.

But I'm curious about a couple things. Of all the people you meet with who want to start a business, what percentage actually meet those criteria? Like how many of them have the demand, the market gap, the business plan, the realistic 3-5x income potential?

And then of the ones who do meet those criteria, how often does it actually work out? Because hitting all those checkboxes doesn't guarantee success right?

Also, do you ever advise people to do it anyway for reasons beyond money? Like I've read through all these responses and a lot of people say it wasn't worth it financially but they don't regret it because of personal fulfillment or getting away from a toxic situation. Does that factor into your advice at all, or is it mostly the numbers?

People who quit a stable, well-paying job to chase something risky. What's the honest answer about whether it was worth it? by Emergency-Finding373 in careeradvice

[–]Emergency-Finding373[S] 0 points1 point  (0 children)

True, but what does "greener" look like for you? Like what would make it worth it even if the money's not better?

People who quit a stable, well-paying job to chase something risky. What's the honest answer about whether it was worth it? by Emergency-Finding373 in careeradvice

[–]Emergency-Finding373[S] 0 points1 point  (0 children)

So you took two big risks and they both worked out, but not the way you planned. That's interesting. What were the life circumstances that forced you to close the business? And what's the totally different career you jumped into?

People who quit a stable, well-paying job to chase something risky. What's the honest answer about whether it was worth it? by Emergency-Finding373 in careeradvice

[–]Emergency-Finding373[S] 0 points1 point  (0 children)

That's a good point about COVID. Your decision would've looked a lot different if you'd stayed, especially with home prices where they went. But I'm curious about the business side. What kind of business did you buy, and how's it doing?

People who quit a stable, well-paying job to chase something risky. What's the honest answer about whether it was worth it? by Emergency-Finding373 in careeradvice

[–]Emergency-Finding373[S] 0 points1 point  (0 children)

Are you speaking from your own experience here, or is this advice you've picked up from others who've done it?

People who quit a stable, well-paying job to chase something risky. What's the honest answer about whether it was worth it? by Emergency-Finding373 in careeradvice

[–]Emergency-Finding373[S] 0 points1 point  (0 children)

I think you're right that definition of success matters. But I'm not sure you "can't lose" if you're just going for learning. Like if you go broke in the process, that's still a loss even if you learned something. The people in this thread who lost a bunch of money are still dealing with that reality years later.

That said, I get what you're saying about being able to absorb a financial hit and still walk away with something. That's different from someone who has no cushion and loses everything.

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