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Entrepreneur

Well, its official. I have turned in my two week notice at my current position and I am pursuing other options. We have enough of a padding to last long enough for me to sort this out. (My fear is talking there)

I’m very happy about this first decision and I have lots of options. Nonetheless, I am very much struggling with this life decision. The lucky part is that I can actually make this choice with the career path that I have in web design and online marketing. Here are my options:

Option 1: Accept a FT Corporate Job - The “Logical” Choice

Pros

  • Steady income to support my family, benefits (health, dental, paid time off)
  • Opportunity for learning from others and new environment
  • Career growth potential
  • Escape from the cubicle and florescent lighting

Cons

  • Not enough time to do my freelance work, be a mom, take care of the house, etc
  • Potential to be ‘more of the same’ in terms of politics and personalities
  • 401 K hasn’t been a reliable investment vehicle for retirement

Option 2: Accept PT Work + Freelance/Businesses - The “Tempting” Choice

Pros

  • Flexible hours, variation in work
  • Ability to pursue many projects and avenues (web, businesses, writing)
  • Pontenial to be happier by feeding my creative outlets, feeling of acomplishment
  • Ability to help many small businesses and increase networking
  • Ability to be there for my daughter more, especially when she is sick

Cons

  •  Inconsistent income, no protection from month to month, no paid time off
  • Have to work at ensuring I have additional work
  • Location of jobs may vary, though remote is very possible in my industry
  • Administrative duties increase, have to take care of own taxes, health, investments
  • Might be lonely working alone majority of the time

I want to live every day as if it was my last. I want this thing called life to matter. And I don’t know how I’ll ever be able to do that if I can’t do more of the things that I want to do with my time. Having a little 2 year old means that I don’t have any ‘down time’. The time I have is absolutely precious.

But whether I’m following my heart and whether I’m taking care of my responsibilities might be two separate things. I am the sole bread winner right now in our household. Is this just a timing issue or is it the right time to make the leap?

I’ve made a hard choice which is to quit my job to start to really craft the life that I want to lead. But now I need to get more specific and really play out what my life will look like depending on what path I choose.

If there’s one thing I’ve learned it is that there are no black and white answers. I’ve  also learned that people are willing to be flexible working with you if they truly value what you offer.

Often times its fear that prevents us from taking a leap. If I can get past the fear, what choices would I make?
Option 2 hands down. Can and should I overcome this fear?

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How to Choose? Pay Off Debt, Save, Invest or Build a Business

February 23, 2010

In my pursuit towards financial freedom, I have been able to narrow down my goals and realize key elements that I want to focus on for my career and life style.

I have now managed to categorize and budget my expenses, long term and short term savings accounts, and I have begun to understand tax rules and how they affect investment accounts and options.

Nonetheless, I still find it difficult to determine the order and priority to assign to saving, paying off debts, investing, and business start ups.

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Launch of my New Business, OnTimelines.com

February 17, 2010

Since I began this blog I have been interested in starting businesses that are product rather than service based. I have taken that leap with my new, still working out the kinks website; ontimelines.com.

Based on the wonderful feedback from this website, I have realized an area that I really want to focus on further and offer help to others: Planning and organizing.

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Confidence, Purpose and Marketing: Ingredients for Success

January 28, 2010

I had the privilege of listening to a thoughtful free webinar by “conscious” entrepreneur Max Simon in which he interviewed Vishen Lakhiani on the concepts of creating a wealthy mind. He also spoke about how to turn a business from performing so-so to really reaching a ‘turning point’.

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Why You Might Want to Start a Brick and Mortar Business

December 6, 2009

What if in the future “brick and mortar” is going to be a key area of opportunity for the RIGHT products because everyone else is so focused online for everything else?

Its obvious why you would want to start up a business online as your up front costs are much less, overhead and ongoing costs are significantly less, etc.

But I’m not actually interested in doing something easy or cheap. Of course those factors affect me, a lot. But what I’m more interested in is finding a path for my life that would involve doing something worthwhile. I want to live a life with out regrets. And for me that means finding and starting a business that is good for me and my values as well as something that will be wildly successful.

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