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Welder
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Default Nov 11, 2014 at 11:53 AM
  #1
I am fixed on starting my own business and just can't stop thinking about, planning, organizing, goals etc. It would a one man operation, myself with a small amount of risk and about $10,000 in startup money. But I have had thoughts of starting different businesses before, some I attempted and failed. I feel I need to make some kind of mark on the world, something will see and appreciate. I feel I need to be recongized for what I do outside my home, being a husband and father. I have not worked in over a year and I hate it. I not sure I could it or even working again, I have my doubts.
Any thoughts?
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Default Nov 11, 2014 at 12:09 PM
  #2
My husband and I have our own business on the side. We rent inflatable bounces and other things for parties. I love working for myself.

I think bipolar people do well with their own businesses. To be successful, you can't be afraid of taking risks, and hell, find me one bipolar person afraid of a risk. Lol.

If you want to do it, go for it. You only live once.

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Default Nov 11, 2014 at 12:23 PM
  #3
How long have you had this idea? Are you sure it's not manic and spontaneous? Wait for a week or two, if the idea doesn't disappear, go for it.

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Default Nov 11, 2014 at 12:33 PM
  #4
Is this an idea you have had before? Is it a business you have knowledge in? Just make sure this isn't a manic whim before you put down money

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Default Nov 11, 2014 at 01:00 PM
  #5
What is life if not to try and fail, and try again. I say that if you have planned it out in detail and you are confident if could work then go for it. Unless the amount of money will leave your completely destitute.
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Default Nov 11, 2014 at 01:22 PM
  #6
Quote:
Originally Posted by Welder View Post
I am fixed on starting my own business and just can't stop thinking about, planning, organizing, goals etc. It would a one man operation, myself with a small amount of risk and about $10,000 in startup money. But I have had thoughts of starting different businesses before, some I attempted and failed. I feel I need to make some kind of mark on the world, something will see and appreciate. I feel I need to be recongized for what I do outside my home, being a husband and father. I have not worked in over a year and I hate it. I not sure I could it or even working again, I have my doubts.
Any thoughts?
Frankly, I would heed the advice to wait it out because you do sound a bit elevated.

Write down your plans, though, and make a spreadsheet with dollar calculations. Do not just carry those thoughts in your head. First, do a braindump -write down whatever comes to mind. Get all your thoughts on paper. Then, create a file just listing your thoughts. From there, go to the more structured form of a spreadsheet.

Not only will it be helpful if you decide to pursue this biz, but also it will show you whether you are serious or just projectizing. If you get bored organizing your ideas in a written form, that would point towards the "this is mania" scenario; if you get inspired and energized by giving some shape and form to your planning, that would point towards the "this is a serious proposition" scenario. Sort of like a litmus test.
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Default Nov 11, 2014 at 02:38 PM
  #7
I'm in the same place, Welder. The above posts give good advice. As for being bipolar business owners I think we can do it!!

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Default Nov 12, 2014 at 01:06 PM
  #8
I spent a year on a high planning out my business. I ended up being very successful at it too. Won awards even (it was a service type business with a little retail). But in retrospect it was most definitely part of a cycle. I was so high on the details. It consumed me. Once the business was a success, I wasn't interested anymore and began a cycle set out to destroy it little by little (overspent on merchandise, closed shop early for no reason etc). I don't deal well with success and do everything I can to self-defeat without realizing what I'm doing until I've already defeated myself.

My advice is to take it slow and don't get caught up in the high of it.
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Default Nov 12, 2014 at 01:36 PM
  #9
Thanks everyone for the advice keep it coming. Door, you make some good points.
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