faisalp |
10-17-2004 07:22 PM |
bdjuf
I am also a young guy, at 22 years old I am currently in second year of law school, I did a 4 year honours BA before that.
I have been doing business online throughout all of this...going on 6 years now including high school - school is doable and university is not as hard as you think :) I managed to do it and run 3 businesses, one of which had (at one point) 4 employees and $1mil in revenues. the other two businesses are like yours....very labour UNintensive, mind-intensive work.
that particular business, while impressive on paper, was much too much work in MANAGING the people. I am now implementing the code/processes/management necessary to run my 4-employee business with one employee. BDJUF you are in a great position...your business run with very little labour. refine them so they are automated works of art.
STAY IN SCHOOL, your education is something that no-one can ever, ever take from you. it will open doors that may have required a lot of knocking otherwise. a lot of people above have said 'you can always go back' but you know what? people rarely do :) the world is just too fast once you're 'in it', and you can't go back, the money is just too tempting (rather than SPENDING time and money going back to school!) get it over with now and have it under your belt for the rest of your life. your business mind is not going to change while you are in school - you will refine it, you will learn to MULTITASK.
my advice is to work SMART - someone earlier in this thread mentioned that the best type of business is the kind where you can automate everything. time management is CRITICAL if you want to accomplish many things. KRL mentioned a PDA...use one! Automate your business and hire smart people to handle what can't be handled by a crontab :)
additionally, graduating from university WHILE also making serious bank in business is an accomplishment in itself, and if need be will open many doors. it shows maturity and the ability to be accountable on many fronts.
in no way am I saying to give up the entrepreneurship; I know that it is the result of an inner drive only a select few have. However, I can tell you that from my case, I will be graduating with 7 figures in the bank, a BA and a law degree...my fellow classmates are graduating $50k in debt and fighting for jobs.
with hard work, goals and time management, you can do it
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