Tell Me...What Should I Do?

[Lambo]

Okay fellow entrepreneurs, this is the situation.

I recently completed a 16 month paid internship with the accounting department in a giant oil company. At first I thought I had it made, but then I learned about the teachings of Robert Kiyosaki and other financial teachers.

Now I know that the rat race isn't for me and my mission is to create a business of some sort and create passive income through leverage.

Now i am about to start my last year at university and the company has offered me a full time position upon graduation. It pays roughly 60K or so which is not bad and it is going to be different then my old position. The problem is that they want to know by the middle of September.

This way they dont let people search for other opportunities.

I dont really want to go back, but then again I dont have a solid Plan B. I know i want to start a business, or do something other than being a cubicle monkey, or go overseas to work tax free (my family is currently overseas)

What should I do? Take the entry level job or try to devise a Plan B. Its a good opportunity and there will be no hassle of looking for opportunities during my last year at uni, but then again its not really what I want to do.

[n/a]

wow sounds like such a good opportunity. Thats a VERY good salary for being right out of college. If you dont have any solid b plans yet I say go ahead and take it. You dont have to do it forever. Tell yourself you will give it one full year and see where it goes. During this time period you can be thinking about your own business and after a year determine if you are ready to go with your plan B. Plus the income will be nice to save up so you dont need as much outside investment to start your biz.

[CIsaac]

If passive income is your goal, you can do that and keep your full-time gig. It's a buyer's market right now. Get your job and start looking through newspapers for foreclosed homes or for sales to get your first property. Save up some money for initial working capital and cash flow and leave your job as soon as you can or you'll be stuck.

[JaytheCreative]

You know you want to own your own company, but it sounds like you don't know what type of business you want to go into.

So, I say, take the position, research Economics and Finances on your own valuable time with the goal of learning about personal and business financial management (on a global and local scale), research entrepreneurship resources, etc., and find out where you would like to go.

Meantime, use the 9-5 job to A) pay off your debts
B) SAVE SAVE SAVE SAVE AND BE FISCALLY CONSERVATIVE (yea, you may be able to afford a new car now, but in todays market, it's best to invest in a reliable cheaper vehicle and/or public transit)

C) Search and think of business ideas (Brainstorm, Brainstorm, Brainstorm!), and write-up rough drafts or even final drafts of different business plans (or business plan proposals, simply a catalog of business ideas u have)

D) And NETWORK NETWORK NETWORK: Businesses arise from either 1) Inventive new product service development (think iPhones for example), and 2) Needs/Solutions Supply (computer technician, auto repair, financial consultation, for example). Now, as much as #1 is more your own personal project, the answer to #2 could come from peers who you talk to about problems, colleagues, or event customers who vent about something they hate or would like. These are where you can find business ideas.

And also, above all us, go what I call, "Live by your Goals" and give yourself deadlines to when you want to be ready to leave your 9-5 and start your business full-time.

9-5 aren't bad, just not the retirement plan for most of us of our generation. But, it is a need for us temporarily, unless we're lucky and created a hot idea like Mark Zuckerberg, founder of Facebook.com, or we come from the sperm of Donald Trump and friends. So, get that job and let that be your cushion for a while

[flnazrael]

I love Robert Kiyosaki's books, but there is a lot of controversy over his past. None of it is really verifiable, and some people think he was broke UNTIL he wrote the books.

Regardless, the principles are awesome - and I am like you, the idea of being a 9-5 drone makes me sick to my stomach. There is nothing better than working for yourself.

With that said, I started my business with virtually zero capital. I have always regretted that. I think if I had worked 1 or even 2 jobs for a period of time and saved a lot of money, I could have been so much further along than I am now. I have dozens of ideas but have not had the capital to make any of them happen for the longest time, because what profits I did make just went to pay the bills.

So you have an awesome opportunity. The best guideline I've ever heard is, work your job and build your passive income... and don't quit your job until your passive income matches it.

[mikek]

You seem to understand the great opportunity you have. I suggest you take the job, and who knows maybe you will eventually learn things about the industry that you can take advantage of in your own company. Use this as a learning experience, to find out your likes and disliked in this industry and career path. Definatly save your money, it won't hurt, trust me.

Good Luck!

[1entrepreneur]

Take the job. Work on plan B on the side.

[ferrer76]

I have the solution for your problems. If you have better knowledge on your subject and if you have some leadership qualities you can make money as an Entrepreneur. As there are many business organizations need them you can put full stop to your silly rat race by joining any business as an entrepreneur.

[RLorenzen]

Take the job, network, save money, then start your own business.

[yakapo563]

Where more than 2 agree, so be it. Take the job, and look for what it is you really want to get into.

Joe

[Lambo]

thanks for the responses......seems like working on a Plan B with a job is probably the best bet.

[ferrer76]

With Face book we can't make any money but if we have any business online we can get popularized on Face book from which we can assume to get money but directly we can't earn anything.

Regards
Entrepreneur

[Aletheides]

Take the job and find your real sense of direction when you can get some free time.

It only takes 1 or 2 hours a day, but make sure you put in those hours.

[jackmcmanus21]

take the job, 60k is terrific out of college. You could always research while you're there and go out and look for the next step.

[HugoBoss]

I started my business with virtually zero capital
May I ask, what business did you start, I have close to zero capital and would like to do something with it , before its all gone lol.