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Old 12-12-2005, 04:08 PM
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Default Re: What\'s my next step?

I quit my boring (high-paying) job not long ago because I hated to go to work every day. I'm more the "go it on my own" type anyway and I know you'll never make alot of money working for someone else. So you sound a little like I did. I don't just play poker though, I have another business that I am developing. Poker is just my part time job right now.

Guess what? I "work" more then I did when I had a regular job. I have to. If I don't work then I don't make money. One of the things about a regular job is that if you go into work one day and only work about an hour they still pay you for eight. Heck, it's what most people do.

Ask yourself these questions:

1. Am I willing to work more then I do now? (Not with someone to motivate you either. You have to have self-motivation.)
2. Can I stand the pressure of having success or failure completely on my shoulders?
3. Will I miss the social interaction of the workplace? (It's a very valid question)
4. Do I have a plan?
5. How long could I go without making any money? (How much capital do you have. You should have enough to last at least 3 months plus your bankroll)
6. Do I have a fallback plan if it doesn't work or I don't like it?
7. Will I like it better than my current job? (really think about it.)

So, if you haven't really thought it through then answer these questions.

REALLY think about a business plan before you do anything and draft one up. Write one like you would use if you had a business idea that you were selling to someone. In other words, would someone else think that your plan would work, based on capital, experience, past performance, etc..

Hope that helps a little.
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