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Hi all.
So as some of you know, I opend an advanced beauty clinic in august of which I own 25% and 10 weeks ago I opend a new business focusing in importing and selling machines to such clinics.
So far, Im just the middle man for some agencies but I am taking most of my profits and investnig in developing my own brand so I can increase profit by up to 600% per unit I sell, a webpage, more ads, marketing material etc.
Things are so far going well. The machine business has been up and running for 10 weeks and so far had a turnover of 74k and a profit of 20k from an initial investment of 50usd (just shitty ads on craigslist equivalent sites). This gives me about 30% profit per unit I sell. Might increase to 125k next week if Im lucky.
Was also able to get a loan for 25k of which I will invest everything in the company to get my brand up and running and get 5 new machines on the market.
The problem I am seeing is that I work part time as a nurses assistent at the hospital and trying to catch up on my medicine studies.
I only work with the business about 5-10 hours a week and work 50% at the hospital so I really want this to work so I dont have to work part time anymore and just focus on things that are important to me.
The thought of leaving work is very tempting but the initial fear is still there. I mean, what if I was just lucky?
Last year this time I was on welfare due to burnout and bad insurance and I dont want to go back. Mental health is all good now but I want to be able to pay my bills on time.
I find it a little stressfull since the units I sell are very expensive and every sell counts and I feel that its whats holding me back from leaving the saftey of my work and just focus on the money I have left from my business after my investments.
I understand what someone famous said sometime ago. "Starting a business is like eating glass and staring into the abyss".
Anyway.
This situation got me thinking. When is it a good time to leave work and just focusing on building your business and what thought processes is involved?
Thanks
So as some of you know, I opend an advanced beauty clinic in august of which I own 25% and 10 weeks ago I opend a new business focusing in importing and selling machines to such clinics.
So far, Im just the middle man for some agencies but I am taking most of my profits and investnig in developing my own brand so I can increase profit by up to 600% per unit I sell, a webpage, more ads, marketing material etc.
Things are so far going well. The machine business has been up and running for 10 weeks and so far had a turnover of 74k and a profit of 20k from an initial investment of 50usd (just shitty ads on craigslist equivalent sites). This gives me about 30% profit per unit I sell. Might increase to 125k next week if Im lucky.
Was also able to get a loan for 25k of which I will invest everything in the company to get my brand up and running and get 5 new machines on the market.
The problem I am seeing is that I work part time as a nurses assistent at the hospital and trying to catch up on my medicine studies.
I only work with the business about 5-10 hours a week and work 50% at the hospital so I really want this to work so I dont have to work part time anymore and just focus on things that are important to me.
The thought of leaving work is very tempting but the initial fear is still there. I mean, what if I was just lucky?
Last year this time I was on welfare due to burnout and bad insurance and I dont want to go back. Mental health is all good now but I want to be able to pay my bills on time.
I find it a little stressfull since the units I sell are very expensive and every sell counts and I feel that its whats holding me back from leaving the saftey of my work and just focus on the money I have left from my business after my investments.
I understand what someone famous said sometime ago. "Starting a business is like eating glass and staring into the abyss".
Anyway.
This situation got me thinking. When is it a good time to leave work and just focusing on building your business and what thought processes is involved?
Thanks
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