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I've seriously considered (and still am) starting a business doing something with technology. I have a ton of ideas in my head, and I think some of them would have a shot.
The reason I never pull the trigger is because I always end up putting together a spreadsheet that would show how much income I would have to pull in order to stay afloat and I get really discouraged.
I am making a decent salary right now, and I don't see how someone with a relatively small idea could make it. I know that sounds cowardly, but with debt, it's not just "oh well, that business didn't work, let's start over" - you are stuck with thousands of dollars of debt. Whenever I already have nearly $30k in student loans, the last thing I want is more debt.
It's so difficult to branch off of the salary and do your own thing!
Does anyone have any experience with starting a business, and it going completely sour? How did you recoop? Did anyone here end up with a large amount of debt because of it? How did you handle that?
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Off the record, on the q.t., and very hush-hush.
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