OK, so the title may be a bit dramatic but I truly feel the decision I made a few weeks back and executed this morning may be the most important decision I have made outside of children and marriage.
Today I walked away from a six figure income at a leading technology company to focus on starting my own business. After 15 years in the corporate world it was time to take that leap and believe in the possiblities of what I can create and what has been created over the past several months. I could tell for sometime that I had really lost the passion for next generation telecommunication networks (I had been involved in carrier class VoIP networks all the way back in 1996 at ATT) and my heart just was not in that piece of the communication world.
As many of you know I am a big fan of Geo domains and believe now is the time to act to create a business to take advantage of the shift to “hyperlocal” search that we all have seen as part of the domaining community. Back in December I had an idea for a business model that would allow for certain customer types to be targeted more effectively than they have in the past and along with some other services would create an online marketing solution for small businesses that could not be matched by other media and technology companies.
Initially I had planned to stay in the shadows a bit and let my business partner work the sales front and I would provide technology and marketing vision and drive the company from that side while I worked a rather demanding full time job. It would not be possible to provide much time to this endeavour and it was only fair to the company paying my paycheck that I gave them full effort on a daily , nightly, every minute of the day basis.
After the intial alpha launch of our site the intial reaction and success showed that we were onto something that would scale well and create a solid revenue stream for the company rather rapidly. But at the same time, once you see the possibilities you see that committing yourself fully could make the business much more than if you focused only part time.
So, after a few months of very deep soul searching I realized, do what I love. If you work on what you enjoy you will be successful, although there will be stress starting a business (Although strangely I feel none), at the end of the day the freedom and fullfillment you get from creating something and watching it grow is so much better than the daily corporate grind. We have only been operational for a short time but the experience of watching customers react in such a positive manner is that much better when it is something you created (with a team, and never forget that).
Thanks to the domaining community for giving me the ability to create such a business. The support and advice I have received from the domaining and development community has been great.
Lesson learned here, develop, develop, develop, find an idea that is interesting and works from the business side AND that you will enjoy and good things will happen. Find a hole and fill it, provide solid service at a fair price. People will buy.
It is a GREAT DAY!