Posted on Aug 1, 2014
PO1 Danilo Banta
2.55K
2
6
1
1
0
Just curious how much time you take in your business? Do you actually work on your business or "in" your business? And does your family support you with your busy schedule?
Posted in these groups: Scales of justice BusinessEntrepreneurship logo Entrepreneurship
Avatar feed
Responses: 3
SGT Richard H.
0
0
0
Edited 10 y ago
When I had my business up and running, I worked an average of 14 hours a day, and anything less than 6 days a week was uncommon. Working at home on bidding, billing, payroll, etc. on Sundays and late evenings was the norm.
In the long run, that's why I made the decision to back it down and go to work for someone else. What I make in the workplace is equal to or slightly higher than the "owner benefit" was with my company, and with a whole lot less hours and headaches.

With that being said, I would never discourage doing it yourself, just don't go in blind. Understand that you will have to bust your butt to make it work, and the harder you push, the better it works.
(0)
Comment
(0)
Avatar small
LTC Yinon Weiss
0
0
0
Most entrepreneurs I know spend nearly 100% of their time on their business (unless it's a lifestyle business). If you have the kind of family that supported you during military deployments, then you probably have a family that would support you as an entrepreneur.
(0)
Comment
(0)
Sgt Timothy Stuppy
Sgt Timothy Stuppy
10 y
I work full time, and go to school working on my Masters full time as well, and I have the ambition of stating my own business after graduation.  At the present time, I spend approximately two-three hours per day (over the last several months) researching, gaining knowledge in the field in which I want to get in, and tracking trends, contract bids, etc.  I am in no rush to get things going just yet...school trumps all right now.  However, once I graduate next May, I want to have everything in order to open the doors if this is the route I do choose to pursue.
(0)
Reply
(0)
1px xxx
Suspended Profile
10 y
As far as my business, I am in the process of starting a non-profit here in Nevada. I am a full time student, plus a teacher's assistant for two teachers. The college aspect takes up around 40 hours a week. The non-profit around two a week. I brought a team together to start the non-profit, spread load the work and still have time for our families.

I see too many veterans try to go it alone when getting projects done. The ability to plan your time out, task organize, and use a team is highly underused. We aren't perfect and when building a team it's important to choose people who complement your weaknesses.

I think every veteran should have a goal of either starting or becoming the leader of their organization. I believe with the skills we gain from the military we should go for our potential. Also the shifting tides of economy being self employed can bring huge satisfaction and job potential for those transitioning out of the uniform.

Regardless there should always be balance. But to have balance you must have clear goals.
Avatar small
SFC Mark Merino
0
0
0
2-3 hours depending on amounts requested
(0)
Comment
(0)
PO1 Danilo Banta
PO1 Danilo Banta
>1 y
That's nice! I'm sure your family loves it!
(0)
Reply
(0)
Avatar small

Join nearly 2 million former and current members of the US military, just like you.

close