Quote: (08-07-2014 05:08 AM)RawGod Wrote:
Why not establish the online business that will make you $2-3k/month asap, then get your ass over to Ho Chi Minh City, China, or another hotbed of mobile entrepreneurialism and work on the concept that will make the big bucks? Sounds like you have two specific ideas in mind, and that's great, but there are many more possibilities out there.
The big bucks is really only viable in the US. It's an ecommerce opportunity that I'm 90% sure I'd have to startup in America due to shipping costs. Unless I can work a dropshipping deal in the near future - then I could hit up HCMC. Trust me, HCMC has been on my radar for a while.
Quote: (08-07-2014 05:41 AM)Constitution45 Wrote:
Count yourself fortunate that you are already ahead of most people in your age group, and have these two options available in the first place.
2-5 years is not a long time, if you are really able to start up a company worth millions in that time, then I say go for it. Especially as you are in your early 20s, screw this whole "forever young" mantra, that our generation sings in clubs, we aren't forever young, building empires takes years of hard work, but its the adventure and mission in the first place that keeps us alive.
Is there anyway you can do both, it may take longer work in the process, with learning a new language going to a foreign country, but people have done it before. I don't wish to go into too much detail with my plans, however I am actually facing a very similar situation to you, feel free to PM me.
I completely agree with ditching the forever young thing. Most people our age waste themselves away getting hammered every night. I have no problems with partying...but only to really celebrate our accomplishments!
I appreciate your thoughts. And I'll shoot you a PM a little later tonight. I may actually be able to do both, yes. It would just be a little bit extreme. But yeah it's insanely tough to be young and justify starting a business in America because there are so many other emerging markets. But at the same time, it could really pay off because so many other people are discouraged because > higher barriers to entry US markets > less competition = better odds for us to capitalize.