Most of my early education was sponsored/subsidized in life, so when I had to pay for college I went with an education loan. Later when I was working and paying back loans I felt its burden for the first time. Nevertheless, there is nothing wrong in picking up loans to study. I worked for a while and in the process ended up buying a house despite initial resistance. Of course, with the help of a loan. I moved into my new home and it was all good, but I slowly started feeling the burden of paying loan every month again. I stretched myself a bit here and things were getting little tight. I did not see a very great career ahead in my current job. So finally I decided to go for an MBA (which was on the back of my mind for a while but now it felt like the push came to shove). You might have already guessed the next part - an other loan! The current program I am in is quite expensive but the bank manager saw the worth in me and my degree and gave me a loan despite already having a home loan. Now I thought this is leveraging myself to the maximum.
Two things happened today which prompted me to put down my thoughts. May be when I revisit this post in a couple of days I might be able to evaluate my dilemma more objectively. A couple of weeks back few friends of mine were discussing about a start-up idea and I ended up in the team. I told my mom and sis about this idea and though they were excited initially my financial situation slowly dawned up on them. My sister is paying my home loan now. She agreed to help me till I get back on my job which made perfect sense at that time. But if I were to go start a company she would have to support me longer and I really cannot ask that of my kid sister. Anyway, today I got two emails.
The first one from Google mentioning that they have selected our idea for Google Startup launch program - a program in which Google provides mentoring and assistance to startups to fast track their implementation. They would provide monetary assistance in terms of Google cloud credits and also mentor-ship.
The second email is from my school asking me to remit the second installment of my School fees in the next few days.
So my dilemma is how much more and how long can I leverage myself? Do I take a job and pay back my dues or give the startup a shot? My teammates are fully aware of my situation as that was the first thing I told them before I joined the team. They can go on even if I am not there so it is up to me to decide what to do next! Startups are not easy. We are fully aware of the risks. The success rate is very very low and even at that rate it takes some time before an idea can fully materialize.
Don't you ever feel like starting something of your own and giving it your full shot. Who cares if it does not work out!! We know for certain that we are going to die but that does not stop us from enjoying our lives. Startup is also a similar thing - you could have fun making something and unlike death, at-least there is a small yet finite chance that it would work out! Though all this sounds exciting and I am biased to convince myself towards what attracts me the question still remains - how much more can I leverage myself?
Two things happened today which prompted me to put down my thoughts. May be when I revisit this post in a couple of days I might be able to evaluate my dilemma more objectively. A couple of weeks back few friends of mine were discussing about a start-up idea and I ended up in the team. I told my mom and sis about this idea and though they were excited initially my financial situation slowly dawned up on them. My sister is paying my home loan now. She agreed to help me till I get back on my job which made perfect sense at that time. But if I were to go start a company she would have to support me longer and I really cannot ask that of my kid sister. Anyway, today I got two emails.
The first one from Google mentioning that they have selected our idea for Google Startup launch program - a program in which Google provides mentoring and assistance to startups to fast track their implementation. They would provide monetary assistance in terms of Google cloud credits and also mentor-ship.
The second email is from my school asking me to remit the second installment of my School fees in the next few days.
So my dilemma is how much more and how long can I leverage myself? Do I take a job and pay back my dues or give the startup a shot? My teammates are fully aware of my situation as that was the first thing I told them before I joined the team. They can go on even if I am not there so it is up to me to decide what to do next! Startups are not easy. We are fully aware of the risks. The success rate is very very low and even at that rate it takes some time before an idea can fully materialize.
Don't you ever feel like starting something of your own and giving it your full shot. Who cares if it does not work out!! We know for certain that we are going to die but that does not stop us from enjoying our lives. Startup is also a similar thing - you could have fun making something and unlike death, at-least there is a small yet finite chance that it would work out! Though all this sounds exciting and I am biased to convince myself towards what attracts me the question still remains - how much more can I leverage myself?
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