Since we’ve started dating, Kris has been coming up with ideas for his own business. Most of these were sketched out on the backs of cocktail napkins over pours of whiskey, and later forgotten in the haze of hangovers and blackouts. The entrepreneurial spirit has been strong within us always, and that’s not necessarily a flattering thing. Kris is motivated to do his own thing because he has ADD and wants to control everything. I want to work on my own because I’m a bitch and have a hard time following orders and systems that are inefficient and don’t make sense (like the ones at every company I’ve worked at).
While we’ve long wanted to work on our own, it does not mean that we were ready to do so. For one thing, we had a lot of growing up and learning to do in our twenties; while it is a decade that has seen many early twenty something CEOs, we are not part of that camp. We also had some maturing to do on the financial front. We both incurred bad debt in college, and had to do penance when we got our first jobs. When our disposable income finally increased, it was very tempting to buy all the toys and food and liquor we didn’t get to have before, like say an x-box 360 and a flat screen TV in one afternoon. Finally, we did not have good time management skills, and it’s not entirely Guitar Hero’s fault. While Kris worked in-house in startup environments, I worked as a consultant part-time and completed grad school, so we worked a lot during the week, and drank to forget on the weekend. OK, fine, and we do play a lot Guitar Hero.
So if you’re a hard-to-work-with, binge-drinking slacker couple with some ingenuity, and are wondering if it’s your time to pursue your entrepreneurial dreams, here are our tips on things to consider:
- Where does your time go? If you use most of your downtime to cure hangovers instead of work on your ideas, then you may not be ready to venture out on your own just yet. After a solid decade of binge drinking, we’re ready to hang up the (vomit) towel and make better use of our time. Which isn’t to say that we won’t be going out at all, but we won’t be hemorrhaging all of our time and money drinking every weekend.
- Are you ready to walk away from the security and comfort of a job? A stable, comfortable income is very nice to have, but it also makes you a slave to working in-house. When I finished grad school, I knew that it was a good time to experiment before I get attached to a title or salary bracket in a company.
- Are you ready to bootstrap? It isn’t easy to go back on a diet of ramen noodles, but it makes it a lot less risky to work for yourselves. Kris earns enough that we can live on one salary while we get started, so we don’t have to borrow money to try out different ideas.
- Do you respect what you each bring to the venture? For couples, it’s important to identify where your skills are complementary, and where you may have potential conflict. It was a long, painful road for us to figured out how to work with each other. A few years ago, we tried to write a sitcom script together, and didn’t get past the opening scene without getting into a huge fight in Starbucks. The problem we had was we each thought our way was the right way, and wouldn’t compromise our vision. Recently, we’ve completed a few fun projects together, and were able to do successfully, because we worked to fulfill one person’s vision with our collective talents. It just takes some experimenting to figure out how to work together.
If you’ve answered yes to most of these questions, then you’re ready to get started. Now pour yourself a drink and start sketching out a plan.