If you were to get $3 million USD dollars right now, would you drop your business/start up idea? $3million is not a lot now since a home is already average about $1 million and more in desirable cities. Would you take the $3million, live off interest and investments and travel or what ever you want to do or would you still start your business and toil for a business that may or may not be successful? What are some factors contributing to your decision?
I would immediately quit my full time job and dedicate full time to my business. I have no intention to live a luxurious life so I wouldn’t change how I live. It’d be a dream come true.
I’d spend a lot of my time networking and knowing key people in the skydiving industry and get some mentorship from experienced entrepreneurs and developing the product. If at the end of the end the idea doesn’t take off, I’d have a lot of experience and knowledge that could lead to something else. I wouldn’t wait for the 3 million to run out before making that call.
If everything else fails I can still get the same job I have now.