Coming into this having considered this with a close friend many years ago, and the realities we saw that came up.

The very first thing you need to ask yourself is do you have a large enough nest egg to give you the runway to get a business up and running with some sort of reoccurring revenue? What is your way of monetizing? Do you have the skills needed on the development side, operations side, and business side to get you to where you need to be to make this successful.

My personal recommendation for you is to start going to various software/tech user groups in your area, especially entrepreneurial one focused on startups.

There isn’t a set profit margin for anything I’m aware of in the retail side of IT.

Theres too many variables. Just as an example, if you are selling commits for Cloud Services, Microsoft for example, could have maximums. That means if you close a $100 million commit over 5 years don’t expect 5x more margin compared to a $20 million.

If you want to break into the tech sector I’d focus on professional services. You have more control over the cost, and can communicate the value to the customer easier with less friction compared to selling “Just another HPe” reseller.

“Kinda successful” to me seems like a loaded term because it’s relative right?

I’m sure my sister thinks I’m “rich” but I’m not cracking $400k let alone a million.

Money isn’t everything to me. Sure, I pay way too much in taxes. Sure, you can take everything away and of course I’ll not be happy but it’s a blip. If I did it once, I can do it again. No question.

We make a hell of a good living. If we want something we get it. No debt. I do what I love. Does work suck sometimes? Of course! But so is being jobless or living pay check to pay check.

I’ve been asked many different times why don’t I open up my own shop. The answer is simple. I don’t like prospecting. I’m great at what I do, have an AE bring me the customers and I’ll close them!

I know of someone that basically lived off of student loans for I think 6 or 7 years?

My advice is talk to a Counselor. Seriously.

Girl a knew back in the day ended up marrying one of my best friends, when I heard about the level of debt they were in trying to get a nursing degree and a doctorate degree i could feel my gag reflex triggering.

It’s been about 10 years later and I’m willing to bet you it’s still a six figure number for the two of them combined. Love them to death, but I couldn’t do it.

I think Caller ID has kinda killed Cold Calling as a job… I’m happy to hear otherwise.

If I don’t recognize the number I ignore it. If I see the number pop up again and there is no voicemail I’ll block the number.

Doorknocking though does work much better.

The cold calling demoralizes you after your 80th call of either no answers or hang ups.

Just my $.02

There are SOOOO many out there already.

To make things more complicated most companies don’t show pricing, or different versions of a Product that can be purchased. Let alone the fact that if you’re talking about a multimillion dollar Product the discounting goes up the more you buy. I’ve seen companies get 70% off in those types of deals.

Hate to say it, but I don’t think it’s worth spending time on.