01-04-2007, 06:04 PM | #1 |
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Bored to Tears in Career, PLEASE HELP!!!!
So a brief history...
I graduated from College (Maryland) in 1998 and almost immediately became a market maker(equities) out of school. I did that until 2003, when profitability for a market maker became almost impossible. During the end of that time, I wrote a small(tiny) program that calculated stock spreads and figured that maybe Tech/Software was the direction to go. So...for the last years I have been working as a Business Analyst/Project Manager doing software roll-outs for large I-banks(all if which you have heard of). I am an independent, incorporated consultant, not an employee of the banks I have done projects at. Problem now is...Money has been great...but I am BORED OUT OF MY SKULL. This work is so "dry and boring" that sometimes I feel like it doesn't justify the paycheck. What do I do? What CAN I do? I've considered going into business for myself, but I don't have a quality idea. I'd love to perhaps buy into something, something that I have a passion for(a car dealership maybe)??? I don't know. It just sucks that I sit and pour over software layouts and financial records all day, when in fact, I somebody with a very "fast paced" personality and would probably be EXTREMELY customer service oriented in the right place. I don’t even need something full time. I could easily continue what I am doing but be an investor/non-operating partner in something. I just to b involved in something I have a passion for (I have a passion for “Money” but that’s not what I am referring to). Any ideas? Any advice? Thanks in advance. Thanks for letting me vent. |
01-04-2007, 06:27 PM | #3 | |
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I am also into sports and Tech Gadgets. |
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01-04-2007, 06:38 PM | #4 | |
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I switched fields a couple years ago for the same reason (I was bored) only to realize that I really DID like what was doing. Only by stepping away did I come to the conclusion that I hated who I was working with and not what I was working on. After 6 months I got a new job in my original field and have enjoyed it (mostly) ever since. Despite what they tell you, work isn't supposed to be fun - that's why you get paid. They have to bribe you with cash just to show up. If you do something you enjoy, then great. But as long as you can tolerate it and have peace of mind, then invest your heart and soul elsewhere.
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01-04-2007, 06:59 PM | #5 | |
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Agreed that devoting my time to kids would help me feel that fufillment I am looking for, but kids for us is still 3+ years away. There will always be hours spent away from from wife/kids in the future. Is it too much to ask that I enjoy that time? |
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01-04-2007, 07:04 PM | #6 | |
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If you have the money to buy into a dealership then by all means go for it. Have you thought about opening a sports shop or a gadget shop?? It could be something like SharperImage (tech stuff) or just a general sports shop. Maybe you could also look into a sports bar. hehehe |
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01-04-2007, 07:26 PM | #7 |
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Sports bar could be trouble...Last thing I need is to be around, beer, junk-food and things to bet on all day... :rocks: :rocks: :rocks:
A car dealership is one I am really thinking about. Problem there is I don't enough about the busines(easily solved by brining on somebody with GM experience in a role with equity). The other problem is that th cheap dealerships are the GM dealerships...some of which you can buy for $1 and some of which are even going right out of business because they are getting killed. The more succesfull lines...Toyoya(BMW!!!) are very expensive and often need to paired with several branches to be succesfull. |
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01-04-2007, 07:33 PM | #9 |
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I am putting together a business plan for a high-end automotive shop here in Vegas. I currently own an advertising company but am bored as well. I previously had a shop in Ohio but the market for high end accessories wasn't there. Much different story in Las Vegas. I already have great custom installers ready to work. I am starting a business plan. I know it is not in New York but would give you a great opportunity to travel abroad and to a fun destination. Let me know if this sounds interesting to you.
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01-04-2007, 07:47 PM | #10 | |
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Even if I did have the cash, what would I do all day? |
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01-04-2007, 08:28 PM | #11 |
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Be careful with the dealership idea. It can be a dirty business, because it's very competitive with slim margins and therefore can't always be ethical.
It depends how you feel about marking up loans, encouraging people to borrow more than they can afford and gouging people when you can to pay sales commissions and reach targets. Me? I'd rather sleep at night. Of course, that's a dark view of the whole business and it doesn't have to be that way, but why risk your peace of mind?
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01-04-2007, 08:39 PM | #12 |
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I've thought about buying into a dealership before as well but it costs way too much. I wanted to buy into a Toyota dealer but heard that it would cost about $20mil or so. I wonder how long it would take just to get that back, let alone making a profit.
Gripster- that's what scared me when I was a salesman. THe rich were always the cheap ones while it's the people that had little money that were being ripped off. It's kinda sad but I guess that's how it is. |
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01-04-2007, 08:58 PM | #14 |
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Contribute to an open-source software project that you're passionate about... something I'd like to do one day once I build my skills more
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01-04-2007, 09:53 PM | #15 |
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I'll give you the advice my father always gave me. Go into real estate, Start slowly, build up the portfolio as experience grows and eventually it works on its own. Can be done part time, needs some cash for the downpayments, but I understand that you have (or could save up). You can buy appartment buildings, convert into coops, you can buy fixer uppers and the fix them up (start with reasonably well kept properties first where you can do simple kitchen and bath renos) etc.
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01-05-2007, 02:52 PM | #16 |
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whatever you decide to do, just remember that it could be worse -- you could have a boring job that doesnt pay well.
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01-05-2007, 03:44 PM | #17 | |
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01-05-2007, 07:46 PM | #18 | |
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01-05-2007, 07:47 PM | #19 | |
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01-06-2007, 05:22 PM | #21 | |
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