Editor’s note:Tim Chen is the CEO and co-founder of NerdWallet, which helps consumers make financial decisions.
The mystique around starting your own business is thick. The romanticized view of founders slaving away in garages ready to unleash their “great idea” upon an adoring public and fawning investors is the stuff of American dreams.
The reality is businesses are often born in desperation, fueled by loneliness and doubt. The distance between starting your own firm in your bedroom and hiring your first employees is a long stretch filled with empty Dominoes boxes, dwindling bank accounts and unreturned calls. But the myth is right when it comes to job satisfaction – once you earn your first dollar under your own steam, you can’t imagine working for anyone else again.
I doubt I would have started my own business had I not been let go as a hedge fund manager at the height…
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