Trading corporate life for a start-up

Trading corporate life for a startup POST

 

The decision to start a business can be a scary one. But when you’re leaving a cushy corporate job where you’ve gotten used to long lunches and a big fat paycheck the transition can be a tough one.

That’s why I was intrigued by Tim Andrew’s story. It inspired this week’s Enterprise post.

It can be tough starting a business. It can even be tougher when you’re leaving the comfortable confines of a lucrative corporate position. In fact, according to cubicle escapee, Tim Andrew, it can be a rude shock.

“It can be difficult if you’re coming from the cocoon of the corporate space,” says Andrew, 38, who was a senior executive with NAB before quitting in November 2011 to work on his start-up, Splitit.com.au. “There’s no one to delegate to, no one to organise your diary for you or to get your coffee!”

He and co-founder David Ingram, 35, have ambitious plans to disrupt the online marketplace for essential services such as health insurance, superannuation, telecommunication and energy. Currently the site, which launched in May, offers price comparisons for health insurance but Andrew says other categories will follow suit.

Price comparison sites are not new and the fees displayed often include a commission which is typically collected by the site owner. So where is the disruption?

You can read the rest of the post here.

About Valerie Khoo

Valerie Khoo is founder and national director of the Australian Writers' Centre, the country's leading centre for writing courses. She is a journalist, blogger and author. Her latest book is "Power Stories: The 8 stories you MUST tell to build an epic business" (Wiley). Valerie is a keynote speaker, small business commentator, and investor and mentor to startups and businesses in Australia.