Before I decided to leave college to start my first business, I went to my Uncle Todd for advice. He wasn’t an entrepreneur, but he played tight end for the Oakland Raiders and was the most successful person I knew.
He asked me how much money I thought I’d earn in my first year. I gave him an estimate. He then asked what I’d do if my business failed, and how long it would it would take me to know that it was a losing proposition. I told him I figured that I’d know within a year or two at most, and that I’d just go back to school if it happened. Then he said, ”Why in the heck wouldn’t you do it, then? You’re in your early 20s. This is the only period in your life that you have time to lose.”