Starting a business is an enticing venture, but it's far from smooth sailing. In fact, data from the U.S. Bureau of Labor Statistics shows that over 20% of small businesses across various sectors don't even make it past the first year. Starting a business isn't for everyone. It demands not only skills and resources within your control but also factors beyond it. There's a degree of luck and timing involved. However, positioned between both sides is an essential element: the expertise of others.
After I graduated from college, I moved to Maine for a year to start my own company in the supply chain AI space. But after living in the Northeast for a year, shelling out over a thousand dollars each month on renting an apartment I often wasn't at because of the amount I was traveling for work, I decided to move back to my parents' house in the Bay Area. It made sense to move back home temporarily, from a career and financial perspective.