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I don't think there's anything wrong with taking some time off. I think the hardest thing that some of my friends who took time off have faced is trying to force themselves to get a professional job after bartending or serving for so long.
Like OTW mentioned, the money is excellent in the service industry. I know friends that make over $50,000 a year from working as a server or bartender at a well-known club or restaurant. It's hard to give that up...especially because most entry-level positions do not start you at $50,000.
The most important thing to remember is why you went to school in the first place. While there's good money in the service industry, your career growth opportunities are limited. You could always become manager but unless you're working for a franchise corporation such as McDonald's, Darden Restaurants, etc., the restaurant you work in might not have a corporate office that you could one day move into. Also, it takes YEARS for some people to move to that level.
Entry-level positions give you that extra boost to one day move up in the company. If not in that company, you will at least have something to put on your resume.
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