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> You're doing that thing I warned you not to do... > The key is to build the business to the point where it replaces your income before you quit your dev job.

> You're doing that thing I warned you not to do... > The key is to build the business to the point where it replaces your income before you quit your dev job. So your counter argument is for people to build a successful business on their own that will last for the remainder of their careers while working a full time job (and most likely while supporting a family and raising children)? Yes...it's just that simple.

jasonkester 7y ago
Close. It doesn't need to live forever though. Just long enough for you to build something to replace it. You appear sceptical, but it really isn't hard to do. There are lots of examples here that come up every time anybody asks.
- scarface74 7y ago
  It’s called “survivorship bias”.
  - ipad23 7y ago
    I'm really tired of seeing this posted whenever someone talks about their success. It breeds a loser mentality where people just assume they won't be successful, so they won't even try.
    - cortesoft 7y ago
      So we should never talk about the possibility of failure? I think breeding a naive mentality is as bad if not worse than breeding a loser mentality.
      - ScottFree 7y ago
        Bringing up "survivorship bias" every single time this topic comes up goes far, far beyond just talking about the possibility of failure. It's a self defeating mantra people use to justify their inaction. And even if it is "survivorship bias" and for every 1 example of someone that succeeds there are 1 million examples of people who have failed, the cost of failure is so low that you should try anyway. It costs you nothing and you have potentially everything to gain. Ever hear about the story of the two wolves? You're feeding the wrong wolf.
        scarface74 7y ago
        How is the cost of failure low? If you decide to go in business for yourself and it doesn’t make any money for 3 years, and you are just making non west coast salaries, you’re still potentially out of half a million dollars or more in total comp. And any money that you invested in your company. If you are talking about starting a business on the side and working full time, that means you are sacrificing some combination of time with your family, exercise, and time that you could be putting in getting ahead at your current job or acquiring skills that would help you get a better paying job. It doesn’t make sense statistically to take on “one million times the risk” unless the upside is much higher. These days, a CS Major can spend a year learning “leetCode” and study “Cracking the Code” and easily get a job at a FAANG making a quarter million - not that I would personally want to.
        ScottFree 7y ago
        Let me be crystal clear: I'm talking about building up a side business in your spare time. > If you are talking about starting a business on the side and working full time, that means you are sacrificing some combination of time with your family, exercise, and time that you could be putting in getting ahead at your current job or acquiring skills that would help you get a better paying job. You think you somehow learn nothing attempting to build up a side project? I've yet to see an argument made successfully that you learn absolutely nothing marketable by working on a side project. But let's say you manage to pull that off: all you've lost is a little bit of time. That's extremely low from a business perspective. Software is rather unique in that you don't need to spend tens of thousands of dollars setting up supply and manufacturing lines. And, the potential payoff is huge. Now, maybe running a company isn't your thing. That's a fair argument. But fear of failure is a terrible way to go through life. On a side note, why are you so relentlessly negative? Most of the comments you've made in this thread are needlessly hostile, sarcastic and bitter. Did a side project touch you inappropriately as a child?
        scarface74 7y ago
        That even lessens the chances by starting it on the “side”. You will be competing with people who are better funded and are able to commit to it full time. What are the chances that a “side business” is going to make $150K to 200K a year? On a side note, why are you so relentlessly negative? Most of the comments you've made in this thread are needlessly hostile, sarcastic and bitter. Did a side project touch you inappropriately as a child? The whole point of the article is about people who don’t want to be in management. It’s makes no sense to start a business if you don’t have any desire to be in management. Also, one thing that I’ve learned over the years, is the easiest way to make money during a goal rush is to sell shovels. There are plenty of opportunities out there to make good money working for a consulting company that matters to well funded startups and corporations who want to outsource development/infrastructure. Guess what my two areas are?
    - bennybob 7y ago
      I couldn't agree more. It's a toxic mentality, it allows people to just say successful / rich people must have ripped someone off or just been really lucky. Dealing with fear of failure has turned into my biggest obstacle in life.
      - scarface74 7y ago
        I don’t think they “ripped people off”. But it is luck and too many “self made” people attribute too much to their own skill.
- ipad23 7y ago
  many people just don't want to do anything besides coding. it's the reason there will always be workers and business owners. I built a business 5 years ago while I was working. The tech for it took me a weekend to complete and I had over a million in annual revenue within 2 years. Coding became 20% of my job, but I loved the new skills I gained and challenges outside of coding.
RhodesianHunter 7y ago
I mean if this guy did it than anyone can right?

jasonkester 7y ago

Close. It doesn't need to live forever though. Just long enough for you to build something to replace it. You appear sceptical, but it really isn't hard to do. There are lots of examples here that come up every time anybody asks.

scarface74 7y ago
It’s called “survivorship bias”.
- ipad23 7y ago
  I'm really tired of seeing this posted whenever someone talks about their success. It breeds a loser mentality where people just assume they won't be successful, so they won't even try.
  - cortesoft 7y ago
    So we should never talk about the possibility of failure? I think breeding a naive mentality is as bad if not worse than breeding a loser mentality.
    - ScottFree 7y ago
      Bringing up "survivorship bias" every single time this topic comes up goes far, far beyond just talking about the possibility of failure. It's a self defeating mantra people use to justify their inaction. And even if it is "survivorship bias" and for every 1 example of someone that succeeds there are 1 million examples of people who have failed, the cost of failure is so low that you should try anyway. It costs you nothing and you have potentially everything to gain. Ever hear about the story of the two wolves? You're feeding the wrong wolf.
      - scarface74 7y ago
        How is the cost of failure low? If you decide to go in business for yourself and it doesn’t make any money for 3 years, and you are just making non west coast salaries, you’re still potentially out of half a million dollars or more in total comp. And any money that you invested in your company. If you are talking about starting a business on the side and working full time, that means you are sacrificing some combination of time with your family, exercise, and time that you could be putting in getting ahead at your current job or acquiring skills that would help you get a better paying job. It doesn’t make sense statistically to take on “one million times the risk” unless the upside is much higher. These days, a CS Major can spend a year learning “leetCode” and study “Cracking the Code” and easily get a job at a FAANG making a quarter million - not that I would personally want to.
        ScottFree 7y ago
        Let me be crystal clear: I'm talking about building up a side business in your spare time. > If you are talking about starting a business on the side and working full time, that means you are sacrificing some combination of time with your family, exercise, and time that you could be putting in getting ahead at your current job or acquiring skills that would help you get a better paying job. You think you somehow learn nothing attempting to build up a side project? I've yet to see an argument made successfully that you learn absolutely nothing marketable by working on a side project. But let's say you manage to pull that off: all you've lost is a little bit of time. That's extremely low from a business perspective. Software is rather unique in that you don't need to spend tens of thousands of dollars setting up supply and manufacturing lines. And, the potential payoff is huge. Now, maybe running a company isn't your thing. That's a fair argument. But fear of failure is a terrible way to go through life. On a side note, why are you so relentlessly negative? Most of the comments you've made in this thread are needlessly hostile, sarcastic and bitter. Did a side project touch you inappropriately as a child?
        scarface74 7y ago
        That even lessens the chances by starting it on the “side”. You will be competing with people who are better funded and are able to commit to it full time. What are the chances that a “side business” is going to make $150K to 200K a year? On a side note, why are you so relentlessly negative? Most of the comments you've made in this thread are needlessly hostile, sarcastic and bitter. Did a side project touch you inappropriately as a child? The whole point of the article is about people who don’t want to be in management. It’s makes no sense to start a business if you don’t have any desire to be in management. Also, one thing that I’ve learned over the years, is the easiest way to make money during a goal rush is to sell shovels. There are plenty of opportunities out there to make good money working for a consulting company that matters to well funded startups and corporations who want to outsource development/infrastructure. Guess what my two areas are?
  - bennybob 7y ago
    I couldn't agree more. It's a toxic mentality, it allows people to just say successful / rich people must have ripped someone off or just been really lucky. Dealing with fear of failure has turned into my biggest obstacle in life.
    - scarface74 7y ago
      I don’t think they “ripped people off”. But it is luck and too many “self made” people attribute too much to their own skill.
ipad23 7y ago
many people just don't want to do anything besides coding. it's the reason there will always be workers and business owners. I built a business 5 years ago while I was working. The tech for it took me a weekend to complete and I had over a million in annual revenue within 2 years. Coding became 20% of my job, but I loved the new skills I gained and challenges outside of coding.

RhodesianHunter 7y ago

I mean if this guy did it than anyone can right?