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> The only way to win is to stop playing the game. Make your own company I don’t have the time nor the resources to do that now. If I could get a job that woul

> The only way to win is to stop playing the game. Make your own company I don’t have the time nor the resources to do that now. If I could get a job that would allow me to stabilize a bit, then I could start thinking about that.

jondwillis 3y ago
SBA loan! Friends and family loan. You’ll get a job, feel stabler and safer for awhile, and be too tired to work on other stuff until the next time you’re in the same boat.
- lusus_naturae 3y ago
  This is ridiculous advice, what is someone supposed to do with a loan? You can't just "business" out of thin air. You'll just be paying interest rates or worse.
  - BoorishBears 3y ago
    It's TikTok advice, the classic: - open an LLC to protect your -$10,000 in assets - open lines of credit using the LLC (don't worry about what a Paydex is) - ??? https://www.tiktok.com/@moneytips.tt/video/7238995772744666395 https://www.tiktok.com/@moneytips.tt/video/72389957727446663...
- candiddevmike 3y ago
  This sounds like a neat infinite money trick, are these the right steps? - Open LLC - Take out huge, collateralized SBA loan - ??? - Profit?
  - revlolz 3y ago
    Needs one more step to transition from meme to reality: - Open LLC - Take out huge, collateralized SBA loan - ??? - Profit? - ??? The first ??? represents all the steps and actions. The second ??? represents all the consequences.
- thelastparadise 3y ago
  You're getting some rather pessimistic replies. But I get what you're saying --you're saying, get funds together by any means necessary (SBA is a straightforward path) and bootstrap/found a company. It's still certainly possible to start up a software business. Basically the business needs to provide enough value to customers that they'll pay for it, and what they pay needs to cover the costs of the business. That is profitability (which is something even many large VC-backed tech companies have totally forgotten how to do). Software businesses can be started with low costs... I'll probably get the same pessimistic replies, but this is definitely a valid path for the brave and competent.
  - hnisoss 3y ago
    Brave and competent do not need his advice in the first place. Others will end in debt with no job nor company. Building a company is full time job with it's competences...
  - BoorishBears 3y ago
    Some of the pessimism may be from really competent folks who realize that a business environment that is so hostile that companies that essentially have infinite money compared to you start tightening their belts and let you go then won't rehire you... ...may not be the best environment to go and start taking out loans to open your own business. Especially not for a micro-SaaS where profit margins should be something like 80 something percent on a terrible day. SBA loans are better matched for opening a business where your margins are in the single digits and you need to pay vendors X weeks out before you can make a single sale. Not selling software you can write for $0 and host on a $10 VPS.
- autoexec 3y ago
  I look forward to tomorrow's Ask HN: "I started a business, where are all the clients at?"
  - deleted 3y ago
    [deleted]

jondwillis 3y ago

SBA loan! Friends and family loan. You’ll get a job, feel stabler and safer for awhile, and be too tired to work on other stuff until the next time you’re in the same boat.

lusus_naturae 3y ago
This is ridiculous advice, what is someone supposed to do with a loan? You can't just "business" out of thin air. You'll just be paying interest rates or worse.
- BoorishBears 3y ago
  It's TikTok advice, the classic: - open an LLC to protect your -$10,000 in assets - open lines of credit using the LLC (don't worry about what a Paydex is) - ??? https://www.tiktok.com/@moneytips.tt/video/7238995772744666395 https://www.tiktok.com/@moneytips.tt/video/72389957727446663...
candiddevmike 3y ago
This sounds like a neat infinite money trick, are these the right steps? - Open LLC - Take out huge, collateralized SBA loan - ??? - Profit?
- revlolz 3y ago
  Needs one more step to transition from meme to reality: - Open LLC - Take out huge, collateralized SBA loan - ??? - Profit? - ??? The first ??? represents all the steps and actions. The second ??? represents all the consequences.
thelastparadise 3y ago
You're getting some rather pessimistic replies. But I get what you're saying --you're saying, get funds together by any means necessary (SBA is a straightforward path) and bootstrap/found a company. It's still certainly possible to start up a software business. Basically the business needs to provide enough value to customers that they'll pay for it, and what they pay needs to cover the costs of the business. That is profitability (which is something even many large VC-backed tech companies have totally forgotten how to do). Software businesses can be started with low costs... I'll probably get the same pessimistic replies, but this is definitely a valid path for the brave and competent.
- hnisoss 3y ago
  Brave and competent do not need his advice in the first place. Others will end in debt with no job nor company. Building a company is full time job with it's competences...
- BoorishBears 3y ago
  Some of the pessimism may be from really competent folks who realize that a business environment that is so hostile that companies that essentially have infinite money compared to you start tightening their belts and let you go then won't rehire you... ...may not be the best environment to go and start taking out loans to open your own business. Especially not for a micro-SaaS where profit margins should be something like 80 something percent on a terrible day. SBA loans are better matched for opening a business where your margins are in the single digits and you need to pay vendors X weeks out before you can make a single sale. Not selling software you can write for $0 and host on a $10 VPS.
autoexec 3y ago
I look forward to tomorrow's Ask HN: "I started a business, where are all the clients at?"
- deleted 3y ago
  [deleted]