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Almost everyone comes up with an idea during their career, where they think 'this could be really big'. The idea of abandoning the 9 to 5 job to strike out on
by didgetmaster 5mo ago
Almost everyone comes up with an idea during their career, where they think 'this could be really big'.
The idea of abandoning the 9 to 5 job to strike out on your own can be strong. There are many stories where a solo entrepreneur or small startup team did just that, and are now well off, if not insanely rich.
But the other 90% you never hear about. They work hard to try and get their idea to market, but it never pans out. A myriad of reasons can cause a project to fail, long before it replaces your salary today.
Your personal circumstances along with talent and drive, should play a pivotal role in deciding to make the jump. Unless you have a comfortable amount to savings, I would recommend keeping your day job and working on the side project in your spare time. Don't quit your W2 until you get some real traction on it.
- Mnexium 5mo agoI am naturally extremely conservative. Part of the dilemma is maybe seek promotions at work or stay at same level and build side project. I think doing something like this is very much high risk/high reward. Part of the challenge (albeit a good one) is the salaries are fairly good - so this approaching that is not an overnight thing. From a personal circumstance side of things there is also that opportunity cost. "Don't quit your W2 until you get some real traction on it." I think this is probably the best path.