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I saved enough cash to last me for more than a year, took some time off to chill out, think and make plans, then work found me. You know all these times someone
by sdfjkl 12y ago
I saved enough cash to last me for more than a year, took some time off to chill out, think and make plans, then work found me. You know all these times someone asks you if you can do this or that for them, and you had to say no because you didn't have the energy to do it well in addition to your job? Yeah, you just stop saying no. Then you do it _well_. Word gets around. More folk ask. Eventually you start saying no again, because you're fully booked.
This is where it again gets a bit tricky - don't over-commit, you don't want to deliver bad work because you're rushing, this business is very much about reputation. And don't forget the overhead. You can and should automate the meta work (invoicing, accounting, etc.) as much as possible, but it will still take some time. Don't forget to take a break and relax either. Give yourself a 20% Friday to play with new stuff or just go swimming. Enjoy the freedom of being your own boss.
Now, if you've done it well, you can pick your projects. If you get a lot more requests than you can work on, raise your rates until things balance out. Don't be an idiot and undervalue yourself, it's an open market, use it or get exploited.
That initial cash reserve? Keep it. Rebuild it when it drops low. It both acts as a safety belt (what if you break an arm and can't type for a month, huh?) and it gave me the piece of mind I needed - I don't think I could've done it without the assurance of looking at an Excel sheet that said at the bottom "n more months before you either have to make profit or go be a wage slave again" (yeah, make a budget, you'll thank me later).
My first client was the company I left. Most of my other clients are from contacts I have made during my work life, either their side projects or places they had moved on to, or because friends they recommended me to. Networking, reputation, and a bit of luck will get you there. Or maybe not. Not everyone is cut out for it, and if you aren't loving it, maybe consider that the slightly sticky embrace of employment wasn't so bad after all. I for one can't imagine going back there.
- dlevine 12y agoMy experience sounds fairly similar to this. I've been doing a bit of business development (mostly going to Meetups/events relevant to the kind of work I'm interested in), but I find that most of the work ends up finding me through my network. Actually, most people I talk to have been telling me the same thing.