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I think it's important to remember that in the world of the Internet, "running your own business" doesn't have to be "a startup." I'm 32, and had a similar real
by fredleblanc 12y ago
I think it's important to remember that in the world of the Internet, "running your own business" doesn't have to be "a startup." I'm 32, and had a similar realization a couple years back. I hated having bosses. I don't know if my ideas were the best, but I feel like I tend to have good gut instincts. I was tired of not having control of what I was doing.
I worked at a small web shop, a big ad agency, and a tiny remote-only web thing. I saw what people were doing, and what was out there, and knew that I knew enough that I could survive.
The hardest part was making the leap. To say "OK, I design and develop websites under my own flag," and then to find people. Having worked in the industry for a while, I had contacts, and so far (knock on wood) I haven't really had to do a lot of marketing. It's all mostly word-of-mouth. Build something, do a great job, get remembered/recommended, repeat.
Even though when you first get started you'll take a couple projects you might not be thrilled with to get your feet underneath you, soon enough you'll be raising your rates, getting to say no to projects your not interested, and maybe even working on small product-like projects too to mix in with your client-work. That's what I'm doing, I also co-lead development of a little CMS called Statamic. I use it on a lot of my clients' sites (if they're OK with it), and using it lets me improve it, while improving it helps me sell it.
It's not glamorous. It will probably never net me a 7-figure-profit for a year. But it's fun, challenging, and rewarding. You don't have to build a product that makes hundreds or thousands of people happy. You can build one site for one person and they'll be just as thrilled. And on top of that, all the challenges of business are there too. You get to pay taxes and everything. :)
You also mentioned family obligations. For me, being self-employed helps with that too. If something comes up, I can walk away from my desk and go help out — whether it's picking up the kids, or just meeting my wife for lunch if she's having a bad day.
Self-employment is risk, but it's a calculated risk that balances with freedom. If I want to make more, I take on more projects. The hardest part I've found is turning that off. ("You mean working 80 hours pays me 80 hours!? SIGN ME UP!" — that just leads to burn out.)
Anyway, I know Hacker News is more startup-focused, and that you're probably more interested in that, but I wanted to throw my two cents in that there are other things you can do relating to the Internet that are just as interesting and just as rewarding.
- handysolver 12y agoMany parts of this write up have a resounding similarity to my journey! Thanks for sharing.
- alanchavez 12y ago> If I want to make more, I take on more projects. Or you can increase the transactions per customer. You don't have to have more projects/clients to make more money. There are only so many projects you'll be able to work on. However, if you already have 10 - 15 customers, and you increase the # of transactions per customer, you can reach 7 figure revenue per year.
- fredleblanc 12y agoI guess I don't fully understand what you're saying here. For me, a "project" is "I'm going to do something for you, and you'll pay me." The only way I could gain more money that way is by raising my rate. (My projects are one-to-one.) Otherwise, time becomes the biggest limitation. I've toyed with the idea of hiring people to work for me, but I really like sleeping at night, and I'm not sure that I can do that if I'm worrying about being able to pay people. I've heard that more people will spawn more projects and more money, but time and time again I come back to the thinking: I'm not unhappy with what I have now. No need to rock the boat. Time, as always, will tell.
- jotm 12y agoI think he means upselling and/or offering more paid services/products to the same customers. Hosting, a new theme, regular blog posts (outsourced, of course), plugins for social networks, integration with whatever, constant monitoring, etc. - ideally on a subscription basis. This way, you can make more money with the same number of clients.