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Ask HN: Should I find a job or try to build a profitable project?

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61–70 of 125 posts

Re: Ask HN: Should I find a job or try to build a profitable project?

#61
If you have to set aside time to start a business you shouldn't go that route. An idea should take over your life before you consider making it your day job.

Neither.

You are burned out. Rest / have some fun and fall in love. When an idea hits you run with it. If nothing inspires you and you get bored with rest go find a job.

Re: Ask HN: Should I find a job or try to build a profitable project?

#62
Well if you’re happy with a prior that sees you fail after a year’s effort 95% of the time; you should do a startup (don’t kid yourself about better odds). Perhaps if you were capable of putting in 5 years of pivoting trying and failing your odds start to look much better.

Otherwise, get a job.

Re: Ask HN: Should I find a job or try to build a profitable project?

#63

If you're serious about it, there is another option. You can move to Europe or Asia and live cheap while working on your business. I make ~$1,000 a month doing freelance work 30 hours a month. The rest of the time I spend working on my project ideas. My living expenses are ~$400 and I spend another $100-200 on project ideas.

I live in a dirt-cheap country and I find it hard to believe that you can survive on $400/month. Do you take a trip back home? Do you factor in the price of your laptop/phone? Does this include clothes/medical expenses? Also, what country are you living in?

Re: Ask HN: Should I find a job or try to build a profitable project?

#64
Take that 60K, go travel the world, it will go a long long way if you are thrifty about it. See how you feel about your project when you come back or work on it while traveling. Bet you will feel different whether your projects survives or not. Ignore all this you need to buy a house garbage, do you want to spend your life investing for your retirement, for when your dick wont work or live now, that is the question. If you are disciplined enough to save 60K, that already makes you an exception to most Americans. You will be fine. You have the rest of your life to slave away and pay a mortgage, go see the world and see how your view and your priorities will change. Being exposed to many different environments and situations will definitely improve your life and your mindset for the long term. You will experience things and situations which you cannot possibly encounter while putting money into a 401K at a job or slaving away paying for an inflated house price wherever your live. Go live and stop chasing 9/10 startup ideas that actually really fail. If you do want to go the startup route. Don't risk your savings on it, risk an investors money.

Re: Ask HN: Should I find a job or try to build a profitable project?

#65
Assuming you were an FTE, if you burned out in less than 5 years and have already held multiple positions here're some things to consider:

- Travel as soon as possible. The world will speak to you in ways a computer never can.

- If you don't go back to work right away, you may be looked at as less reliable to HR department and hiring managers later.

- If you do choose not to go back to work right away, you need to consider the opportunity cost of not getting involved with someone else's start-up right away.

- If you and your girlfriend want to move to a city, be sure she has an opportunity there to save the relationship in the case your your entrepreneurial interests don't pan out.

All of the options you suggested will likely lead to to future burn out if you don't move to a larger company. Find a job you kinda like and stay put for awhile go gain experience and relationships, and place a rock in your resume. Then you can pursue your dreams if you're able to save more or dramatically reduce cost of living relative to a city.

Re: Ask HN: Should I find a job or try to build a profitable project?

#66
post #9
post #5

Before you write a line of code for #2, have a clear strategy for app distribution, user acquisition, free to paid conversion. It won’t just happen because you have a great product. Just remember to make a million a year, you need 10,000 people paying you $10 a month.

Yeah. I spent the better part of two years building something I really wanted to build that I thought people would really want to buy. Turned out I was wrong. If you're burning through your own savings you need to find out as early as possible if there actually is any real demand for your product.

That sucks. Did you open source it, at least?

Re: Ask HN: Should I find a job or try to build a profitable project?

#67
Never risk your own money. But wasting time doesn't cost anything though. So make sure your expenses are covered, then go at it. And if you are having fun and learning stuff, then it's not a waste of time even if it fails.

But you probably don't want to do it alone. It's better to own 10% of something, then 100% of nothing. Also validate your ideas before doing actual work. For example do a kick-starter, or a signup-page, pitch the idea to possible customers.

Re: Ask HN: Should I find a job or try to build a profitable project?

#68
post #4

With your runway, #2 sounds great, but try and find a different idea. Productivity apps and yelp like services are a dime a dozen. You'll probably waste 1-2 years, and expect to waste 3-5 more before you can replace your main source of income. Entrepreneurship is risky and developing software is the easy part.

Yea, I'm not sure they are great ideas. My reasoning for the productivity app is because I want to build something I personally need and I haven't found a good solution. The yelp-like app is because I know I want to work with small businesses. I just don't know exactly how yet. So, you're right. I need to spend more time on my ideas. Thanks!

I was convinced I should build a productivity app because none of the existing apps suited me. Turns out I was an unorganised person blaming their tools. I went low tech and organised myself by writing into Bear.app, which made me realise I didn’t want to make a productivity app I just wanted to be organised.

Re: Ask HN: Should I find a job or try to build a profitable project?

#69
post #63

If you're serious about it, there is another option. You can move to Europe or Asia and live cheap while working on your business. I make ~$1,000 a month doing freelance work 30 hours a month. The rest of the time I spend working on my project ideas. My living expenses are ~$400 and I spend another $100-200 on project ideas.

I live in a dirt-cheap country and I find it hard to believe that you can survive on $400/month. Do you take a trip back home? Do you factor in the price of your laptop/phone? Does this include clothes/medical expenses? Also, what country are you living in?

I don't take trips back home, I don't have a phone, I don't have health insurance, I have one pair of clothes and gym clothes. I have an 10 year old x200 ThinkPad that cost $90. It's very fast, I use Arch Linux+Libreboot+Vim. I've live in Ukraine, Moldova, Macedonia, Romania and Serbia. Normally I stay in Ukraine or Moldova though. My expenses are between $150-250 for housing (I live in youth hostels or Airbnb, I travel with my brother and a friend so we split the cost), $165 for food, and ~$20 for the gym.

Re: Ask HN: Should I find a job or try to build a profitable project?

#70

Similar boat to you. Had the exact same question in my life. I decided for a totally different option, lets call it option #4: #4 Take an "easy" programming job and use your spare time on nights/weekends to build a software business. I chose this option because I wasn't willing to risk my savings. Plain and simple. I want to retire some day, and blowing 60k for a ~5% chance at making a profitable business wasn't wort…

For sure #4. Because if you never launched anything then it will almost for sure not work the first time around. It's a skill like any other skill and you need a few tries to figure things out.

A caveat: I took an "easy" job but it turned out it was the job from Hell. Because "easy" job was surrounded by people that didn't know what they were doing. So a truly easy job might be one where everyone is overqualified and you only need to do your own thing (as opposed to expending a lot of energy explaining to people how to do the right thing, all the time, because they just don't get it).

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