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I Quit My Job. Here’s How I Planned the Start as an Entrepreneur

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Re: I Quit My Job. Here’s How I Planned the Start as an Entrepreneur

#41
post #3

If I understand the timeline: - July 2019 - start first full time job - early 2020 - 6 months unpaid leave - June 2020 - quit job to start company - August 2020 - blog post about how to quit your job So someone with less than a year of full time experience who seemingly hasn't actually built a business is giving me advice on how to successfully quit my job? I guess that's the part they've succeeded at so far.

Although the article highlights that in the last year I started to work full time, I’ve been working as a programmer for 7 years during university. I had mentor which taught me a lot about programming which I’m eternally grateful for. I’ve worked before as a freelance developer and liked it pretty much.

Although I do understand it sounds like an impulsive action I just wanted to share how my thought process was in the last months. I never ask you to do the same or follow my steps, I simply share them.

I hope you do what you love cause in the end that matters the most.

Re: I Quit My Job. Here’s How I Planned the Start as an Entrepreneur

#42
post #25

Earlier quoted context omitted.

How high should the income be though? A few existing clients of mine were willing and did change to my platform, but how do you know if the business is scalable/will be competitive against other large businesses?

While helpful, I do believe these types of “rules” should not be followed as if they’re set in stone. Adapt them to your own situation. In my case I had success with a fairly complex big data platform, there would be no way a version could be released in such short a time. This didn’t matter, as I followed a slightly different strategy. A different way of looking at things is thinking about what can do wrong, and wor…

Well said. Yes of course those rules aren't set in stone but the idea is remove as much risk as possible, as cheaply as possible.

Re: I Quit My Job. Here’s How I Planned the Start as an Entrepreneur

#43
post #31

Earlier quoted context omitted.

Find me a FAANG company that didn't start out simply. The trick is to shoot a lot of shots and double down on the ones that hit.

This question looked interesting, and it's a matter of opinion but IMO none of them started out nearly as simply as we're discussing in this thread. I think they all fail the 4-weeks-to-revenue test (Not seeking to argue, was just curious). Facebook is probably the simplest: one month initial development time, launching after that month, adding three more colleges the month after. It looks like they had funding withi…

haha fair enough.

Re: I Quit My Job. Here’s How I Planned the Start as an Entrepreneur

#44
post #5

I really like Derek Sivers "Change Careers Like Tarzan" model https://sive.rs/tarzan "I get emails from many people who want to make a big change in their career. Each one wants to quit their current career, and boldly leap into their new venture or preferred lifestyle. When they ask my advice, they think I’m going to say, “Yes! Quit! Go for it!” But instead, they’re surprised at my suggestion: Remember how Tarzan sw…

Its tough to take advice based on analogy to a fictional character.

Think of it as taking advice from a successful serial entrepreneur who is using a metaphor.
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