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Consulting or building a product

I'm a software developer, and I have been building enterprise software for a decade now, however I want to switch and have more freedom so I don't know what should my next step if start looking for consulting job so I can quite my 9-5 and then build a product or start building the product on the side and make money from it. Any ex 9-5 here who can give me any advice?

on June 3, 2019
  1. 4

    I'd ask yourself a couple of questions:

    1. How much do you dislike your current job? If you hate it, get out. The stress is too distracting to be thinking about anything else.
    2. How chill is your current job? Is it really just 8 hours a day? That gives you plenty of time to work nights and weekends. If you don't hate it, that could be a nice environment to grow a side business.
    3. How easily can you find consulting work? It's possible to find a gig where you work half the hours and make 1.5-2x the money (no benefits). If you quit your old job, this is a great way to pay the bills while you figure out your product.
    4. Do you have any ideas? How big are they? If you already have a few smaller ideas to tinker on, why not start now? Bigger ideas (like a gmail replacement or anything hardware related) might require more focus. A few months "off" your current role could give you the creative space to figure this out.

    Beyond that, I think it depends on your money/family situation and whether you have anything saved up. Going into your savings is a risk, but having the focus to work on just one thing at a time is amazing for productivity (for me at least).

    Hope that's useful!

    1. 2
      1. My current job is great, not stressful at all.
      2. I get my things done quickly so I have a lot of time to learn and build other things.
      3. I have never had to find consulting jobs so I don't know how to that, (if you have any advice I'll be happy to hear it)
      4. I have a few small ideas that I want to start testing against real clients.

      Thank you very much for your comments they bring me new perspectives that I did not think of!

      1. 1

        Sounds like you're in the perfect position to try a few things out then!

        Consulting can take a while to get roll unless you have a solid network to work off of. I've been doing it for 5 years and finally at the point where I have a large enough network for a steady flow of projects.

  2. 2

    Hey @frankely good to see another SD IH'er here. Let us know what you decide. If you go the consulting route, I could use some advice on an idea I have.

    1. 1

      Let's talk about it! I sent you an email.

  3. 2

    Don't quit your job until you understand what it will take to achieve either one of these dreams. Try picking up a side gig or launching a small product. There's plenty of work out there for consulting but do you have the communication skills and ability to identify customer needs? Are you able to time up work so that you can pay your living expenses and not stress about where rent or mortage payments are coming up?

    I have made this mistake before, jumping ship doesn't mean you'll be successful. Working for yourself needs practice for some (like me).

    1. 1

      I'm glad to know there is plenty of work out there, that is one of the reasons I'm reaching out to this community because even though I know there is, I would like to know how to get to it or ways that other people have done it. I believe I have pretty good communication skills and the ability to identify customer needs (at least I have done a pretty good job for the companies I have worked for as a full time).

      Thank you for your response​!

  4. 2

    I'm afraid that you can't run a business of any type, let alone consulting or a product.

    Why am I saying so? Because in any business, you've to READ the customers and extract from their chittar chatter what their true pain points are.

    But here you're. Asking a question that has been answered so many times right here on these pages. Yes, I am a person like you too. I see everything in front of me, yet I wish someone said it in my name.

    So here it is. The advice I've read everywhere on this site, and on many other places, is that you better build something on the side, grow it to a point where you can make the transition to full time.

    I'm sorry for harsh words but trust me, you'll suffer far bitter things when you actually get to make something people would pay for. My best wishes for you.

    Good luck 👍

    1. 1

      I appreciate ​your honesty, and I can see the value of knowing how tough things are out there. And the fact that you have seen this question answered several times gives a lot of weight to the option of building a product first and growing from there. Thank you very much for taking the time to reply to this repetitive question!

    2. 1

      Getting down voted for speaking the truth. Business is about providing value to customers.