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16 Comments

What validation would it take for you to quit your job and go all in on a sideproject?

For the 9-5ers like myself, I'm curious at what stage you'd be willing to give in your notice. Would the sideproject have to make as much as your current salary? 50%?
What about those who aren't yet monetizing their side projects?

  1. 4

    As the late Joseph Campbell said, “Follow your bliss.” If you can do what you’re passionate about and have a talent for, money will be a side affect. Conversely, if you fear failure and/or just launch into something solely for the sake of money, it will never work out. Be prepared for a grind. Be prepared to redefine what perseverance really means to you. You must be tenacious. You must believe in yourself and your vision. Oh, and a little luck never hurt! 😉

  2. 3

    To me personally, I aimed for 50% steady revenue my business before leaving my corporate job, and joining government job that is shorter and pay less as gradual transition. I had another goal to cover that salary before leaving government job, however it started becoming too demanding for a government job that doesn't pay well, so I quit a bit earlier before hitting my target.

  3. 3

    I gradually tuned down my full time job while income from side projects was growing. From full-time to 36 hours to 3 days, to 2 days, to zip.

    I quit all work at the point where my side project nearly made equal income and growth projections looked positive.

  4. 3

    80% of my day job income. I’ve got a wife and kid to support so nothing less will really do.

  5. 3

    Reach $2k MRR with steady monthly growth.

  6. 1

    I have quit my job at the end of 2019 in order to be able to work full-time on my own. While I have not launched my product yet, there are a few things which pushed me to do so:

    • I believe the project is about to take off (pun intended)
    • There are a few side gigs which keep the money flowing
    • I want to prove few people wrong
    • I simply need to have some time and flexibility in order to be able to deliver quality

    The thing making it more insane is that I'm recovering from a burn-out, so I'm burning my safety net in the process. On the other hand, I believe providing myself this freedom is a necessary step in my recovery process.

    Sometimes it's just that the money you earn at a steady job is not worth the lack of horizon anymore.

  7. 1

    Man I would take a massive pay cut to be able to just work on a side project full time. The craziest part is I don't even hate my job lol. I just love building, validating, iterating, etc. I've got something thats getting close (fingers crossed). Very exciting

  8. 1

    This question is all about calculated risk. Do you have your finances in order? Do you have a skill you can use to make money with on your own terms to support your loftier ideas?

    When I started my product business, I was working a 20 hour a week contract gig with super flexible hours. It gave me enough time to pursue my side project without running the risk of losing all my income.

    So then I had a side project and an income without a totally soul-crushing "job." Risk accounted for ✅.

    Now on to validation. My product sold four copies (@$35 each) in the first four months after I launched (in other words — bombed). I lucked into an affiliate partnership with someone who had a very large audience in my target demo. After the MVP version of the product did $1000 in sales due to this new partnership, I knew there was enough interest in the project to take it to the next level.

    I risked some of my nest egg to hire a developer and turned the MVP into a really solid product. along with that came more affiliates and more sales. My second launch did $12k in sales and I knew at that point that I had something sustainable. I dropped all contracts in July of last year.

    Every step along the way was all about weighing if I could survive an utter failure and recoup. If you can't do that, then there is really no magic number that will validate the risk.

  9. 1

    I did it with 6 months runway. Ran out of runway and went back to work for 4 months, quite again and have never returned. I think going all in is important as you really understand how much work is involved. I would have never been able to don't on the side of a full time job.

  10. 1

    I am currently a 9-5er and I would quit if I could make 50% of my salary. I know I could supplement the rest of my income with part time or freelance work if I needed to, and continue to grow the business from where it was then. However I am a far cry from that, just selling a short book at the moment which while its nice to have something I am selling is really not making me much money at all.

    I'm not really sure how long I should hustle and how many times I will pivot before I burn myself out, but for now I'm just looking at more education related side hustles around teaching people to code with games. It is really hard maintaining energy after a full work day to keep contributing to a side project.

  11. 1

    Depends. If I still have student loans (which I do), then I probably would stay with my 9-5 until my side revenue pays off the student loans. It's not a lot left, but I'd feel a lot more at ease knowing they're gone when I quit my job.

  12. 1

    150% of what I make 9 to 5. But I like what I do.

  13. 1

    My goal is about 100 active users.
    I will quit my job, and build a business from that. Using my savings as long as it's not profitable.

  14. 1

    If I know I am going to make consistent profit of at least 50% of what I make full time that's a good benchmark to quit.

  15. 4

    This comment was deleted a year ago.

    1. 2

      I agree with this thought process! I always think about the worst case scenario (which probably isn't the best all the time), and determine my risk tolerance that way

      1. 2

        This comment was deleted a year ago.

        1. 1

          Hahah all maker routes lead to Colorado 💛⛰

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