Re:Quitting the Rat Race
by krisroadruck on Tuesday January 17, 2023 @06:04PM
(#34420790)
My anecdote was about finding what's important to you and making a change to that specifically. For me it was a bigger focus on quality of life and quality of product, not compensation. Sounds like compensation is more important for you so my path would not be your path. As to the hard bits - I'll be covering that in response to another commentor who asked how I got started.
Agreed on accounting & legal - though this is easier now than ever with services like Bench.co - which I set up on day 1 right after spinning up the business entity & bank account.
The parent comment glossed over "the hard bits of actually getting it off the ground and getting those first few customers" -- it's really hard. Five years in now things are going okay, but it took a while to get back to the came total comp I had pre-starting-my-own-biz, and even now the level of work is much higher (but so is the comp...).
If I had to do it again I'm not sure I would, and would definitely do a lot of things different. The big one would be going hard on biz dev from day 1 (or even day 0; start prospecting before incorporation), with #2 and #3 being talking to an accountant and lawyer ASAP once I could afford them.