I work a fairly standard day job as a software developer, and I am currently planning my own business in my free time. My goal is to grow my business to a full time income as quick as possible, since I cannot see myself sustaining 2 jobs indefinitely. I am risk-adverse, in that I don’t wan to quit my job without having replaced the income, but I think this puts me on a slower path from the start.
I hear a lot about people transitioning from consulting to products, and I’m wondering why this is. Do people choose consulting because they think they will get a certain amount of freedom, then realize that the real freedom lies in products? Or are there enough advantages in consulting to make it a good step for bootstrappers building their own product business?
I don’t have experience consulting, so my feeling is that I’m better off sticking with the day job and continuing my bootstrapping exploits on the side. But I’m wondering If I may be better off moving to consulting/product biz rather than 9-5/product biz.
For those of you who have done either, I would love to hear your take.
- Would you do it the same way again?
- Pros and Cons of consulting vs. 9-5 employee. (while bootstrapping)
- What does it take to ramp up to a decent consulting income? (maybe $5K/month)