For background, I am a 25 year old Software Engineer who works the corporate life. My company is moving to force engineers to work in person and I just do not want to keep working my life away. The pay is very high and benefits are great, but I know in the end, I want the flexibility of working for myself.
I have opened up some businesses in the past with mixed success. I want to open up a startup that can generate passive income, be a secure investment, and not require too much overhead. I have tried some eCommerce businesses in the past and even worked on a B2B marketplace like Alibaba in Asia.
I really have very little personal expenses since my house and cars are paid off. I have about 100k in savings that I can use for the startup.
I am facing a few issues:
Between long commutes and 8 hour work days, I have very little energy to work on a startup in my free time. Weekends and Off days are always just reserved for running errands and I have absolutely no time on weekdays. Should I quit my job?
The second issue I am facing is that there are so many different places to start. A physical laundromat business, a physical car wash, an online store, or a good old fashioned Computer Science startup. Any Advice on what to start would be greatly appreciated.
Lastly, finding a good business partner to help take some overhead is always a big problem that has caused me some headache in the past.
I was in exactly same situation 11 months ago. My company refused to give me work from home and I had to resign to take the risk. I was running marketing agency before as part time and I went all in.
It wasn’t easy but if it was easy everybody would be doing that. I am now able to launch 2 products plus providing services to high ticket marketing clients.
When you get full time on your business you can build fast, fail fast and improve faster.
The sidehustle we do with jobs didn’t give us the full overview of how business works, it’s safe and risk free.
Now I am taking risks and the freedom itself is a reward for me. I have also became more fearless.
Also I was able to make couple of partnerships on different products which allows me to scale.
I am the sales guy and primarily responsible for bringing in the business.