Need Some Advice: Balancing Startup Dreams and Financial Stability
Hey everyone, I’m a software developer with 3.5 years of experience across different tech stacks. Lately, I’ve been thinking about starting something on my own, possibly in fintech or healthcare (primarily India stack).
I’m excited to jump into the entrepreneurial world, but I’ve seen friends go through this journey, and I know the income can dry up for a while. My family’s doing fine financially, but I don’t want to put any extra pressure on them.
So here’s where I’m stuck: Should I take on part-time/contract work to keep some cash flow going, or should I go all-in on the startup idea and avoid distractions?
Would love to hear from anyone who’s been in the same boat. How did you manage it? Any tips or advice are welcome. Let’s chat!
Thanks in advance!
You're still not sure of what problem to solve. You're going in the reverse direction: "I wanna startup something, so let me identify problems". This is fine but at this stage, you needn't work on this full-time.
You have to work passively every single day, finding those most burning problems that your skillset can solve. You also need to gather the right folks who can complement your skills, e.g. a Designer, a Product strategist.
Once you have your problems & your lean team, you need to do some research & some product trials to understand your PMF (Product Market Fit). Once you're confident, you can leave your job & pursue this with all the LOVE & CONFIDENCE. Without these two, you'll be shattered by small failures, you'll tend to quit. So, better not to give yourself that chance of turning back.
Build it as a side hustle. Less risk that way. Keep your job or do freelance work on the side.
Once you get traction and enough revenue, you can consider going all in.