Hi, I am 23M, working as a software engineer in Bangalore at a Fintech company. My current CTC is 45LPA with in hand salary is around 1.8 L.
Since I came to Bangalore after finishing college, my life has been going up and up only. Everything is getting perfectly aligning month by month. Got a very nice salary increment after 1 year of working. The tech and projects I am working on are challenging. Although my WLB is not that great. Best of all, I got into a relationship with a girl with whom I was friend for like 9 months.
As a self satisfied person I think my life is going very well. But what next?
Therefore I took 1 week leave to think about what next and after a lot of thinking I have decided to start a business/startup. Will share about my startup in some other post. But I am taking a leap of faith in myself and planning to leave my job at the end of December. I will slowly start to make the base for my startup until then.
Thanks for reading this far.
My 2 cents
1)Quit your job when your startup starts making half the money you're currently earning.
2) Always have 6 month cash reserve.
From someone running a business, my 2 cents. I would suggest not to quit yet.
1.8L is a pretty good salary by any standard for a 23 year old.
Grass is greener on the other side. You might be feeling life will be so much more exciting once you start a business/ start-up. A lot of folks running a business/ start-up think getting a good pay and working 9-5 ain't bad either - but most of them won't admit it.
You are still very young, there's a lot more you can learn/ earn before you quit. Startup/business is not just about your technical skills, but a lot of people management (employee & clients). It's very hard to scale if you're going to start a business in the service segment.
Everything is an expense. You will be astonished by what all bleeds your money. Try calculating the revenue you must hit in order to draw a similar/ higher salary. And the amount of work/hours you've to put to hit that number will be lightyears apart from what you do rn.
My suggestion would be to
I can keep going, but these are some of my suggestions from experience.
Don't leave your job before you're 100% sure about your business idea. You are going good, must better than most of the people around your age and even older for that matter (including me). So take more time, understand things more and then the plunge. And before doing all that, if you would tell us which company you work for and refer kar de bhai, pls.
Test your idea before quiting don't fall in love with it ( netflix ex ceo )
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