Home business ideas for transition out of 9-5?
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@dashrender said in Home business ideas for transition out of 9-5?:
@scottalanmiller said in Home business ideas for transition out of 9-5?:
@guyinpv said in Home business ideas for transition out of 9-5?:
And do you realize that general developers can be found on Craigslist for $10/hr? You can definitely penny-pinch in this game if you wanted!
You really can't. Someone listing themselves as a developer and being one isn't the same. I work in development (not as a developer) and hiring at $100K salary in low cost areas is a struggle. Real developers with skills and some experience are in super high demand.
Logically, no one is offering $10/hr on Craigslist when there are $100K positions with benefits that can't even get reasonable interviews. Development is definitely anything but a penny pinching game.
Sure, developers struggle to compete with offshore work. But to get any quality offshore work you can't pay by the hour, you are hiring for years on salary. You can get lower hourly rates that way, but you can't do it hour to hour.
The key here is to find the people not looking at the 10/hr people on Craigslist. Sure there are SMBs that do that - and likely end up spending tons more paying someone else down the road to fix what the cheap people broke/couldn't do - but you don't want to deal with those customer anyway.
Yup, people who are looking there aren't really looking for anything serious. And those aren't recurring. It's a one shot deal for basically no money. Those customers aren't getting any real work done, either.
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@scottalanmiller said in Home business ideas for transition out of 9-5?:
@dashrender said in Home business ideas for transition out of 9-5?:
@scottalanmiller said in Home business ideas for transition out of 9-5?:
@guyinpv said in Home business ideas for transition out of 9-5?:
And do you realize that general developers can be found on Craigslist for $10/hr? You can definitely penny-pinch in this game if you wanted!
You really can't. Someone listing themselves as a developer and being one isn't the same. I work in development (not as a developer) and hiring at $100K salary in low cost areas is a struggle. Real developers with skills and some experience are in super high demand.
Logically, no one is offering $10/hr on Craigslist when there are $100K positions with benefits that can't even get reasonable interviews. Development is definitely anything but a penny pinching game.
Sure, developers struggle to compete with offshore work. But to get any quality offshore work you can't pay by the hour, you are hiring for years on salary. You can get lower hourly rates that way, but you can't do it hour to hour.
The key here is to find the people not looking at the 10/hr people on Craigslist. Sure there are SMBs that do that - and likely end up spending tons more paying someone else down the road to fix what the cheap people broke/couldn't do - but you don't want to deal with those customer anyway.
Yup, people who are looking there aren't really looking for anything serious. And those aren't recurring. It's a one shot deal for basically no money. Those customers aren't getting any real work done, either.
/cough fiverr.com /cough
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As for desktop applications for Windows, I do not quite agree. Depends on the target market, in terms of the country
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@baldwin_cannon said in Home business ideas for transition out of 9-5?:
As for desktop applications for Windows, I do not quite agree. Depends on the target market, in terms of the country
Were you responding to the Fiverr comment?
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@denis_mcgee said in Home business ideas for transition out of 9-5?:
Of course, it is better to choose an area, in which there are constant orders or customers who are looking for specialists to support existing projects. But specifically in the same web development, there is quite a strong competition, especially for beginners.
It's a developer's market. Companies can't find qualified people, it's hard to even get people to interview.
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@scottalanmiller said in Home business ideas for transition out of 9-5?:
@denis_mcgee said in Home business ideas for transition out of 9-5?:
Of course, it is better to choose an area, in which there are constant orders or customers who are looking for specialists to support existing projects. But specifically in the same web development, there is quite a strong competition, especially for beginners.
It's a developer's market. Companies can't find qualified people, it's hard to even get people to interview.
IT is getting to be like this too, now.
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This post is deleted! -
From the OP, I was going to post about the inherent risks of being an entrepreneur, but seems
this is not where the thread went... -
Been a while, would love more follow up. If only because things are slow, lol.
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@scottalanmiller said in Home business ideas for transition out of 9-5?:
Been a while, would love more follow up. If only because things are slow, lol.
/Sarcasm
The transition went well, left the desk jocky position for a much more horizontal one where the hourly rate is between $95-150 depending on services rendered. -
Is 41 to old to think about getting out of the 8:30 to 5:00?
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@hobbit666 said in Home business ideas for transition out of 9-5?:
Is 41 to old to think about getting out of the 8:30 to 5:00?
Probably, lol.
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I would say at any age, depending on one's facts and circumstances, you presumably could make the switch. Currently, during this economic environment, there are many opportunities for entrepreneurial pursuits. Because of the inherent risk of starting a business and complicated by current uncertainty, the SBA has many loan programs in the 7a series, which, if applied for before September 27, 2020 qualify for 6 months of tax free principle and interest paid by the SBA. https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/sba-debt-relief For example, if you took out a $500k 7a working capital loan, the SBA would basically give you a $33k tax free gift. Along with the SBA programs, there are also many other grant programs for small businesses out there.
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@Spiral said in Home business ideas for transition out of 9-5?:
I would say at any age, depending on one's facts and circumstances, you presumably could make the switch. Currently, during this economic environment, there are many opportunities for entrepreneurial pursuits. Because of the inherent risk of starting a business and complicated by current uncertainty, the SBA has many loan programs in the 7a series, which, if applied for before September 27, 2020 qualify for 6 months of tax free principle and interest paid by the SBA. https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/sba-debt-relief For example, if you took out a $500k 7a working capital loan, the SBA would basically give you a $33k tax free gift. Along with the SBA programs, there are also many other grant programs for small businesses out there.
Good info. Can be an excellent time to attempt starting a new business, for sure.
