northern_mantis wrote:Basically this is a fishing exercise for moral support, I’m terrified so any shouts of ‘you can do it’ will be gratefully received.
Bill wrote:Best of luck to you!
The few friends I have that are wealthy are all self employed.
Bao wrote:northern_mantis wrote:Basically this is a fishing exercise for moral support, I’m terrified so any shouts of ‘you can do it’ will be gratefully received.
I'm 42 now and I've been self-employed for 7 years. Finally, after struggling and working hard to get around, the last two years things have started to look better. I would never ever want to work for anyone again. Love being my own boss.
Just GO FOR IT!
And remember the wise words of Donald Trump: "Don't be a quitter. Never ever give up!"
northern_mantis wrote:Haha thanks very much. Can I ask what sort of industry you work in?
northern_mantis wrote:So I’m approaching 40 and hate my job with a passion, I’ve been building a business over the last few years and it’s now or never so I have my notice typed and in hand ready to give in tomorrow. Basically this is a fishing exercise for moral support, I’m terrified so any shouts of ‘you can do it’ will be gratefully received. Or if after reading the brief details below you think it is crazy then it’s not too late to pull the plug.
Its not yes you can, or you can do it,,,,its why not
I’m going from being a data analyst in a hateful corporate machine to doing it self employed working in more ethical industries. I have a small contract to get started on and 3 months wages saved plus I’ve cleared down my debts as much as possible and built up my savings a little.
3 months seems a little tight, 12 would have been better but sometimes one has to go with what has not what they would have liked, Regarding the machine, In the industries I used to work in were and are pretty cutthroat, did meet some good people, sounds like hopefully you'll be able to pick and choose the projects that resonate with you maybe even develop or move into other areas not yet revealed...never know whats out there
My employer was charging £165 an hour for my time, I can charge less than half of that, work half the hours and get paid double the money I’m currently on, that’s how much I was getting shit on. Sounds simple but I know it will be hard getting the work and I have a mortgage and a kid. Because of how many hours I’m working I’d basically wound up my personal training work which I now will have time to pursue alongside for extra income. And as I want to largely work for the health industry I hope there will be some good cross pollination. Cool move, doors should start to revile themselves
Any thoughts/experiences gratefully received!
windwalker wrote:northern_mantis wrote:So I’m approaching 40 and hate my job with a passion, I’ve been building a business over the last few years and it’s now or never so I have my notice typed and in hand ready to give in tomorrow. Basically this is a fishing exercise for moral support, I’m terrified so any shouts of ‘you can do it’ will be gratefully received. Or if after reading the brief details below you think it is crazy then it’s not too late to pull the plug.
Its not yes you can, or you can do it,,,,its why not
I’m going from being a data analyst in a hateful corporate machine to doing it self employed working in more ethical industries. I have a small contract to get started on and 3 months wages saved plus I’ve cleared down my debts as much as possible and built up my savings a little.
3 months seems a little tight, 12 would have been better but sometimes one has to go with what has not what they would have liked, Regarding the machine, In the industries I used to work in were and are pretty cutthroat, did meet some good people, sounds like hopefully you'll be able to pick and choose the projects that resonate with you maybe even develop or move into other areas not yet revealed...never know whats out there
My employer was charging £165 an hour for my time, I can charge less than half of that, work half the hours and get paid double the money I’m currently on, that’s how much I was getting shit on. Sounds simple but I know it will be hard getting the work and I have a mortgage and a kid. Because of how many hours I’m working I’d basically wound up my personal training work which I now will have time to pursue alongside for extra income. And as I want to largely work for the health industry I hope there will be some good cross pollination. Cool move, doors should start to revile themselves
Any thoughts/experiences gratefully received!
applaud your effort, takes a lot of courage. Many talk about few do it.
I am doing now what I should have done long ago, its great, and very free feeling.
I hope you find the same
best of luck
I-mon wrote:Good for you man! I am 38 and have been successfully self employed for the last 5 years or so.
everything wrote:Similar situation. I want to start a company (pretty high risk product company). Instead I left a large company to start a product for a small services company. Couldn't be happier so far. I still want to go the start-up route.
A friend of mine who is already starting a start-up at first started a training services company. He said this is a great way to go to get started with lucrative self-employment, assuming you have expertise (everyone has relative expertise). You design one course, and then deliver it multiple times per year (the same course). It seems possible you could do this with data analysis classes as part of your self-employment. Then he would do 2 or 3 consulting gigs mainly to have fresh experience and stories. But the profit center for him was training. Here is a little breakdown:
1. Design course. This is all done on your time, based on your experience in your gigs. No revenue.
2. Rent hotel space for training course. Possibly $1000 (in USA). You can search with sites like hotelplanner.com
3. Charge about $500-1000 for a one day class. Get 10-20 people.
4. Provide lunch (you could hand out prepaid cards for a fast-casual restaurant next to hotel) at about $15 pp.
5. Profit for one class (not including travel) is about $7000 - $15000 or so.
6. Repeat this 10x per year.
7. The students are leads for your gigs, and the gigs provide stories and demand assessment for training.
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