Hello all,
I am 32, and I work for one of those awesome and super cool auditor firms some of you might have heard of. I just got a huge promotion and will receive a big pay raise (Woop Woop life is great!!111). In my current position, I get to travel the world, fly business class, stay in nice hotels, meet important people and have super important meetings. Excel and Powerpoint are my favorite tools, and I love to analyze data and draw beautiful pie charts. Did I mention that I work 60+ hours a week (and more when I am traveling)?
Ok enough of that. To be honest, life is not so great at the moment. Yes, I have a nice income compared to a lot of people. But I spent (+ I am spending) the best years of my life at my job. I have no hobbies, I stopped doing sports, I rarely read. I never get to meet other people in my spare time. All I do is work, come home, have dinner with my fiancée and then turn on the TV.
I want to change this after having finished reading the Fastlane last week.
And don't get me wrong... I don't have a problem with working a lot and my job is generally fun and I think I am blessed to have a good job. Also, I am not blaming my job for not having hobbies, etc. Others can work at their corporate job and still have hobbies and a lot of friends etc. However, apparently for me, it 's hard. Also, I want to have a new challenge!!
So my plan is to SLOWLY become my own boss by starting some "side hustle" in the beginning. From that, I will slowly try to build something up while decreasing my time spent at the job.
So what is the plan you ask?
1. Reduce time spent at work to 40-50 hours = DONE (Don't ask me how
)
2. Work on side hustle after work and on the weekend = Planning stage
This should give me at least around 20-30 hours to work on my side hustle (2 hours from Mo - Friday + 10-20 hours on the weekend).
3. After 12 months, decrease work hours to 30-40 hours.
4. After 24 months Quit my job and completely live on my "side hustle."
What are the next steps?
I am at a very early stage. Currently, I am trying to figure out which road I should take:
1. Should I just take 5-10k out of my bank account and start e-commerce (no drop shipping)?
If I take that route, of course, I will start by doing my due diligence, read a couple of books and figure out which niche to choose. I
Pros:
- I can see pretty early if the niche I have chosen is right
- I can just buy products and do not have to invest a lot into development (for example app development, writing a blog, etc.)
Cons:
- Still, a lot to read to choose the right niche. Also, I have to learn about marketing, SEO, etc.
- I could lose my invested money (I don't worry about that too much...I rather lose 5k and say that I tried...)
- Difficult to find a market that is not too saturated (for me at least)
What do you guys say?
2. Should I start to write a blog/website?
I have a particular topic in mind that I would like to write about. I would like to write about personal development (but not the get rich quick kind of stuff). I have done a lot of research in the last years on topics such as "How to make a lasting impression on people," "How to be likable," "How to have a good voice when speaking" etc. This has helped me a lot in the corporate world and opened a lot of doors for me. I think this is something a lot of people are looking for. People always want to improve, be charismatic, etc.
Pros:
- I have barely any costs.
- I will develop my current skills and knowledge even further by writing about it
- It could be fun to write on a regular basis
- I can develop something that scales because I do not have a physical product
- I can work comfortably on the side (no shipping, no customer support, at least in the begging)
- After producing a lot of content, I could maybe still sell a physical product to potential followers
Cons:
- English is not my native language (as you probably can tell) and I don't live in the US. So, I could either focus on my local "market" (100+mio people) or try to write in English. Any thoughts on that???
- It could take a lot of time until I know that this could work not only as a hobby
3. Should I develop an app/web app?
I already worked on some apps with tools like bubble.is (let me know if you need help) and I have a couple of ideas in my head but no "lightbulb" idea which I am 100% confident of.
Pros:
- I don't have a lot of costs
- I can develop something that scales easily because I do not have a physical product
- I can work comfortably on the side (no shipping, no customer support, at least in the begging)
- I can outsource the development at some point
Cons:
- Difficult to find an idea which can also be monetized at some point
- A lot of work until I can evaluate if this could fly
- 90% of apps fail....
What do you say? Any advice?
NEXT STEPS:
One thing I promised to myself is to STOP reading, thinking and evaluating WITHOUT TAKING ACTION AT THE SAME TIME.
1. Evaluate my ideas (deadline Sunday, 31.)
2. Decide on a road to take (deadline Sunday, 31)
3. After deciding which route to take, start analyzing which niche, idea, topic, etc. to pursue (deadline, Sunday, 6th)
3. EXECUTION
I will update this thread on Sunday and post a detailed list of my next steps.
Thanks for reading and good luck to all of you.
PS. Sorry for my english....I am not a native speaker
I am 32, and I work for one of those awesome and super cool auditor firms some of you might have heard of. I just got a huge promotion and will receive a big pay raise (Woop Woop life is great!!111). In my current position, I get to travel the world, fly business class, stay in nice hotels, meet important people and have super important meetings. Excel and Powerpoint are my favorite tools, and I love to analyze data and draw beautiful pie charts. Did I mention that I work 60+ hours a week (and more when I am traveling)?
Ok enough of that. To be honest, life is not so great at the moment. Yes, I have a nice income compared to a lot of people. But I spent (+ I am spending) the best years of my life at my job. I have no hobbies, I stopped doing sports, I rarely read. I never get to meet other people in my spare time. All I do is work, come home, have dinner with my fiancée and then turn on the TV.
I want to change this after having finished reading the Fastlane last week.
And don't get me wrong... I don't have a problem with working a lot and my job is generally fun and I think I am blessed to have a good job. Also, I am not blaming my job for not having hobbies, etc. Others can work at their corporate job and still have hobbies and a lot of friends etc. However, apparently for me, it 's hard. Also, I want to have a new challenge!!
So my plan is to SLOWLY become my own boss by starting some "side hustle" in the beginning. From that, I will slowly try to build something up while decreasing my time spent at the job.
So what is the plan you ask?
1. Reduce time spent at work to 40-50 hours = DONE (Don't ask me how
)2. Work on side hustle after work and on the weekend = Planning stage
This should give me at least around 20-30 hours to work on my side hustle (2 hours from Mo - Friday + 10-20 hours on the weekend).
3. After 12 months, decrease work hours to 30-40 hours.
4. After 24 months Quit my job and completely live on my "side hustle."
What are the next steps?
I am at a very early stage. Currently, I am trying to figure out which road I should take:
1. Should I just take 5-10k out of my bank account and start e-commerce (no drop shipping)?
If I take that route, of course, I will start by doing my due diligence, read a couple of books and figure out which niche to choose. I
Pros:
- I can see pretty early if the niche I have chosen is right
- I can just buy products and do not have to invest a lot into development (for example app development, writing a blog, etc.)
Cons:
- Still, a lot to read to choose the right niche. Also, I have to learn about marketing, SEO, etc.
- I could lose my invested money (I don't worry about that too much...I rather lose 5k and say that I tried...)
- Difficult to find a market that is not too saturated (for me at least)
What do you guys say?
2. Should I start to write a blog/website?
I have a particular topic in mind that I would like to write about. I would like to write about personal development (but not the get rich quick kind of stuff). I have done a lot of research in the last years on topics such as "How to make a lasting impression on people," "How to be likable," "How to have a good voice when speaking" etc. This has helped me a lot in the corporate world and opened a lot of doors for me. I think this is something a lot of people are looking for. People always want to improve, be charismatic, etc.
Pros:
- I have barely any costs.
- I will develop my current skills and knowledge even further by writing about it
- It could be fun to write on a regular basis
- I can develop something that scales because I do not have a physical product
- I can work comfortably on the side (no shipping, no customer support, at least in the begging)
- After producing a lot of content, I could maybe still sell a physical product to potential followers
Cons:
- English is not my native language (as you probably can tell) and I don't live in the US. So, I could either focus on my local "market" (100+mio people) or try to write in English. Any thoughts on that???
- It could take a lot of time until I know that this could work not only as a hobby
3. Should I develop an app/web app?
I already worked on some apps with tools like bubble.is (let me know if you need help) and I have a couple of ideas in my head but no "lightbulb" idea which I am 100% confident of.
Pros:
- I don't have a lot of costs
- I can develop something that scales easily because I do not have a physical product
- I can work comfortably on the side (no shipping, no customer support, at least in the begging)
- I can outsource the development at some point
Cons:
- Difficult to find an idea which can also be monetized at some point
- A lot of work until I can evaluate if this could fly
- 90% of apps fail....
What do you say? Any advice?
NEXT STEPS:
One thing I promised to myself is to STOP reading, thinking and evaluating WITHOUT TAKING ACTION AT THE SAME TIME.
1. Evaluate my ideas (deadline Sunday, 31.)
2. Decide on a road to take (deadline Sunday, 31)
3. After deciding which route to take, start analyzing which niche, idea, topic, etc. to pursue (deadline, Sunday, 6th)
3. EXECUTION
I will update this thread on Sunday and post a detailed list of my next steps.
Thanks for reading and good luck to all of you.
PS. Sorry for my english....I am not a native speaker
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