Ask HN: How Did You Escape 9 to 5?

226 points by vi1rus ↗ HN
Title says it all.

How did you escape your 9 to 5 job to start your own business?

I am curious about how you effectively spent your time while having a full time job and a side business and at what time did you decide to take the full plunge.

180 comments

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My story. I worked my ass off for 10+ years, saved a little bit of extra cash after paying off most loans and then bought an online business that I was interested in.

I tried doing both for 2 months in parallel. One day I woke up and said "F*k this. I am done. Gotta quit". I then went to my boss and gave him the notice. I did calculate my risks as the business was just bringing in enough to keep me floating (with 2 kids and a wife). However on Day 1, my income was down by almost 75% (ouch, wifey was not quite happy but she supported)

Been 2 years since then and never been happier. It is tough, income is still less than I what I made in my cushy job but I will not give it up for that 9-5 bullshit. No more traffic to deal with (I hardly drive during rush hours now), no more commute (I work from where ever i want, mostly home office), I can take time off if I want or I could work on weekends if I want. The business runs 24-7 but I Don't have to.

Of course, not everyone is in a similar situation but we all have a path if you really want to do it. Bottomline is that you have to really really want this. It is almost like an addiction to do your own thing and not work in a shitty (Even if highly paid) 9-5 job. My job was so easy barring the shit commute. I could go in, talk to users all day, run projects, write some code and at the end of the day, I will get a big fat paycheck. People loved me at my job. I loved them back. Easy as hell. But I didn't want that anymore. I was not up to it anymore. I wanted to quit my "cushy" job.

Interesting story, codegeek. I'm curious as to what type of business you bought, and how you discovered it. A website of businesses for sale? Is it in your same field which I assume is coding?
Yes, my field which is tech (duh!!). I am actually an addict when it comes to sites like flippa, feinternational etc. Both are mostly useless but every once in a while, you get a real gem there. I found one. It was funny because I was accidentally browsing flippa that day (labor day weekend and I had to stay home which was not the plan originally). I liked what the seller described and the way the seller described it. It seemed genuine and was a real product business. So I got up, spoke to my wife (you def. want that blessing :)) and then said, can we do this ? I was like "hell an MBA will cost me more than this and what is the worst that can happen?". I lose the money but I learn doing something real that I want to do. So I saw it as a win-win situation and went for it. In hindsight, it was the best decision of my life. Survivorship bias may be, but who cares.
Do you have any more information on how you filtered business and what made the one bought stand out?
No specific information but I have written a blog post on this topic and some general guidelines that I followed. Feel free to read the post (linked in my profile)
Very cool! I quit my cushy 9-5 about a year ago and have been contracting off and on since then. It has been amazing and I realized I can never do the 9-5 thing again. I hope to start my own business at some point. The problem is... I haven't had a good idea yet...

I have been thinking about buying an existing online business if I can't think of anything. When I look into it though I am completely in over my head. Do you have any recommended resources for learning about that sort of thing?

Same boat as you. I think this could be the key:

https://www.coursera.org/learn/startup-entrepreneurship-disc...

I can't recommend it highly enough.

Thanks! Definitely gonna check this out! Out of curiosity did you do the 'paid' or 'audit' version of this? I can't really tell if the 'paid' version is worth it. I can't imagine the certification being useful.
I always just audit the courses. I'm doing them for my benefit, not for a certificate. I might buy the lecturers' book though as a thank you.

Pro tip: Use the mobile app, download the videos and watch them at 2x speed to save time :-)

Can creativity be learned? I feel like I've been cursed with a stellar memory, which people often perceive as intelligence, but I see lots of my coworkers come up with great ideas for new tools and processes that enhance our core business. Some of them even seem obvious after the fact (not that it discredits them at all), but I seem to lack the creativity and confidence to build anything on my own. Do you think this class would help?
They're trying to teach creativity, so you sound like their ideal participant. Give it a go.
I have done the first week since estefan suggested it to me. After week one, I will say this: It has definitely been helpful.

It gets a little too philosophical at times in a "you need to want to change the world sort of way" but the professor really emphasizes that you need to become aware of your own strengths and suggests different ways of utilizing your particular skills to discover and solve problems. He provides concrete examples of how others have done this which I have found useful.

If you lack confidence and creativity I think it might help you out. Of course there are no silver bullets for this sort of thing but I think I have already learned something from it.

If you would be interested in taking the course in sync with me and discussing the various lectures, let me know. I find that to be helpful when MOOCing. My contact info is in my bio, hit me up if that sounds appealing to you.

> It is tough, income is still less than I what I made in my cushy job

But you have more ways to avoid taxes (both legal and not so much). If you get paid cash for anything, you may be able to conceal the income. You can creatively shuffle losses into the limited liability corporation, to avoid being personally affected, and basically just sock it to whomever the corporation owes.

Self-employed people typically have way more ways to write off expenses.

In Canada, if you're an employee, you don't get to write off anything. Drive to work? Can't write off gas or car repairs as a business expense. Work from home a lot? Sorry, can't write off any portion of your rent or mortgage. All that changes if you're self-employed; you can write off every this and that: transportation; the proportion of your home that is your office. On the yearly tax return form, all employees can claim a meager little "employment amount": a token sum compensating them for their inability to write off anything.

While you cannot simply "write off" your drive and mortgage [as an employee in Canada]; depending on details, you CAN mitigate some of the taxes through your home office etc if your employer fills out t2200 in a way that benefits you.

(I am completely NOT a lawyer or accountant; but an IT worker and this is what my accountant does for me; your milleage and circumstances may vary :)

See sections 7, 9 and 10: http://www.cra-arc.gc.ca/E/pbg/tf/t2200/README.html

I think you are being downvoted because of the "you may be able to conceal the income" part. You don't want to do that specially when running an online business (which is never cash based). Everything has a trail and you need to try and manage all records correctly.

But yes, you have some ways to get some deductions for your business and write off a few things like meal expenses for client visit etc. But you cannot directly conceal income. That is almost a sure way of inviting the Tax Police/IRS.

At the end of the day, it is not so much about deductions for me. I still make less cash than my job (so far at least) even after deductions. It is more about the freedom of doing what I want to do.

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How does wife like it now? Is she happier despite the income disparity, or has it been a permanent sacrifice she has made for your happiness?
It is mixed feelings. She is happy that we are now close to the income we wanted even though progress has been slower than expected. Every once in a while, she does question if I did the right thing. Mind you though. Our expenses were very high when I quit. We got accustomed to a certain lifestyle back then and never had to think too much about money. That has changed but it does not mean we are poor. She is practical and smart and sees the long term benefit for all of us, not just me. Without her support, I would not be able to do it easily. No questions about it.
I'm glad you made the switch. I remember when you're thinking about it on HN.
I'm curious to know which expenses you found you were able to live without easily, and which cuts were actually hard to bear, and why. Thanks for telling your story!
I am preparing myself for a deflation of lifestyles as well. Once my loans are completely paid, my basic needs (food, shelter and related, public transport and internet access) will be covered by 40% of my income. The rest, currently, is spent on accelerating payment towards loans from friends and establishments. Will be done in 3 more months at most, which feels great. Though my closet could do a bit of a refreshment, I have put together an inventory which I will tick off and be done with it for the next couple years. My early next year, 45-50% of income should be able to go to savings.

What I have found most useful is to create a list of NEEDS and WANTS. Need is what is essential to your mental well-being. Clothes, good quality coffee (though this is a luxury for most, i count it as food and do not cheap out on it. I just don't like bad quality food nor coffee), shelter, a basic telecommunication device.

Wants are stuff like a certain kind of telephone beyond the basics, a certain kind of earphones, -sunglasses, -mechanical keyboards, etc. You see the sentiment.

Make an inventory of what you actually need, and what you desire. Then temper your desire. Sure, I do spend money on this or that once every little while, but that is a treat and a gift now, not the baseline.

I've heard Health Insurance is pretty expensive if you are self-employed. How did you deal with that? Is your wife also employed in which case you are just able to share hers?
I did buy obamacare for a year or so but now my wife works and we use her health insurance. I will be in deep shit if I have to buy out of own pocket (family of 4). So yes, that helps a lot as well.
Yes. This is common (in the US) for solo business people with families. When I talk to self-employed people, few want to discuss health insurance. The topic seems to be taboo. Maybe some are going without insurance? Obamacare does not address the issues of a solo business owner. As far as friends who run solo businesses, those who would discuss the topic all said that they had their wives get random corporate jobs (e.g., at a retail bank location) to provide health insurance.
Germany calling in. ;-)

This is a big business stopper in Germany, too.

Health insurance is a must here and can easily add up to 500 Euro or sth. like that per month when you got a wife (not working full time) and children.

So getting ramen profitable is possibly much harder.

Not OP but self-employed going on a decade. Have high-deductible (intentionally) insurance covering myself and wife along with tax deferred Health Savings Accounts. In our mid-30s. Insurance runs $400/month and gets a tax deduction. Covered at 70% for just about any procedure/medicine. Not sure of what's typical. We have this done pre-Obamacare (grandfathered plan), but prior checks show within ballpark if not grandfathered (assuming HDP/HSA that is).
"... and then bought an online business ..."

Where do you find businesses to buy? Is there a site for this or is it just a word of mouth thing? I'm curious.

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Same here.

I quit my cushy office job 2 years ago to start my own company. This year will be my first time posting revenue over $1 million. :) Needless to things, things are going very well for me and I am much better of now than when I was grinding away hating life.

Good on ya!

Do you have a link to your website? I'm interested to see what you do.
Not quite answering your question, but I quit my great tech job and decided to burn my savings and go into debt by going to law school. At least consider that maybe it's not the 9-5 that's the problem, but the line of work itself. Being good at something doesn't mean you're passionate or motivated for it. Depending on the kind of person you are, lack of passion/motivation can be an insurmountable obstacle to being the best you can be, to being fulfilled by your work.
I actually agree.

I have come to realize that 9 to 5 is not horrible, the key is self-fulfillment and happiness. For most people they will be unhappy regardless of the state of finances or work they do.

I realize that even if I have my own business it does not mean I won't have to deal with things I don't like. What attracts me though is the financial independence, having control of my future instead of someone else having control of it.

For me, it's control. I cannot stand idiot managers making decisions that have such a significant impact on my life. Everything from major, broad issues down to where my desk is located and the temperature of the office and when I have to be in. You will still have to work everyday full-time, probably more, and have different stresses, but I cannot fork over my autonomy to others in exchange for a paycheck.
I am very similar. I recently started a cushy dev job at a big company, and the micro-management, bureaucracy, and office politics drove me into a pretty deep depression, to the point where I began to utterly dread coming into work. I quit after two months and now I'm taking two months off to work on personal projects...

I haven't truly escaped 9-5, but I'm finally excited to wake up in the morning again.

I didn't escape my 9-to-5 job to start my own business (hoping to, eventually) but I did become full time work-from-home which is about 75% as good.

I pretty much set my own hours, start work between 8am and 9am and end between 5pm and 6pm.

Some days I really get nothing done -- right now we're in the midst of buying a house, and I must confess I'm spending lots of time communicating with the lender and broker, packing, etc.

Other days, I work until midnight to get stuff done. It feels a bit like being self-employed, but of course you still take orders. But you also have the backing and resources of a larger organization. Kind of a transition to self-employment, you might say.

I do have a side business of playing music for weddings and other occasions, but that's pocket change and will never turn into full time.

I can also work from home pretty much every day. I avoid it because I have 4 kids at home, and it's kind of a zoo.
Yeah, we have kind of a strict rule here that during business hours I'm not to be disturbed. Luckily, my daughter's in school 8am-3pm now, and then she often is ferried around to after-school activities, so the house is pretty quiet during the school year. So you have something to look forward to, hopefully :)
Lived in parents house while working for a few years to save on rent. Kept expenses vey low.

Saved enough for business school tuition. Hated business school and dropped out. Was left with a wad of cash. Started business since I'd learn more from starting a business than staying in school.

Best decision of my career by far.

Is your business profitable? If not how much longer can you sustain yourself?
I'm just opting in the 9-5 :) Not everybody has what it takes to run a business.

I'll do two things:

- Build and MVP and try to find paying customers. Once the money is flowing in, I might take a venture again into the startup world.

- Use a few hours / day to build the thing and start to look for a business co-founder.

Agreed - I actually _like_ 9-5. It's nice to have a break now and again, but I like daily routine of going to an office, seeing colleagues, etc.
Exactly. And I read earlier on here that for lots of companies, for each year you've been at a company you can do a remote day a week. Sounds perfect to me.
I left my cushy job two months ago. For years I tried to build various products (SaaS) on the side to facilitate the move. I was never able to get enough traction mostly because I wasn't able to devote enough time. I realized that I'd be never really be free unless I took a leap.

I'm launching my first official product in Sept. and have been consulting to pay the bills. The consulting has been good...perhaps a little too good as I feel myself getting pulled away from the product as I'm still busy after raising my rates a few times already.

"unless I took a leap."

Yes, exactly. Kudos to you for doing this. Taking the initial leap is the hardest part. Good luck!!

What kind of consulting do you do?
Web development consulting. Basically what I did at my previous job but now I have to get my own clients. I never really liked the pitching part of my old job but find it easier now that I'm basically selling myself and believe in that "product" more than what I had to sell before. Making this part more of a company is my fallback if the product side of things doesn't work.
Wow that sounds familiar. I'm consulting and trying to launch a product in October, while realizing I've kind of stumbled in to my own little software consultancy. I just had to hire a guy to keep up with the consulting load, and I've raised my rates a few times.
How's that (the hiring) going? Are you subcontracting?
After college I spent six years working at a good tech company. In addition to a lot of great learning, it allowed me to build a big financial cushion. I continued living on a graduate-student-like budget with a software engineer salary, so I saved about half my after-tax income.

This generates one year of runway for every year worked. But my savings also grew thanks to some solid investments, so after six years I had ten years of runway.

Over the subsequent four years I spent down about 30% of my savings while working on startups of my own (I made some revenue, I took some small angel investment). Relationships and expertise that I built in the process allowed me to pivot into running a lucrative consultancy.

Before somebody says "you can only do that if you're young and unattached", I will add that I got married before I finished school, and our first child was born the same year I quit my tech industry job.

That is highly impressive. I would like to be able to save 50% of my net income, but I have found that I have very little control over spending and end up saving only around 20%.
What would happen if you just moved 50% of your monthly income to a savings account and convinced yourself that it's going to stay there because it's for savings?
That means that for each five months working, you build up reserves enough to last you one month without working. It's not a lot, but it's something. Now make some effort to push it to a 33% savings rate, and for each three months worked, you'll have one month of expenses saved. And so on. At some point, it becomes a game of cutting expenses and raising income.

If you get to live on 20/25% of your income and invest the rest, in 5 to 6 years you should have enough invested to pay your expenses for the rest of your life, assuming an yearly average return of 4% over inflation. This formula was made popular by Jacob from Early Retirement Extreme blog/book/forum/wiki: http://earlyretirementextreme.com

Who works 9-5 anymore? The factory jobs are all gone.
I actually just quit a factory job to start software dev. The conditions and pay were terrible at my factory gig so I started learning to code in my spare time. Probably few people on this forum would be connected with people who recently have worked in factories. But those jobs do exist, and man do they SUCK!

Especially when the people in software aren't developing products for you because they have never met you, i.e. don't believe you exist. There are good things and bad things about the homogeneity of SV culture, and outside perspectives, especially from the working class, don't often make it past a seed round.

It's always interesting to hear another person talk about this. I've seen an article or two talking about how under served the working class is in regards to software.

Makes me wonder how much of it is economic, and how much of it is social.

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Just about everyone in IT. The (software) factories are thriving the world over and despite what StartUp people and various other revolutionists will tell you, hardly anyone is even trying to disrupt this. Because people (both employers and staff) are mostly happy with the status quo. You'll hear a lot of talk about reduced office hours, flexible office hours, working 4 days a week, "commuter revolution", etc, etc... those things are statistical outliers that haven't really affected the large picture. Leaving your job to build a business is probably the _least_ statistically significant factor in all of this.

So yea, factories (and factory working hours) are here to stay for the foreseeable future.

I don't think I've heard of a '9-5' factory job.
I had an 8-4 job one summer, when I worked temp jobs for an agency at various factories.

But the rest were 7-3, 12-8 or something in order to make multiple shifts fit.

Men are just machines. Most factories want 24 hours of production, some 7 days a week.

It's almost always rotating 3 shifts of 8hr(days, afternoons, midnights) or 2 shifts of 12hr(days or midnights).

A tremendous number of large corporations in North America have a traditional "butts in chairs" mentality/approach.

I'm a consultant but many clients, and especially government ones, in large enterprise IT, insist on seeing you in the office 9-to-5 (well... 8am-to-6pm really, but I digress).

While in the news and especially Hacker News, we hear more about the startup-type businesses, majority of people are employeed in big traditional corporations.

Well, I work 9<something> to 5<something> most days and so do most of my colleagues - employer is very sensible, nice office, interesting varied work....
I essentially used the 4 hour workweek script and am somewhere in the middle of that timeline, setting up my business now. 1. Figured out how to get all of my work done super fast 2. Started taking days off and working remotely using my above efficiency skills to put more and more time into my side project while still meeting all of my deadlines and obligations 3. Negotiated a remote and part time contract that only has me in the office 3 days a week. 4. Grind.

I'm still in the setup phase of my business (a hydroponics farm/green wall installations) but being able to devote entire days to getting going has been immensely helpful.

I started working the new contract about a month and a half ago. It was hard staying focused at first and I was a little too happy - go - lucky with my newfound freedom (Overwatch). So, while I was getting everything done for my 9-5, I've been moving slowly on the farm. Things have been better these past two weeks and I'm excited to get cranking in a serious way.

I should note that before I had even considered building a business or taking this step, I'd been doing research for the past 4 or so years that started my last semester in undergrad. I'd also done many small scale, non commercial projects for different clients in the evenings/weekends before I made the jump. Like another poster, to me, this is the equivalent to grad school. I could spend a bunch of money on an MBA and learn some things, or I could start this business, learn hands on, and potentially walk away with profit instead of debt.

>> 1. Figured out how to get all of my work done super fast

I always assumed that, as developers, we couldn't afford to automate writing code (as Tim's proposition is originally to automate the income), and so you do your work faster. Can you comment how you do that, how did you buy your remote time from that, etc.?

I'm not a developer, I'm a researcher. However, a big take away from the book for me that I'd imagine would apply to developers as well was not answering emails or going to meetings. He get's into how to do this politely and gradually, and it's definitely saved me time.

The gist of it is, generally, no matter how huffy the person at the other end is, what they're sending you is probably not an emergency. That being said, you can afford to batch your emails so you are only going through and responding to them once or twice a day as opposed to constantly losing your train of thought to reply to them or read them. This might not exactly apply to you, but reading 4hww got me to consciously think what sorts of things I might be able to cut. Actually taking the time to notice what those things are could help anybody I'd guess.

I got my remote time from that because I've been working at the same org for 2 years and have kept track of my wins/successes. I've gotten a lot of those because I've learned to be more efficient using ideas like the ones above. Over those two years, I've also noticed that our org has a problem retaining mid level employees and so I was able to leverage that when talking about remote time as well.

So I'm not automating my income, but I am saving time by cutting unnecessary tasks.

With the consent of my employer (another startup) I started in the mornings, evenings and weekends with a very supportive partner.

The aforementioned employer then began to fail, and so I was extremely lucky to be able to devote more and more time to my business as the aforementioned startup started to ask people to work fewer hours.

Once I hit a revenue target agreed with my wife, I jumped ship: http://www.elstensoftware.com/blog/2011/01/21/going-fulltime...

To lower the target required, I cut pretty much everything apart from the mortgage and taxes.

In some ways I miss the constraint of working fewer hours - I think I had better focus then; these days I do make a few mistakes with where I spend my time.

I did something like this early on in my working life. I got to the point where my side business had repeat customers and enough of a portfolio where I felt confident that I could bring on more customers. It wasn't a full jump, but the side business became the focus and I took on different side gigs to supplement income. I went back to a 9-5 after a few years, but during that time I did see consistent growth in the business.
You mean 9 to 6
I'm in France, and doing 9-7
italy, IT sector, 9-13;14-18 minimum
what?
9 to 6, unpaid 1h break. Been there just after school (but mainly to be able to say I did stuff for BMW).
Left my last full-time job in early 2014, jumping into freelancing with both my old employer and past colleagues-turned-founders as my first clients.

The first year was insanely though - trying to find clients that would pay what I desired - and I went through severe bouts of depression when Canadian Winter hit. My close friends who knew about the situation told me to go back to employment, I wasn’t cut out for this.

But I went through that trough of sorrow and hit many breaks in 2015 with clients that valued me enough to more than make up the losses I had the previous year. Fast-forward to today and I earn enough from consulting that I spend more time on personal growth and working on my own projects than I need to work with clients to sustain my living.

I haven't fully done it yet, but am on my way. About 2.5 years ago I left my 9-5 career (about 8 years into it) to become a contractor/consultant, basically continuing to do the same type of work, but for multiple clients, with an hourly rate. This was at the same time that our first child was born.

It's probably the best decision I ever made. I'll make about 1.5x what I did as a 9-5er this year while I probably worked less hours overall. I work from home 80% of the time. No commute, so much less stress, I'm lucky to have great long-term clients (who I wouldn't have been able to acquire without my previous 9-5 time).

Eventually I want to bootstrap a startup - that's phase 2. I've built up enough of a cushion, even though child #2 arrives in a month. I've got a side-project going on that will hopefully turn into a business. I'm still figuring out how to best transition, because right now the $ is good and difficult to voluntarily turn down.

I work full-time on my website since 6 months, after two years of development and growth when I was an employee. At first, it was only a little side-project so I haven't done anything to prepare my exit to entrepreneurship. I've quit my job when my partner and I we have felt a real potential for our website. I guess it's less stressful in France than in other countries, because we have in France the possibility to terminate the employment like a resignation, and then receive comfortable unemployment benefits during two years. There is no need to save money, and no pressure at the beginning of the startup.

Everyone has its own way to work on a side project. Personaly, I worked every mornings, before work. Why ? Because my brain was fresher, my spirit less crowded by external thoughts. I could go to work without frustration, with the satisfaction of having worked on my own website. And at evening, I could hang out with my girlfriend or friends without feeling guilty.

My 9-5 job got a bit boring after 5 years so I decided to work on an idea I already had in mind for a few years. With the help of my co-founder (which I met in the meantime) the business got serious and I noticed that I'm way to busy with the 9-5 job. So I got the opportunity to work 24h/week at a local startup which also shares our technology stack. I usually split the week in 3 days on the paid job and 3 days (w/ one day of every weekend) for our own startup. Now we're one year later, still having 2 jobs as the income is not sufficient enough to pay for life.
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Personlly, I have a family, mortgage, and full time job as a developer. I did an hour a day of 'car coding' with my laptop tethered to my cell phone, an hour here or there in the evenings and weekends. Took about 6 months to build an MVP and launch. Still working 9-5 though, and tweaking the product and message. I wrote up some details below.

https://medium.com/@m.taylor/zero-to-mvp-thirty-minutes-at-a...

It was just brute force.

I worked every evening, every weekend, on the tube on the way to and from the office. During my lunch hours. My coworkers knew not to interrupt me during lunch, because I always took a sandwich to the same desk, put my headphones on, and worked.

Have you seen that comic "You must burn", that's exactly it. It's painful, there's moments of crippling self doubt, there's moments when you'd rather be doing literally anything else, but you must burn through them. https://startupiceland.files.wordpress.com/2012/01/you-must-...

I had several failures. I launched an iPad app that failed. I launched several webapps that failed. In total, 4 "product launches" that failed and crashed and burnt, and countless more mini-projects that never finished or caught traction.

It took me years to get my first B2B client, but once I got it, I didn't have to work ever again, now I have 5 clients, and am concentrating on launching new products and growing and partnering.

Is this the article you are referencing?

http://www.feld.com/archives/2011/10/be-on-fire.html

Cause that picture is now my new wallpaper...

Also it sounds like you have a similar path to mine. Launch stuff, fail, launch again stop mid way when no traction, launch, fail.

Mind if I ask what you are doing that having 5 clients is all you need to be self-sufficient?

Yes that's the article! I love that picture too.

I am doing media monitoring, I collect vast amounts of data on social networks, p2p, rss, webscraping ... then built reporting tools on top of it - high level trend reporting, customer segmentation for acquisition and brand targeting, planogram computing based on collaborative filtering, an entire media and brand intelligence platform.

I also do Forex trading with TensorFlow, but that's only making about 70-80k a year, which is probably a living wage, but not if you're in London and have an insatiable appetite for GPU's like me ;)

I feel like calling out the humblebrag, but that's just impressive man.
> I also do Forex trading with TensorFlow

This is the second time today I'm reading about "solving X with TensorFlow", which I find very interesting. It's not, "solving X with machine intelligence/AI/an application I wrote". I don't really have a point, just thought it was interesting!

> I also do Forex trading with TensorFlow, but that's only making about 70-80k a year, which is probably a living wage, but not if you're in London and have an insatiable appetite for GPU's like me ;)

Please teach me how to do this. I will pay you for your time.

I'm developing a Deep Learning platform that helps with rapid data ingestion and model creation and training, all with a web GUI. It's intended to be an "accelerator" to take all of the boring engineering out and allows you to focus on the data science.

I'm about 1-2 weeks away from launching into beta, if you're interested I can provide you with a machine, a license for the platform, and consulting on how to search for profitable strategies.

My contact details are in my profile :)

Good for you and thx for sharing. I like the "brute force" aspect. That is what I tell a lot of my friends as well who really want to do it. There is no formula. There is never a right time (except some basic planning). JFDI
Brute force describes it well. At some point you have to take the plunge. You will likely learn fairly quickly if it's for you.

Expect to fail. And while it shouldn't be a goal, my failures have always been more beneficial, more productive than any success. Success always has the risk of promoting complacency. Failure will test your character and grit. In the end you will know more about yourself having tried than not. I also recommend doing it as young as possible. It helps to teach you the possibilities. If you decide it's not for you then you have time to start over and rebuild. Maybe with maturity and a different perspective you have the opportunity to pursue it again later on.

Quite a few people just are not comfortable taking this high risk (way higher than just investing in risky startups) with their own money, time and often health. Those unslept hours and stress are not negligible.
I agree, and I think that is a great reason to not "escape 9 to 5."

Much to my point about doing it young, if you are unsure, but you are tempted by the siren song of startup fame and fortune. The hype, glamour, fame and fortune is largely the exception and not the rule. The hard work and the hard lessons are much more the norm. The benefits you might receive are earned, and they are paid for in sweat, stress and sleepless nights.

The bottom-line is that it comes down to knowing yourself. You make a great counterpoint to those that are certain working for themselves, or starting a startup is their path.

If you are uncertain, the best way to confirm it is to test yourself, take the risk.

I started my own software consultancy: we mostly focus on web applications, and we've had awesome experiences helping many startups in the NYC area!

Lots of times startups have a good codebase, but they are having hard problems with just a few parts of the product: they don't always have a lot of funding, but it's fun to make connections and help them succeed.

Though, it isn't so much "escape from the 9 to 5" as it is "now you work all the time."

Not that I always work more (some weeks are slow, others very busy) but I do find myself having to be available more.

> Though, it isn't so much "escape from the 9 to 5" as it is "now you work all the time."

Hah, so true. Although I find working for my startup more rewarding than trading hours for money.

My path is similar to yours, I quit my 9 to 5 job in 2007, started a software consultancy than moved to building my own SaaS in 2009. Since than, that's the only revenue for my family (2 daughters, wife, doing home school).

The stress and lower money at time for sure, but like others said, would not trade this to return in enterprise job.

I woke up one day and realized that if I had to spend another day commuting for nearly 2 hours a day to sit in an office that I hated, I would lose my mind. So I quit and found a remote job. There are lots of remote companies out there, find one
Do you know if many remote companies offer part-time work?
I was already doing some side-project while employed and my contract was not renewed.

I took a 30% cut on my unemployment benefits so I had no obligation to find work for 6 months. After unemployment benefits ended, I tried to find a bit of investment and also did a KS. Both failed, so I started to eat a retirement plan I still had.

Then I applied for another 3.5 months employment benefits ( was my right ), and I simulated trying to find work.

Then it got really ugly and did some parttime barista work. Sold some belongings.

Then the product got traction: https://mecoffee.nl

I was employed by a big US tech company in France (8+ years). I left a few months ago to grow my own startup.

I've been working on the side project for 3 years before that. It's a SaaS web + mobile app. I worked on this project in my spare time (nights and sometimes during weekends). It was solving a problem that I was dealing with personally and I bet I was not the only one. The great thing with a side project is that you have no pressure and you can code features fast at the beginning. It was still a lot of work though but you don't feel it when it's your baby.

When it started to get traction (feedback from users is critical at this point) and some healthy revenue, I decided to take the plunge. France give you the opportunity to continue to earn something like 70% of your previous revenue (estimation, there are calculations rules) for 2 years in the case you create a new business.

I believe I found the motivation because my daily job was project manager but my side project was more of a developer job. Coding your own product without all the pain that a PM needs to resolve was a breath of fresh air. Combining the two competencies was also an advantage for learning to be an entrepreneur (even though I was more of a newbie as a developer compared to the devs I was working with in my previous company).

Now I'm enjoying it, I hired a few interns and joined an incubator in Paris.

Whoa whoa whoa, tell me more about the thing with France and collecting a percentage of your previous salary. How does all of that work? Who pays for it?
It's paid by the state while you look for another job (national employment agency). If your plan is to create a new company instead of looking for a new job you can get the aid as well. They'll usually leave you (almost) alone as long as you prove that you created a company and that you're not getting any salary of course.

It's great and something that doesn't make the news so much. It could be viewed as a state funding program. The state will get back much more in taxes and employment when and if the startup takes off.

Wow, that's neat. I'm assuming there are regulations around it, like being a French national or something along those lines?

Either way, thanks for pointing this out. That's an incredible benefit.

> France give you the opportunity to continue to earn something like 70% of your previous revenue (estimation, there are calculations rules) for 2 years in the case you create a new business.

lolwut, that's pretty awesome.

Yes. I know a lot of people who were able to launch their company thanks to that.
I did remote contract front-end development for about 3 years. Working contracts gave me a TON of flexibility to work on my own projects on the side. I also tried to take high-paying contracts and save as much money as I could. When my last contract ended, I had enough money in the bank to survive for ~18 months without another paycheck, even while paying rent in SF. Currently, I'm about 9 months into that.

I've worked on several projects since then, one of which (TaskforceApp.com) is making $500-$1500/mo. The other I just launched on HN about 3 weeks ago: http://www.IndieHackers.com. It's gotten almost 300k pageviews since launch, and I've lined up some awesome sponsors who combined are contributing about $1000/mo. My plan is to keep growing the site by adding interviews, writing more blog posts, and adding forums/AMAs.

If you're interested in hearing lots of other stories similar to this (most of which are more impressive), I recommend checking out Indie Hackers. I publish average monthly revenue stats in addition to interviews with the founders behind all these companies.

I have been watching indiehackers since you shared on HN. It looks really good and high quality stuff. Another bookmark for me as I obsess with the various products being shared and their stories. The revenue transparency is an icing on the cake :)
Sweet, I'd love to hear your feedback/ideas sometime! @csallen
IndieHackers looks really nice, although it would be useful to have the interviews dated to see how recent they are.
Good point, will add dates soon!
Super cool! I used to use Taskforce and actually cold emailed you way back in the day (4 years ago?) back when I didn't know much about web development!
I'm in the process of getting ready to make the plunge.

Right now doing 9-5 on top of part-time software consulting, mostly WordPress sites with trendy front-end stuff, but with occasional custom-backend and mobile app projects. I've partnered with a local design firm that outsources development and they provide me a steady stream of projects generate a majority of my side income). So far no marketing except for word-of-mouth advertising from happy clients.

I'm on track to do over $50k this year, but I don't think I can scale this any further without quitting my day job. My plan is to score another $XX,XXX project in the near future, stock up on cash and health insurance for my family, and finally take the leap.

My biggest concern is that we're dreaming of building a house in the next 3-5 years and how that'll affect my ability to secure a loan. We're planning on having the land paid off before we begin construction, but I still need to learn more.

Anyone have experience here?