Ask HN: How to quit a job
I ran a consulting business for a few years, until last year when I found that my co-founder wasn't really up for it and we had been suffering a lot in recent 2 years. It was getting to a point where it was super frustrating and I kinda started hating it.
Eventually, in May last year, I pulled the plug and we parted ways. We had some clients that we wanted to wrap up our work for, so it took us till August that year to clear things. Meanwhile, since I had a family to support, I decided to get another job to cover my bills. This job was done remotely (most of the time) so I could spend time with family and not stress about fighting traffic etc.
Now, around November last year, I started playing with an idea on the side. Started to hack a solution for it in evenings, nights and weekends. It kinda took off around Feb this year where I am making some recurring revenue (nothing major, but good enough for a side project).
So now I am thinking that if I were to focus 100% of my energy on this, maybe I can go from side-project to company status. However, for that I would have to quit my "day job".
So my questions:
1. How should I quit my current job where they don't feel used? 2. Should I jump into a startup so soon after my bad consulting company experience?
15 comments
[ 2.1 ms ] story [ 48.1 ms ] threadAssuming you still need the income, keep hustling at both gigs Vaynerchuk style. Spend the next 12 months proving your model and building up cash reserves.
While you're working remote for your day job listen to the archives for StartUpsForTheRestOfUs.com (if you haven't already).
Good luck with your new business.
You just quit. We live in a capitalist system, not a communist one. You are allowed to "desert" from your position anytime you want.
2. Should I jump into a startup so soon after my bad consulting company experience?
No.
or even stronger: your relationship as an employee continues while both parties - the employer and employee - benefit from it and want it to continue. if one or both parties does not want the relationship to continue, it ends.
The key is to set a very high rate, to ensure that (1) your time is not fully occupied with consulting, and (2) the time that you do spend consulting is very financially rewarding. And depending on the elasticity of demand for your services, you may find that you can make 70% of your full-time consulting wage, but work only 30% of the hours.
I also budget things out so that I am not surprised to be escorted from the building, with the resulting loss of two weeks (possibly) income.
You could also ask about going part-time for a little while, that may turn out to be a win for everyone - you still have a bit more income, and they can take longer to transition your knowledge and workload to someone new.