Ask HN: Advice for a Generalist Going Solo?
I'm 50. I started my career as a developer but my role over the past 15 years has morphed into a professional generalist in small (<10 people) financial firms. I have responsibility for all non-revenue activities (legal, accounting, audit, operations, regulatory, etc) so most of the team can focus on revenue.
I've decided to move to another country and that means I'll have to leave this job. As much as I have enjoyed it, I would like to go solo / entrepreneurial. Being a generalist with no specific skills, seems to be both an asset and a liability in such a transition
Has anyone made similar career changes with advice to share?
EDIT - Great responses so far. I'm particularly interested in hearing from anyone that went from generalist to a completely different direction/field. Not just contracting their generalism or specializing within one of their general fields. Thanks!
64 comments
[ 4.6 ms ] story [ 133 ms ] threadIn my mind, being a solopreneur is all about lead flow; that's the toughest part for me. I leaned heavily on my network as they knew the quality of my work and I didn't have to sell them much. I'd start reaching out to everyone who you have worked with in the past decade and letting them know you are looking. My favorite phrasing, which doesn't put past contacts on the spot, is "I'm looking to do XYZ. Do you know anyone who is looking for such help?"
I'd go looking for work 6-8 weeks before my contract ended (I tended to have 1-2 at a time).
You could also look at productized services, though I didn't do much of that. More on that here: https://neilpatel.com/blog/productized-services/ Maybe a 'startup package' which handles most of the toil to get an org set up?
Ah, then you'll want to specialize. I've seen this work for many folks and I did to some extent (definitely got egg on my face because I thought "<new tech X> can't be hard to learn, I'll just accept this contract and pick it up". Narrator: <new tech X> was indeed hard to learn).
If you are looking to specialize, I can't recommend Amy Hoy's work enough: https://stackingthebricks.com/ The team there has a ton of articles, books and whatnot to help you find the focus you need.
But traction will take 2-3x longer than you think, and an unexpected stream of “one-offs” will eat your runway.
So be extremely conservative on costs from the very beginning.
The question is scale. When you're a small firm that needs all these services, you cannot afford a professional in each role so you outsource all those functions to larger firms ... but you still need someone internal to have enough depth of knowledge of each field to direct and validate the specialists' work. There is absolutely no "set it and forget it" when it comes to outsourcing the professional services that keep a (heavily regulated) company ticking over.
Right now I'm doing all of that at our startup and would love to find an individual with this exact skillset so that I can focus more on hiring, product, and growth.
Overworked? I'm not sure legal and accounting are things that one can just "do".
I suppose maybe just "operations".
To my surprise though, as I got more and more general the rates I could demand got lower and lower, even though I had all these successful projects and good references etc. I finally picked up on the fact that the only companies who would consider a generalist either didn’t know what they were doing, or couldn’t afford an expert in the specific skills they needed.
Decided to specialize in something in-demand, and life got a lot easier.
So its more about positioning, I think. How you're able to sell yourself and the skills you have.
I went down the same path, and came to the same conclusion. Most of the time you don't even have to learn that many new skills to "specialize", you can just change the messaging and positioning on your website/resume/conversations with future clients.
That observation has resonated in my head since.
I've done well and been paid well but I'm moving away from generalism for other reasons.
It's also a difficult exercise to the generalist-minded, to market oneself as a specialist. One must adopt a very reductive view of one's own skills of experiences. "From now on, I'll just be a Python programmer who specializes in backend systems for the medical industry" is hard to internalize.
1) Doing business in a foreign country is hard. Your two options are to target your new country or target your home country. If you target your home country, meeting with potential clients is going to be hard due to the physical distance and the time zone difference. If you target your new country, you're going to be at a disadvantage from a language and business relations perspective. Also, pretty much every country is inferior to the U.S. in terms of business development. Companies outside of the U.S. can be much more risk adverse and unlikely to do business with an upstart.
2) Getting a cofounder is really important. Moving to a different country can be lonely, and running a business can be stressful with a lot of failures. You need a partner in your business to lean on and to fill in for your weaknesses.
3) Have a good idea of your business plan before you start. You should basically have people lined up to use your product before you build anything. If you don't have that, it's likely you won't have a product people want once you build your product.
1- social cues (do they say or do things the same or different?) 2- similar goals/motivations (do you often pursue similar milestones? do their motivations match or compliment yours?) 3- similar methods/reasons (do they think in lean terms? or large strategic moves? are they abstract? or ultra practical and metric driven?)
Make sure you can trust this person and that they always try to follow through on what they say. Understand how their own perception of their own status and recognition by others affects their decision making. I'd advise to watch very closely what they do, and weight what they say (justifications, rationalizations,) very lightly.
However, I find once I get in and do my specialty, I'll then generalize and flex as the project needs me. I am paid to be nice and make problems go away, above all.
Absolutely. Sometimes I’m also just paid to be „that outside guy“ who can bring in fresh ideas or change things that were set in stone just by virtue of not having a stake in internal corporate politics and not looking to take away anyone‘s cushy job.
If you're planning to work with one at a time, you can avoid the overhead and costs of running your own company by convincing desirable companies to simply hire you.
Take legal for example. I spend a lot of my time working with lawyers in countries where we are setting up a vehicle / working with a client but where I am not domiciled and IANAL in any country! I decide with our management team what kind of legal structure we want, the terms, the carve-outs, the financials etc and I draft layperson's language based on that. Our (external) legal team will turn that into a 60-100 page document that is compliant with the laws of the territory in question. I will review that in excruciating detail, look for errors, edit and iterate many times until the document is good for our purposes. This really means going through every kind of scenario (defaults, bankruptcies, early termination for any reason, loss of key personnel etc etc) to make sure nothing will bite us in the butt down the road. Once the vehicle is launched, it is my job to make sure that the financial vehicle follows the rules laid out in the legal document on a day-to-day basis. By this stage, I know every clause in that legal document, usually better than the drafting lawyers because I'm the one that "lives" with the document. I can do all of that without being a lawyer or being knowledgable about the specific laws of the territory where the vehicle is based (which is not necessarily where I am domiciled) because other people bring that local knowledge to the table.
So .. while as a firm we hire outside counsel to perform our legal work, it is far from outsourced. I am heavily involved with my business knowledge and prior experience with legal documents (learned on the job), and the lawyers have their legal knowledge, prior precedence and all-important templates. And we marry the two to craft and manage our legal agreements and vehicles. I am confident I could apply that skill in any country with similar legal foundations to the US.
To be clear, I cannot think of any scenario where you would allow a non-lawyer generalist to operate without external counsel.
This is not just an international thing, some types of businesses need to do this on a state-by-state basis within the U.S., or even for localities like city or county. For example retail chains may have to deal with signage and parking laws that differ from town to town.
A person leading operations interacts with local subject matter experts to succeed in these areas. The structure of those interactions is pretty consistent: you tell them your business priorities, and they tell you the risks. You make business decisions based on those conversations, and then monitor for changes.
Based on your original description - you are an expert in "back office" skills.
In the short term, helping friends and people you meet find their dream jobs almost always pays off in a good friendship, intros, and occasionally sub-market help when those individuals are looking to broaden their skills and you want to take a risk / increase capacity. It can feel scary to add payables, but it's much easier to sell when you can confidently go into a meeting and say: I/ we've never done that before, but we have a really healthy network to pull fresh devs from, it mitigates very legit concerns of on the job training. Any savvy client that's going to challenge you to bring your A game will sniff out being oversold from your first conversation.
Also, don't overstay. Especially right now, with startups having real concerns about their ability to raise, getting 2 projects with a few months in gap from the same client can be a great way for you to have a natural renegotiation about rates, work-style, etc without running the risk of bikeshedding, which is bad for everyone (your skills will suffer, making it harder to write clean, short proposals). This habit allows you time to make sure you've got good deal-flow and that you're showcasing work regularly, and you stay relevant.
Crypto space does not, the more you can do, the more value you can extract
easy to miss that this is what's happening, but private sector failed to value a skillset and another sector did not
you're right, it was a mixture of making a synonym for corporate while also trying to distinguish between business sectors
You’ll find people on a similar path.
* To do well, you'll need to learn how to consult -- your skill set and the skill set of consulting are two very different things.
* Even as a generalist, you need to figure out what you can do better than anyone else. That might be a specific skill or it might be particularly compelling packaging of your skills but, either way, you have to stand out. If you don't, you're competing on price and client stupidity, and both are a good way to be frustrated and poor.
* Have rules and stick to them. Mine were always: No clients who had never hired a consulting solution in my space before, because the training-wheels stage takes time. And no clients who were so small that the owner was my primary point of contact -- when you're spending your contact's butter-and-egg money, it makes for messier engagements.
* Learn to sell. You'll want to believe that you can do in on social media, do it with the strength of your existing network, blah, blah, blah. Nope -- all of those things will eventually fail you and you won't have developed the sales muscle to get through the dip. You have to get good at aggregating and then talking to strangers. convincing them of your value. Related: Set your rate high enough that you are living good on 1,000 hours of billable work a year or less. That gives you a lot of time to market.
* There's unreasonable value in being easy to work with. Fixed fees. One-line invoices. Charging a high-enough rate that it's easy to say yes to minor scope tweaks without having to change the contract. Stuff like that stands out.