Computer Business
By Bytemi
@Bytemi (1553)
United States
January 17, 2007 10:15am CST
I am currently working full time as an IT Manager for an engineering company. Since my divorce I have had a hard time keep up with the bills and my daughter expenses, so I started working side jobs, my currently "clients" include:
2 Law Firms (I am doing VB Programming for)
1 Daycare center (producing menus, newsletters and calendars)
1 Publishing Company (maintaining their servers)
1 Engineering Company (maintaining their servers)
None of this is steady, rock solid work, but it helping a lot with my daughters expenses. My questions is, at what point should I consider opening my business and quiting my full time job, or should I just keep things the way they are and work myself to death?
2 people like this
2 responses
@coffeechat (1961)
• New Zealand
18 Jan 07
This is a great road towards entrepreneurship. The good thing about the part-time work that you have picked up is that much of it can be sub-contracted offshore. You need to pick a couple of companies, say in India or the Philippines or even both.
Get the front end business and manage the client relationships, speicifications etc. So for example if you are currently earning $70 k per annum from your job, you need to pick up at least a 100k worth of contracts that you can sub-contract out and manage.
The VB programming you can easily subcontract.
Me, I have taken that road. I subcontract work to two companies in India and one company in the Philippines in addition to being a full time mother of two young boys.
I live in New Zealand.
Send me a private message and I will be happy to introduce you to my contractors and you can see how things work out for you with them.
Cheers and all the best to a powerful and fulfilling way of life.
@Bytemi (1553)
• United States
18 Jan 07
this is my opinion but if I am going to start a business I want to work the business and feel satisfaction from a job well done. Yes I know everyone eventually hires employees and that is what makes a company a success but to just sit back and let someone else do the work seems a little strange to me.
1 person likes this
@coffeechat (1961)
• New Zealand
18 Jan 07
That is awesome! It is the best attitude to starting a business. But I found that I have only 30 to 50 hours a week to be productive in. That in effect caps my earning.
Say I bill $50 per hours, then that is the limit.
But then when I employ subcontractors I end up providing employment to tens of people who get paid better than they would otherwise. My clients get better rates and my productivity zooms! All this without increasing my overhead.
