Advising · Business Development

UPDATE:choosing career path between solo or taking a job,started the company n now i have two customers n my job begins next week,which path?

Anonymous

May 16th, 2019

So I posted few days ago and I appreciated what you guys said to me in my previous ask post https://cofounderslab.com/discuss/i-need-advice-about-choosing-between-career-path-taking-a-job-and-solo-path-building-my-own-business I decided to just go with it while I had time before I started working. It took me over like half a day to build a simple website, have an emailing list, create an automated email marketing process, A/B email testing and scdulled emails to more than 100 targeted companies over the next 5 days. I am today in day two and here is the result:

- first day had 7 views over my email campaign of 20 emails.

- Second day 14 views over my email campaign of 30 emails.

- by coincidence someone has reached me regarding the business I am about to do.

- THE BEST THING ALSO: I GOT MY FIRST OFFER from the list of mails I contacted over the two days , a company contacted me and they are requesting my services.


I of course got so excited and now I am in stage two of doing the research to best help those two business requests. But every time I think about the idea of going to start working next week actually makes me sick specially that it's a factory and that it's far away from everything " I will be stuck all day". the only thing that is making me take this job is to support my partner, she was supporting me while I was studying and my partner said what would you do if something happens to me tomorrow, you need to have a stable income. I totally get what my partner is saying but in the same time I do want to explore this option, and working the job and business both will be very challenging and I don't want to lose all of my power for that work although I am not even getting paid an amount that is very encouraging in the first place. Not to mention the definite possibility that the job might require me not to work in the business because it interferes with it maybe.


The thing is, having all this positive feedback that I got from those two days, is it enough encouragement or validation to pursue that fully? if not when is the sure way to guarantee the success of this venture to transform fully to it?


thank you for reading this far! :)

Clay Nichols Helping other startups grow after launching 2 successful startups.

May 16th, 2019

  1. How long could you live off of your savings?
  2. How quickly could you get a job (if you didn't take this factory job)
  3. How solid is this potential customer? (% likelihood that they'll actually pay for what you can deliver)
  4. How much more per hour would you make with this potential customer?
  5. How many months could you live off of what the customer is likely to pay you?

Louis Lim Founder, CEO Helios Eos

May 19th, 2019

If your job is just emailing in your venture. Why you need to resort to quit your job? Doesn’t make sense.

AShu Co-founder I CTO I Co-adviser I Full stack developer

Last updated on May 25th, 2019

I Know it's hard to take decision some people say this wrong or this correct. But I Will say take decision as per your believe and after that never look back. As I know nothing is correct or nothing is incorrect. It's all up to you what you want do. And without risk and try you can't achieve anything if you see any great founder stories . So just take strong decision go head Because I believe time is most important which you will never get again. If you need technical help Just ping me I am very happy to Help

Paul Garcia marketing exec & business advisor

May 22nd, 2019

There is always low-hanging fruit that is quick to respond. You probably selected your first audience knowing they were the best prime targets. But that's not a sustained income. Today's sales are not a prediction of tomorrow's sales. If stability is important to you, take the career job. Run your enterprise as a hobby business until it's proven that it will reliably grow to a point it can replace your regular job.


As far as your results, your N is too low to extrapolate what it means for a bigger audience. The time is also too short. You need a couple months of results before you can start accurately making predictions. If you win the only three customers you're ever going to get this month and then there are no more customers for future months, will you have made the right decision to quit your regular job?


Making the transition is always scary. And a business that doesn't receive 100% of your attention isn't really a business, it's a hobby. @Clay is correct, how long can you live off your savings? What is the rate at which you consume your available cash to push your business forward?


And I would remind you that unsolicited email messages are illegal. I don't know how you're getting your mailing lists, but I'm guessing it's not from people who asked you to contact them. One person who gets pissed off that you took their email address off their web site and tried to solicit them, could land you in court with fines to pay. Read up on CAN-SPAM and understand what you are not allowed to do. If your business model relies on finding prospects online and writing down their email addresses so you can email them about your service, you're breaking the law and you don't have a real marketing plan.

Shweta Dubey Web Application Development Specialist providing services across globe since last 15 years.

May 24th, 2019

What exactly is your job. I think you can continue with your job (if you have one or found) and side by side run your business (again depending on what exactly you are doing).


Down the road over few years you will get to know which path to follow and what is your vision.