My backstory: Collected coins as a kiddo, took a 35-year detour into startup land: Started a VC-backed Web 1.0 company from 1999-2002, ran a non-tech company for ~10 years, then 2014-2022 did very traditional early stage tech product management / utility infielder roles. All fun times with at least one legit acquisition/IPO so far, but it turns out I don't love long zoom meetings and politics and formal process all that much.
In 2021 I started getting back into my old coin-collecting hobby and dabbled in buying and selling at a local coin show, and boy oh boy did that escalate quickly (it was one of the most fun and dopamine-filled weekends I can remember in a long time).
Cut to 2023 and I'm running my own rare coin business full-time -- buying, selling, and trading. It's such a fascinating business and very quiet multi-billion dollar industry with enormous opportunity. You need to have a passion for coin collecting and have a knack and aesthetic eye for quality (it's not all spreadsheet Moneyball), but man is it fun.
Feel free to AMA about being a tech nerd full-time coin dealer :)
This time around, I'm building a solo "digital product studio" [1] instead of a startup. So, I'm staying one person, haven't raised money, and have multiple revenue-generating products. Product revenue doesn't cover my costs yet, so I do occasional consulting to bridge the gap.
I like the flexibility of this lifestyle. I'm based in NYC, but writing this from Tokyo where I've been doing a creative residence for the past two weeks.
And, a fun technicality - I truly self-employed in the sense that I have a salary and a payroll system. This is because my company is registered as an S-Corp in the USA, which requires the owner to be on a salary.
[1] https://www.contraption.co/essays/digital-product-studios/
Tips:
1. Live simply and reduce expenses. Avoid debt if you can. Rice and beans recipe: https://hypertexthero.com/eat-play-read/
2. Try to be nice to other nice people and stay in touch with past co-workers, especially the nicest ones. They make the best bosses or clients later. Don’t burn bridges unless there is no other option.
3. Always be working on a project for yourself that you enjoy and can learn new skills from. If the project could be useful for others, clean it up a bit and share it.
4. Use a paper weekly planner and write down things to do and cross them out when they’re done. Write ideas and things to look up here. Have a drawer or cardboard box in which you throw pieces of paper with ideas written on them. Open the drawer and pick a random piece of paper when feeling stuck.
5. Look in the mirror now and again and ask yourself if you are happy with the upcoming day. If there are too many days in a row when you’re not, time to change, move, etc.
On the one hand, I know which idiot last used a tool: me.
On the other, I would no longer see other humans besides my wife most weeks. To keep sane I also work one day a week at a bike shop fixing bikes. It's something I'd done on a volunteer basis many years back.
The unexpected nice thing about this is that it gives me projects that are an hour or two in size in addition to the many-week sized projects that I do as part of my business. It's sort of like getting to fix a small bug in the midst of adding a big feature; it lets me pop out of the big project for a bit and see something else through from start to finish and see some tangible progress before diving back into a long-running project that moves forward in fits and starts.
Beyond getting to tackle some bite-sized projects, I'd say the thing that sustains me is getting to work with clients. It's tons of fun when people come to me with a vision that we can iterate on and bring into reality. And then the flip side is also rewarding: getting to scratch an itch and turn a design I've been turning over in my mind into reality.
Edited to add: If you've got an idea for a furniture or woodworking project, my contact info and website are in my profile.
https://github.com/docker/cli/issues/267#issuecomment-695149...
I started self employment as software consultant, which worked pretty well despite not having any connections from my previous employment. I only needed one or two projects a year to sustain my lifestyle. Getting two companies a year to accept your application isn't hard. If you write at least 5 applications a month, you need a success rate of less than 5%.
I changed to technical writing later, because text is less of a struggle than code, and educational articles that explain how to use software (e.g., services, tools, SDKs, frameworks, etc.) are paid pretty well, especially compared to the non-technical writing tasks. Regular software consulting projects take months and can haunt you for years. An article takes a few days and after that you can do other things you find interesting.
Via technical writing, I got into other kinds of text related jobs the software industry offers, like social media management (e.g., Twitter/X, newsletters, blogs) for companies with developer audiences.
Usually I work less than 20h a week and I can do it from everywhere, which allows me to travel often and having enough time off to enjoy it.
I think the thing that I would say about self-employment is that people understate the day-to-day flexibility and overstate the month-to-month flexibility. It is _addicting_ to be able to structure a given day exactly how you want it, and to take days off without having to worry about PTO; conversely, I've done a hither-to poor job of increasing my bus factor and it's tough to e.g. plan entire week-long vacations without knowing I'll need to carve out extra time afterwards to catch up on inbound issues.
Being self-employed is hard work for sure. I also _totally_ understand the cliche of "becoming a founder makes you un-hireable"; it's really hard to imagine going back to a traditional job after this, and I find it more fulfilling than anything else I've done in my career.
I believe that around 50% of workers are technically contracted one-man companies, and this percentage is inversely correlated with the seniority level - the greater the earnings (and the sense of job security that goes along with expertise and experience), the greater the incentive.
Going B2B makes a substantial difference in terms of fiscal burdens. Other than that, your day-to-day work looks pretty much the same though. You're just sending monthly invoices to the same employer, typically a single one, sometimes for years on end.
It's hard, but less hard than what startup founders do. It's nice having control of my schedule, but the flip side is that there's never a day off. Personally, I think being self-employed is great for people who naturally work really hard and want to capture the full output of their labor.
I don't think I could ever go back to full time employment for someone else. It's addicting having your own business that actually cash flows!
Definitely envious of those with actually sustainable business models, though, heh.
(p.s. https://github.com/MeoMix/symbiants, come say hi in the Discord if you want to talk shop about Rust/Bevy/WASM/gamification of mental health)
Just now I spent 3 months making a game that turned out to be worth $0, but that's part of the process. As long as the project itself is interesting and you learn something from it, it doesn't feel like totally wasted time.
Saved enough money to generate 80 percent of my last drawn salary from my investments.
Now focusing on creating my own fintech web app, with generative ai integration.
I like the feeling of working independently and years of corporate job had taken taken toll on mental health.
Currently building skills in fullstack web development and generative ai. Would take freelance job for some extra cash
I then rebooted my software project, launched a landing site and started talking to prospects (hundreds of them), before I set out to pivot my existing product to something that might gain traction. (I wound up throwing away 95 percent of the code.) I spent 2014 through 2019 with the product in beta, barely making a living off of a few enterprise support contracts and doing freelance photography (and depleting my savings), but spending at least 80 percent of my time on building the product and getting it to a finished state.
(Some people seem to be able to build a product in a weekend that gets eager customers. I'm not one of those people, choosing to build something that was, in retrospect, much too big of a project for one person. I probably also spent too much time polishing the product before commercializing it, likely due to a fear of failure.)
In 2019, the product was finally commercialized as a SaaS service. I remember thinking that I either wanted it to be a spectacular success, or a spectacular failure (so that I could focus on other things, after close to 20 years).
It was neither, but has been growing steadily ever since. I would have made much more money working for someone else, but the freedom is unparalleled. I get to set my own hours and focus on things I consider important. I enjoy doing everything from support calls and UX work to building a compiler and a type system (that I have mentioned before on HN).
I also have no one I need to answer to, other than our customers. That has been important over the past couple of years, when a series of health emergencies in my family has diverted my attention elsewhere. I have been very fortunate to be able to do so, focusing on what's important, without having to ask permission to cut down on work temporarily.
Overall, I wouldn't trade this for anything. This year, my product will gain a sister product in a more lucrative field (I'm hoping), and I have plans to commercialize my compiler, both as a service and as a traditionally-licensed library. So I'm excited to stay solo and keep working on building the business.
I really like having close contact to customers as well having a very high variance in the type of work that I do.
I also run DebianSupport (https://debiansupport.com) from which we provide professional services for Linux. Mostly Debian and Ubuntu but not exclusively so.
Having used Linux extensively since 1997 and PostgreSQL since 2000, I really like working with both pieces of technology. And I love being able to provide value from my skills and experience.
I've been active on both the open source and commercial side of embedded Rust since the beginning, so it's been fun to watch it grow both as an ecosystem as well as from a commercial adoption perspective. Doing consulting makes it easier to help do more open source docs + support in the open, and seems to be one of more sustainable ways to do OSS in my opinion, if you can swing it.
I worked nights and weekends for about 10 years on the products before they were good enough and selling enough that I could go full time. I’ve focused heavily on not having technical debt, and making the app as user friendly as possible to cut down on customer support burden.
Customer support work on holidays and vacations is required, but only for an hour or two. It’s been a pretty good gig.
I was doing typical employment until October 2023 while doing some part time freelancing. The company had layoffs and I decided to do more freelancing while I look for the next job. Then the freelancing pay became double or more what I'd make from normal employment, so I am unlikely to get back to "being an employee" unless the situation changes significantly.
Initially I was worried about being able to find enough gigs to be able to make enough income to survive, but now my main struggle is to not take on too many responsibilities at once to be able to keep the clients happy, and even had to turn a few people down because I'm getting too busy...
I do get some spare time for myself to work on my own things, a few of those projects do bring income, but my main income source and the thing that takes most of my day is the freelancing.
I hired an accounting company to take care of taxes and stuff.
Most of my clients are in the UK.
I work partially through Toptal and some through my network.
I can't complain too much about it!
I run 2 long-term consulting gigs (one of them is an Elixir project for the French government at https://transport.data.gouv.fr?locale=en, the other is in the healthcare sector).
I have also bootstrapped various products (and plan to do more in the future).
And did my first freelance project about 3 years ago. Mostly doing FullStack with a FE focus. From then I've been working on and off due to studies.
It certainly has its upsides and downsides. Here in Germany, freelancing allows one to somewhat escape generally low salary for employed software developers (as compared to the US). But what I don't enjoy is the distance to the actual issue/customer at hand. It's on average a much more corporate form of work. And the last couple months have been very slow in terms of demand.
Anyways, building out an automated cloud compliance platform. MVP is coming out in the next few months. B2B subscription based SaaS platform for automated SOC 2 compliance in AWS. Post MVP looking at PCI and then some of the data privacy regulations. Also reviewing upcoming compliance requirements for AI and Electric Vehicle Charging Management Systems (EVCMS).
PS: Happy to answer any engineering questions or share tips on how to become compliant with least toil. Regulators aren’t engineers and engineers don’t understand what needs to be minimally done to get the auditors off their back, so this is my way of giving back to the community. Traveling internationally and will respond here on a best effort basis, or my LinkedIn (listed in my HN profile) is the best way to reach me.
Cheers! Vic
I have at times taken 6mo - 24mo contracts as just a software engineer when the pay and environment were good enough. This work is far less interesting, because someone else is typically designing what is to be built.
It’s not easy to get started, but im very happy with this change after being a FTE for 15yrs. It’s a refreshing experience having to talk to customers to understand their pain points and then build something for it
I’m also doing some part time freelancing, so with my products + freelancing I’m earning way more than as a FTE
After a decade of building products for clients, we've recently launched our own bootstrapped SaaS offering: https://reamdocs.com --- the contract management platform we've built in-house to manage our services business for the last 5 years.
That all pays the bills, but what sustains me is my time outside of work: my family, my hobbies, my cat. Joys which I have time for because self-employment has allowed me to set my own hours, walk away from toxic clients, and freedom to do what is interesting on any given day.
I left my job in 2014 (worked for a semiconductor company), muddled around for 4+ years with not much to show before writing programming ebooks allowed me to earn a living. Fast forward to 2024 and I'm still only earning about 1/3 of what I used to earn (without even considering inflation, what my salary could've been now, etc), but it works for me.
2/3 of my time is spent on consulting projects, which pay better, and the rest is spent maintaining the platform. At the moment, the platform is self-sustaining and the revenue from it is growing fast. I work some of the largest companies in the industry, which is great for network building. The flexibility in schedule it offers is terrific, and I have no need to fundraise or hire.
I handle the customer-facing stuff, ie service and support. That sort of work has the downside of dealing with occasional negativity, but for the most part our customers are happy and capable of producing complex problems that are fun to solve :)
In the past 3 years through my company (https://webesque.agency) with the aim of expanding in digital product delivery, though I haven't invested enough time and marketing on that front yet. Thus I continue to contract and consult on DevOps automation and Cloud related projects for the time being.
In addition, I co-founded a company that makes Escape Rooms. We sold 13 turn-key rooms to other operators, then eventually invested in our own venue. We were the only company in the southern hemisphere to win a prestigious TERPECA award this year, so it's not a stretch to say our venue is probably the best in Australia. I've never earned a cent from this in eight years... But, this year is the one. Maybe. Probably. Hopefully?!?
We (my wife and I) do business-development for our crazy schemes, sometimes alone, sometimes with the help of up to six contract developers that we love to work with. I fund those crazy schemes by doing contract software development myself. Benefits include 100% paid health and dental insurance, as much 401(k) matching as we can possibly have, and afternoon siestas.
We have no plans to hire anyone else, simply because it would be very important to me to give them a square deal: Equal ownership in the company, equal benefits, nice equipment, and so forth. But I don't mind enlisting other contractors who are already comfortable, and if one of our schemes really takes off, we incorporate a Delaware C-corp around it and make sure everyone owns a piece. That's only happened once, but I managed to quickly step down from the C-suite and become a SW dev contractor at that company.
Main income builders: - https://www.deepwander.com - https://www.readthistwice.com - https://www.iso100mm.com
I've got a background in B2B and product development, and I don't think it would be too hard for me to raise some capital, but I'm intentionally choosing the indie/bootstrapped route as I want to maintain my relaxed lifestyle and have complete ownership and freedom over what I work on and how I do it.
I also enjoy working on B2C way more than B2B because I like seeing my impact on an individual level. But I digress. :)
After selling my last startup in 2022 and being very burned out I decided to lean deeper into my own hobby - metal detecting. This lead to me building out a lot of cool tooling around historical maps to help me find better areas to detect and I slowly began to realize that there were many other hobbyists and enthusiasts who also were interested in the maps and tools I was building. So Pastmaps was born
The traffic and server costs started snowballing in the past year so I added the ability to buy physical prints of any of the maps in the collection and this has also started to take off. It's only ramen-profitable for now so don't go thinking that this is hugely successful by any means but it's growing on its own so I'm excited to see how big it can get.
Next up is also adding some premium tooling and features that many of my members have been begging me for so fingers crossed!
I set myself the goal of earning the same or better (after taxes) as what I was as a full time worker in the same sorts of companies I am now working in, and I’ve always managed that - plus I get many more hours in the week to spend with the family, I don’t have to travel constantly, and I can run every day without thinking too hard about how I am going to fit it in around sleep, family, work, and the rest of life.
I sometimes miss a few things about working in a ‘normal’ job in France (job security, sick leave, paid vacations) but the freedom to create my own schedule and fit work around life a lot of the time more than makes up for that.
I worked in tech for about 15 years where I paid off my student loans very aggressively, then once those were done I started pushing the same amount of money into retirement and savings accounts. My wife and I have no kids and were probably putting $50k+/year away. Turns out if you do that for 15 years, you end up with enough money to never need to worry about rent or health insurance again and you can choose what you want to do that is more fun. For me that was instructing and leading epic multi-week rafting trips like the Grand Canyon 3 times, the Maranon River in Peru, and the Alsek River in Alaska.
[1] - https://emysound.com [2] - https://github.com/AddictedCS/soundfingerprinting
The flexibility and being my own boss is great. I have enough bandwidth to work on long term bets, while keeping income flowing. The type of clients who hire fractional CTOs can be challenging - they're typically bootstrapping, and often have unrealistic expectations. Finding new clients hasn't been particularly hard, at least so far; word of mouth in my network has been about 70% of engagements, with online postings the remainder.
Not for everybody. I own my house and don't have kids, so I have a high risk tolerance. But, if you have a safety net and the confidence in your skills, it's a great lifestyle.
I'm also working on a new SaaS product (co-pilot + CRM for small recruiting agencies). I'm looking for someone to work on it with me. Tech stack is svelte kit + node + python for custom models. I have an audience of 160K followers on LinkedIn, mostly recruiters, that I can reach when the product is launched.
If you are looking for an interesting side project that will generate revenue, email robert at getditto dot com.
The greatest thing it to be able to adjust the daily and weekly schedule around what I want or have to do and when, and no commuting.
I find jobs on Upwork and I do cold reach out on LinkedIn and via email. So far, I managed to keep myself pretty busy and I landed a few pretty good projects. I consider that a success since I went into the freelancing world not knowing much about it.
It's hard, especially with the uncertainty of where the next project/money is coming from, but I can't imagine going back to a full-time employment anytime soon.
I've bootstrapped a few companies. B2B apps are easier since you can do custom work for business clients while you perfect your software.
Crone AI is much harder. It's my first edtech consumer app. It's been live for 3 months and we've made $1,500 so far (lol).
My previous business startups made $200k ARR and $1M ARR. Iterating on consumer apps is more fun and you can still extrapolate growth from small numbers.
Previously, I worked as a back-end dev in NYC in the media sector - initially at half a real salary because my employer decided to take a gamble on a n00b dev with a degree in writing - and then as a suit wearing front-end dev consultant in the finance sector for 2 years altogether.
I love the flexibility and the range of work. I have had partners and employees but am solo again and enjoying it. My spouse has good health insurance and a more traditional career, albeit one that has required a move every 2-3 years, and that helps quite a bit.
You will save yourself a lot of grief if you can build up your credibility and a good stack of relevant and wide-ranging contacts before you start. Bad clients can cost you more than money.
If you are considering it, be honest with yourself. Many, many folks are better suited to a more structured work life. Advocating for yourself AND your client's best interest is no small challenge when you are solo. Finding a niche, whether in technical expertise or industry focus, will help significantly.
Also – I highly recommend adjusting not just your rates but your billing structure to create more value for clients and better work. E.g. I now have tiered support plans – and tbh if I were based in SV and 10 years younger, I would probably build a SaaS to make it easier for more folks to do that.
I've been hit by layoffs in tech twice in the past 2 years. Once due to the consultancy I was working in selling, and all non-billable roles being terminated as a part of the sale. Then I joined a mid-sized startup as a head of engineering, and it turned out their remote work policies were bogus and they wanted me in the office all the time, and so they ended my probation.
So I'm a bit disillusioned with the hiring process in tech right now, so I'm working on two things:
1. Building market pricing intelligence software (basically manual scraping and data engineering, but I have plans to make it more sophisticated) to track prices of products in the market. I've got a couple of profitable no-risk ways to use this data, and it's started off nicely. And I think one day the tool will be worth a lot.
2. Working in my wife's gourmet packaged food business. It makes good money, and a large part of the business is waiting around for dehydrators or ovens to do their thing... so it means I have time to work on code while bringing in steady money.
I'm going to check out the fractional work/moonlighting job sites someone else posted as it might be a better way to more effectively make money to support my family while I build, but then again it's pretty satisfying working with my hands making food.
I quit my job in December to work on it full time. It doesn't pay the bills yet (current MRR $590/month), but it is slowly growing! Little bit of a race to see if I can pay my bills with it before I run out of runway.
Though, I have a course I've pre-sold during the recent work drought. These pre-sales have been paying the bills. So there's lots of pressure to deliver on them while still trying to line up freelance/consulting work.
I started doing this because I had big indie hacker dreams. Now I just think that I'm partially unemployable. What matters most to me is controlling my own destiny and Intellectual Property rights. Writing code is what fills me up, and It needs to be protected. Otherwise, I feel trapped, growing bitter and angry over time. So I'll keep doing this until I have more products.
My ultimate goal is to create a portfolio of products to pay the bills. I have no particular biased towards what. They could be courses, ebooks, or even games. 2023 was a special case in terms of cash flow (business cycle goes down), but I'm hopeful for the future, and my course sold decently well, so I think I'm getting the hang of this entrepreneurship thing.
I worked on the second product full time for about a year. It was profitable, but I never scaled the business up enough to make a living from it. I went back to work full time.
By this point, my appetite for hustling on the weekend to build a business in a market with limited growth potential had diminished. I focused on paying off my mortgage and saving money. After a few years, I had saved enough money to be able to cut back my hours and focus more on my hobbies and passion projects.
I've been working on my current startup Emurse full time since the end of 2020. I am covering costs with the revenue from my first startup and living off savings. We're getting ready to launch the first paid product soon.
In case it was because the "client" wanted a temp, but the contract lasted longer than what, IMO, was appropriate. I was early-career, and the "client" really wanted to treat me as an employee.
In the second case the employer had a limited budget and we agreed on contract-to-hire. 18 months went by and I eventually had to really twist their arm to bring me on full-time. (They were treating me like an employee.)
Anyway, contracting (as a self-employed consultant)'s great if you like that kind of thing and are prepared to incorporate to take advantage of tax laws; but if you want to be an employee, it's annoying.
First when I started I was doing subcontracting for larger companies but now I have few customers of my own and it works out fine. I can provide them better and quicker service then larger companies can and for some customers the man and a dog company suites very well and for some companies it doesn't.
I handle everything myself when it comes to business - creating content, being active on Linkedin for inbound leads, doing the bookkeeping, doing the monthly tax reports etc.
> Curious to know what sustains people.
It allows me to work on what I am interested in, for me that's the key. For whatever reason I've decided that text productivity apps are really interesting, and worth my time to build. So that's what I do. It hasn't lead to great riches, but I wake up pretty much every day excited to work on what's next. Pretty fun!
Now I find myself middling between looking for steady/normal work and trying to stand up my new project, https://getspence.ai (landing page gets a revamp this week). I never expected trying to find steady/normal work as an exited entrepreneur to be so difficult. There are so many square holes and I often feel like a round peg.
I build firewalls, deploy workstations, troubleshoot crapware like Quickbooks, setup/maintain domains, admin MS exchange/azure, build/run mail servers, virtualize things, fix hardware inc med & pharma equip (with son #3).
Lots of other things except web - which is done by my long-time friend/biz partner.
I've been employed on and off (mostly by clients) and prefer that but circumstances always intervened.
Pros: Flexible sched is plus to deal with family demands and endless crisis. Cons: Uninsured.
I tried to get funding but never really got there and we've just managed to grind it out to a point where we have enough revenue to pay ourselves.
The flexible lifestyle is great, I play golf on Wednesdays and help out with childcare much more than I would have been able to with my previous jobs.
There is the looming threat that all our customers will leave us one day and I'll have to go back to a regular 9-5 job, but hey ho.
Happy to answer any related questions.
Been doing it independently for almost 14 years now. Was based in Minnesota, but now I'm in Colorado. Wouldn't have it any other way.
It's amazing taking a full product from 0 to 1 with a small team, we're bootstrapped but have some revenue coming in now from very satisfied customers. I don't know if we'll ever raise money or have an exit, but I wouldn't trade the experience for the world.
Backstory: Not entirely planned, but I was talking with a company about potentially being a frontend architect or something along that line. As the conversations progressed, they said they couldn't hire me fulltime since I wasn't able to come in to the office daily but they could give me a long-term contract. I've been consulting ever since.
I work as a CTO in my day job (as an employee).
Also I'm self-employed (via a company structure) to build https://persumi.com - a blogging platform, and https://rizz.farm - a lead gen platform, as well as to work on client work.
What sustains me? I like to eat and have a roof over my head. Could I have made more money going a different route? Almost certainly. But, life is about tradeoffs.
Pays the bills and gives me enough free time.
Self-employment is definitely not for everyone, but I love the freedom and flexibility. It'd kill me to go back.
I'm fully bootstrapped and I have some months left of savings to try this out. If this doesn't get traction then I guess I'll have to get a "real" job again :).
Pretty standard bootstrap story - used consultancy to get us out the door. These days, we're (nearly) self sustained through license revenue, with a small amount of consulting (1-2 projects a year).
It's been a tough ride, and in hindsight, I wish I hadn't pivoted away from consulting quite as early as I had, however we've managed to stay alive, so - so far - independent, which has been nice.
I then founded a software services company where I currently work and grew it. It's been a very rewarding journey so far.
I'm not sure if either of these qualifies as "self employed" but that's that. :)
The twist is my wife is also helping run her family business and while the two companies bring in similar revenue every year, that's about all they have in common.
It's been pretty eye opening seeing how my father and my FIL operate their respective businesses.
For a summary, https://orib.dev/consulting.html
I'm just starting out with this, but it's looking promising.
My goal is to continue consulting while releasing my side project.
Next job is idea generation, prioritisation and mockups of ones that pass the initial filter. Then the real work starts.
For the rest of the week, I'm bootstrapping a language learning app.(https://vokabeln.io/)
I'm lucky enough not having to pay rent and also living expenses in Czechia are not that high.
I do love seeing threads like this though. All the fun tools & projects people build up.
As a hobby working on side projects (apps for apple ecosystem) and my main hobby - skydiving (it is expensive).
+1. Self-employed since 2006. Previously at Sophos.
>What do you do?
I'm a technical generalist, and it's slowly killing me. I need to specialise in…something.
>Curious to know what sustains people.
Fear of eviction & a broken anhedonic treadmill. Coming up to 20 years of that, there's a lot of damage to fix, frankly.
I am registered as corporation so I am my own employee and pay myself a salary
I do side gigs when the opportunity arises, but more often than not I don't have the time for anything but my main thing.
I still have the desire to create a great start up, but at least this way I can pay the bills and have more free time to work on start up ideas.
I'll likely be going back to it after being laid off last June and not being able to find the same level of pay.
I do advisory work and development too.
I run a small hardware product design firm and injection molding supplier right here in San Francisco.
Www.iancollmceachern.com Www.goldengatemolders.com
[0]https://www.zigpoll.com/blog/being-a-solopreneur-part-one
Just make sure that when you negotiate the rate you bump it up enough to account for self-employment tax, health insurance, and vacation time. The company would have to pay for these anyway for W-2s (self employment tax becomes payroll tax) so they shouldn't be opposed to the slightly higher rate to account for these things.
It's idiotic that W-2 cannot deduct these but it's reality.
As a bonus if you ever work overtime you actually get paid for your additional work. Another thing W-2s should get but don't.