5min chapter

The Bootstrapped Founder cover image

162: Michele Hansen — Moving from Side Project to Full Time

The Bootstrapped Founder

CHAPTER

Don't Commit All Your Funds to Starting a Business

I think it's also a timing thing for many people, I particularly with software businesses. If you don't know what you're going to be doing and if it's going to be successful, don't waste your life savings on this six months runway of a dream that you have for a business. That kind of project seems to me in the long run to be the better way into building something valuable, meaningful that can actually sustain a life. The problems I'm dealing with now, you know, sales taxes, stock to compliance, figuring out how to be a good manager are almost luxury problems compared to the kind of problems we had in 2014 or 2015.

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