Home business ideas for transition out of 9-5?
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@denis_mcgee said in Home business ideas for transition out of 9-5?:
Of course, it is better to choose an area, in which there are constant orders or customers who are looking for specialists to support existing projects. But specifically in the same web development, there is quite a strong competition, especially for beginners.
It's a developer's market. Companies can't find qualified people, it's hard to even get people to interview.
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@scottalanmiller said in Home business ideas for transition out of 9-5?:
@denis_mcgee said in Home business ideas for transition out of 9-5?:
Of course, it is better to choose an area, in which there are constant orders or customers who are looking for specialists to support existing projects. But specifically in the same web development, there is quite a strong competition, especially for beginners.
It's a developer's market. Companies can't find qualified people, it's hard to even get people to interview.
IT is getting to be like this too, now.
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This post is deleted! -
From the OP, I was going to post about the inherent risks of being an entrepreneur, but seems
this is not where the thread went... -
Been a while, would love more follow up. If only because things are slow, lol.
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@scottalanmiller said in Home business ideas for transition out of 9-5?:
Been a while, would love more follow up. If only because things are slow, lol.
/Sarcasm
The transition went well, left the desk jocky position for a much more horizontal one where the hourly rate is between $95-150 depending on services rendered. -
Is 41 to old to think about getting out of the 8:30 to 5:00?
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@hobbit666 said in Home business ideas for transition out of 9-5?:
Is 41 to old to think about getting out of the 8:30 to 5:00?
Probably, lol.
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I would say at any age, depending on one's facts and circumstances, you presumably could make the switch. Currently, during this economic environment, there are many opportunities for entrepreneurial pursuits. Because of the inherent risk of starting a business and complicated by current uncertainty, the SBA has many loan programs in the 7a series, which, if applied for before September 27, 2020 qualify for 6 months of tax free principle and interest paid by the SBA. https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/sba-debt-relief For example, if you took out a $500k 7a working capital loan, the SBA would basically give you a $33k tax free gift. Along with the SBA programs, there are also many other grant programs for small businesses out there.
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@Spiral said in Home business ideas for transition out of 9-5?:
I would say at any age, depending on one's facts and circumstances, you presumably could make the switch. Currently, during this economic environment, there are many opportunities for entrepreneurial pursuits. Because of the inherent risk of starting a business and complicated by current uncertainty, the SBA has many loan programs in the 7a series, which, if applied for before September 27, 2020 qualify for 6 months of tax free principle and interest paid by the SBA. https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/sba-debt-relief For example, if you took out a $500k 7a working capital loan, the SBA would basically give you a $33k tax free gift. Along with the SBA programs, there are also many other grant programs for small businesses out there.
Good info. Can be an excellent time to attempt starting a new business, for sure.
