| TL;DR summary: Watch the burn rate on your money - bail out or adjust before to late. Reboot - do anything to get a foot on job market again. Almost the same here. Quitted a well paid job, sold my flat giving enough money to live on for a couple of years, moved together with girlfriend starting a webshop and loose plans on freelancing as IT-consultant too. Webshop not taking off and I neglect to pursue consultants job, thus not keeping myself "warm" in the market. One year later I form a start-up with 2 other guys. 5 months down the road I realize this is not going fast enough - I'm seriously running out of money, about to sell all I own, which only will pay bills for another 2-3 months. Miraculous, through a friend, I get a break on a consultant gig for 2 months. Another stroke of luck (and marketing myself) this is followed by another gig for 5 months in a new company and the consultant path now on track with a third gig. The two co-founders took it were badly I jumped ship, as I were the only techguy, although we had outlined the consequences if doing so (no share of company/product) if leaving within first year. Lesson learned: Do your math, look at $ burnrate. If you go "all in" you might risk "go all out" if you keep going to long. If co-starting something with others be very clear on terms for quitting, and be sure it's ok to do so. Scary experience loosing almost everything ....
Webshop now very slowly getting tracktion - but still not earning "real money" to live by. Still got some startup ideas, but will be outsourced or groomed as side projects Best of luck to you. Endure the next period, focus to get a foothold in jobmarket again. |