Comments on: Making a Goal to Quit the Day Job http://www.ikollect.com/blog/making-a-goal-to-quit-the-day-job.htm Free Inventory Management for Collectors : the blog Wed, 10 Mar 2010 16:12:00 +0000 http://wordpress.org/?v=2.3 By: iKollect » Blog Archive » Making Enough Money to Quit the Day-Job: Part 1 http://www.ikollect.com/blog/making-a-goal-to-quit-the-day-job.htm#comment-147 iKollect » Blog Archive » Making Enough Money to Quit the Day-Job: Part 1 Tue, 11 Mar 2008 02:28:02 +0000 http://www.ikollect.com/blog/making-a-goal-to-quit-the-day-job.htm#comment-147 [...] I wrote my post about setting goals for quitting my day job, I’ve been working feverishly to increase my [...] […] I wrote my post about setting goals for quitting my day job, I’ve been working feverishly to increase my […]

]]> By: iKollect » Blog Archive » Lessons Learned from iKollect.com’s First Year http://www.ikollect.com/blog/making-a-goal-to-quit-the-day-job.htm#comment-111 iKollect » Blog Archive » Lessons Learned from iKollect.com’s First Year Wed, 13 Feb 2008 01:58:14 +0000 http://www.ikollect.com/blog/making-a-goal-to-quit-the-day-job.htm#comment-111 [...] hopes of meeting my goal of saying bye-bye to the day job by the end of the year, I’ve gone and set some crazy goals for myself lately. It’s all [...] […] hopes of meeting my goal of saying bye-bye to the day job by the end of the year, I’ve gone and set some crazy goals for myself lately. It’s all […]

]]> By: iKollect » Blog Archive http://www.ikollect.com/blog/making-a-goal-to-quit-the-day-job.htm#comment-106 iKollect » Blog Archive Tue, 22 Jan 2008 14:39:41 +0000 http://www.ikollect.com/blog/making-a-goal-to-quit-the-day-job.htm#comment-106 [...] see, before he came over to get his daughter, I had just posted an entry to my iKollect.com blog outlining my goal for the year.  In that entry, I explained my year end and [...] […] see, before he came over to get his daughter, I had just posted an entry to my iKollect.com blog outlining my goal for the year.  In that entry, I explained my year end and […]

]]> By: Chris http://www.ikollect.com/blog/making-a-goal-to-quit-the-day-job.htm#comment-84 Chris Fri, 11 Jan 2008 08:10:26 +0000 http://www.ikollect.com/blog/making-a-goal-to-quit-the-day-job.htm#comment-84 Hi TJ. Good post. I think it is a great goal to have and I hope you make it. I'll throw one idea out there. You said one of your guidelines was no consulting which I would possibly reconsider. I've been consulting and working on my uISV for a while now and its been working out as a nice transition from full time work to full time uISV. There are a few benefits to going the consulting route. I work out of my home and I can work on my uISV any time I need to (answer support questions, update the server, etc.) My contract is not for 40 hours a week so I guarantee myself time to work on the uISV during normal hours. Its not all nights and weekends. Another big issue for me is it allowed me to leave full time work before I had a full replacement income from my uISV. So you might want to consider consulting if you can find the right contract. As for your growth rate, its hard to tell. One thing I'd do is take a bottom-up model. Rather than picking an arbitrary % growth, think in terms of actual customers. To get 1 new customer, you will need X to visit your site. How many is X? How will you get X? Adwords? Word of Mouth? Conventions/Trade shows? What has your current growth rate been so far? Do you expect it to change? If so how/why? I don't really have answers just some wanted to throw out some thoughts I had. I wouldn't listen to to much I have to say since you are already doing a lot of things write to have a lot of happy customers. Good luck and I hope you make it. Chris Hi TJ. Good post. I think it is a great goal to have and I hope you make it. I’ll throw one idea out there. You said one of your guidelines was no consulting which I would possibly reconsider.

I’ve been consulting and working on my uISV for a while now and its been working out as a nice transition from full time work to full time uISV. There are a few benefits to going the consulting route. I work out of my home and I can work on my uISV any time I need to (answer support questions, update the server, etc.) My contract is not for 40 hours a week so I guarantee myself time to work on the uISV during normal hours. Its not all nights and weekends. Another big issue for me is it allowed me to leave full time work before I had a full replacement income from my uISV. So you might want to consider consulting if you can find the right contract.

As for your growth rate, its hard to tell. One thing I’d do is take a bottom-up model. Rather than picking an arbitrary % growth, think in terms of actual customers. To get 1 new customer, you will need X to visit your site. How many is X? How will you get X? Adwords? Word of Mouth? Conventions/Trade shows?

What has your current growth rate been so far? Do you expect it to change? If so how/why?

I don’t really have answers just some wanted to throw out some thoughts I had. I wouldn’t listen to to much I have to say since you are already doing a lot of things write to have a lot of happy customers. Good luck and I hope you make it.

Chris

]]> By: Jon Chase http://www.ikollect.com/blog/making-a-goal-to-quit-the-day-job.htm#comment-75 Jon Chase Thu, 10 Jan 2008 02:53:12 +0000 http://www.ikollect.com/blog/making-a-goal-to-quit-the-day-job.htm#comment-75 Awesome goal! I've been thinking about the same thing myself (although I don't have a nagging boss:)). You've definitely got a lot of work ahead of you, but it'll be worth it if you can pull it off (and even if you can't, you'll feel better about having taken on the challenge...and there's always next year). Does your wife have a full time job with benefits? I plan on making use of her medical benefits, etc if I'm able to quit my day job. Long time reader first time poster:D. Awesome goal! I’ve been thinking about the same thing myself (although I don’t have a nagging boss:)). You’ve definitely got a lot of work ahead of you, but it’ll be worth it if you can pull it off (and even if you can’t, you’ll feel better about having taken on the challenge…and there’s always next year).

Does your wife have a full time job with benefits? I plan on making use of her medical benefits, etc if I’m able to quit my day job.

Long time reader first time poster:D.

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