I'm getting more and more confidence in my own startup ideas. I'm learning quickly and applying new things fast. I'm quite confident that I can find paying customers for one of my projects in the coming 3 months. I have a gut feeling that I finally know all the key ingredients.
Just two months ago I moved to Amsterdam and joined two startups. I worked 75% and 25% of my daytime for them. I think it's great to work at two companies at the same time, but not if you also have your own projects. In the evenings I worked on my own stuff, so I was actually working on 5 or 6 things at the same time. It doesn't work. It was a bit too much.
Now I'm choosing what I call 'Lean Life'. The rules are simple:
- Just freelance, keep things lean, even if it's for a lower rate. Don't promise working somewhere longer than 3 months.
- Just take the best hourly rate, don't take shares
- Keep €5000 in the piggy bank for a buffer and emergencies
- Start searching for a project if I'm under €4000 and try to quit a.s.a.p. if i'm over €8000
- Live as cheaply as possible until I make enough MRR to live like a king: Spend no more than 1337 euro's a month
These rules ensure that I've got as much time as possible for my own projects, as soon as possible, and I can bootstrap them 100% without risk. Even if my startups fail, I can make ends meet. Living cheaply also gives me incentive to work harder, because it's not that comfortable. I can do this until I don't fail anymore.