I’ve been working in this industry for a long time – over thirty years. For most of that time, I’ve been working as a freelancer, but it’s always been working for someone else. When I set up Magnum Solutions (my freelancing company) in 1995 I always had a vague desire to grow it into a company that wasn’t just me selling my time and skills to other companies. But I’ve never really known how I wanted to do that.
On the other hand, I’ve spent a lot of those thirty years building web sites in my spare time. Whether it’s my (now, long defunct) BBC Streams project or current sites like Line of Succession or TwittElection, there’s always something that I’m tinkering with. Some of them get some small level of popularity. None of them has ever made me enough money that I could consider giving up the freelancer life in order to spend more time on one of these projects.
This year has been slightly different. This was the year that the market for Perl freelancers in London finally hit the level at which I decided to take a permanent job. So I’ve been working for Equals (formerly FairFX) as a senior developer since February. But even that didn’t feel quite right. It felt a bit like a step backwards to go back to being an employee.
And then, while on holiday a month ago, something crystalised for me during a conversation with a friend. She asked how I’d really like to spend my time and I replied that I’d like to take time off from working nine to five and spent it trying to turn one or more of my side-projects into a real business. She asked what was stopping me from doing that and I replied that I didn’t have enough money. She laughed and asked me what the money in the ISA that I’ve been paying into on and off for the last decade was for. I’d always vaguely assumed it was for “the future” (whatever that means) but I realised that she was right. There was no reason at all why I shouldn’t use some of that money to support myself while I took time off work to do what I really wanted.
So that’s what I’m going to do. I’ve given notice at Equals and I’m leaving just before Christmas. And for the first six months of 2020, I’ll be living off my savings while I try to find some way to make a living from the various business ideas I’ve been doing almost nothing with for the last thirty years.
I’m going to be structured about it. I plan to try six things for a month each. I have an idea what the first two or three things will be but I hope you’ll forgive me if I don’t go into any detail right now. I do want to be very open about what I’m doing while I’m doing it – I’ve set up a new web site at davecross.co.uk and I’ll be writing about my projects there. Hey, even if nothing takes off, perhaps there’s a book in the reports of all my failures.
At the end of June, I’ll take stock and decide whether it’s worth continuing the experiment.
And that’s what I’m calling my “2020 Vision”. Because bad puns are the basis of good marketing – or something like that.
Good for you. Look forward to reading all about it. Best of luck.
Hey Dave
How exciting. It’s a brave and bold step and I hope it will be a great one for you. Different industry but have faced similar crossroads (and certainly facing similar life stage!) so I’ll sign up to follow your progress from afar and look forward to reading all about it! All the best. Mary
Reminds me a little of the 4-hour-work-week mantra, don’t wait until you’re too old, before you retire and do the things you really want to do. Take mini-retirements regularly and see where they take you.
I did the same about 8 years ago, quit the day job, lived on savings, and focused on some “side projects” for 6 months. Then a dream job came along (doing what I was doing on the side, but being paid handsomely for it, so a no-brainer). 3 years later, did the same thing, and now have a few decent projects paying the bills and affording the lifestyle I want.
Will be interesting to hear what your projects turn out to be.
Excellent plan, Dave. More power to your elbow. No time like the present. And other suitable aphorisms…