Idea for my business is quite simple: web gallery for wedding photographers. Here’s how it works:
- PhotographerÂ uploads photos after the wedding.
- Friends and relatives view photos. Some of them order reprints generating extra money for photographer.
- Photographer pays me a monthly fee.
How did I come up with this idea? I was looking for an idea for my own software product for a long a time. Then, in one of the books I read an interview withÂ Joel Spolsky where he recommended creating a niche product. As an example he suggested creating a photo manager specifically for wedding photographers instead of photo manager for everybody. And I thought to myself: heck, that’s not a bad idea, I’ll try to execute it.
Surely, there are other products that do the same thing. This doesn’t stop me. If my execution is at least half-good, I should get some clients. I’m aiming at creating a small Italian restaurant on the web, not a global chain of fast food franchises.
Hi, my name is Pavel and I want to quit my day job.
Where am I now
At the moment Iâ€™m working full time as software developer.
Where do I want to go
I have had an idea of starting my own business for quite some time. I decided to build my business on the side. Iâ€™m going to work on it part-time. My goal is to grow my business to the level where it could support me and my family. At that stage Iâ€™ll be able to quit my day job.
I have a lot of distance to cover. I need at least $5,000 per month to quit my day job:
- $1,900 â€“ home mortgage
- $2,000 â€“ living expenses (food, electricity, gas etc)
- $1,000 â€“ just in case (buffer)
Fortunately we donâ€™t have any credit card debt.
I definitely donâ€™t want to take any investments. I want to bootstrap my way up. My business should pay for itself.
I will post updates about my actions here, on this blog. Hopefully this will prevent somebody from making the same stupid mistakes as I do.
With this blog Iâ€™ll try to answer this question: â€œIs it possible to start home-based business on the side, without quitting day job?â€.