It is sort of an oxymoron but it I've managed to get it working for me. My day job is as an ETL developer specialising in building data warehouses (usually Oracle) for the purposes of MI. I run my own company and contract for large multinationals mainly in the financial sector in the City of London and usually on 6 month contracts. I don't get a lot out of the job except the cash so I've always developed other things on the side
I started building apps that scratch my own itches about 6 years ago. Sometimes I'd develop myself and sometimes using external help sometime a combination of both. I don't spend a lot on luxuries and so the income I make in my day job has allowed me to roll the dice with a few larger ideas in the past but nothing really took off.
As soon as the light went on about this idea I wanted to do it right and put aside a certain amount of money to get it where it is today - I know enough to make me dangerous but wanted a proper job done so outside help was essential and I had built up a certain amount of cash since my last project. I don't have limitless resources but by my calculations I have enough to continue the push until it starts making money with some contingency, development continues full speed.
What was your motivation for getting it done right from the start, rather than bootstrapping it yourself first for proof of concept/profitability? time constraints?
Obviously you have made some assumptions as to how long profitability will take - something I presume only comes with experience.
Not to over step my mark, but what magnitude of savings is needed to fund this sort of development? I ask this as I have recently started work on my own project, and am curious if my savings are even ballpark to consider outsourcing it.
It is sort of an oxymoron but it I've managed to get it working for me. My day job is as an ETL developer specialising in building data warehouses (usually Oracle) for the purposes of MI. I run my own company and contract for large multinationals mainly in the financial sector in the City of London and usually on 6 month contracts. I don't get a lot out of the job except the cash so I've always developed other things on the side
I started building apps that scratch my own itches about 6 years ago. Sometimes I'd develop myself and sometimes using external help sometime a combination of both. I don't spend a lot on luxuries and so the income I make in my day job has allowed me to roll the dice with a few larger ideas in the past but nothing really took off.
As soon as the light went on about this idea I wanted to do it right and put aside a certain amount of money to get it where it is today - I know enough to make me dangerous but wanted a proper job done so outside help was essential and I had built up a certain amount of cash since my last project. I don't have limitless resources but by my calculations I have enough to continue the push until it starts making money with some contingency, development continues full speed.
Let me know if you would like to know any more.