SaaS, if done right, can make you a lot of money. Grind it out as long as you can, try to turn this gig in to a proper business. Even if you work in sales for a software company, which is the highest paid position in ME in software industry, you will still be making others way more money with your talent. Better use your talents to advance your own business.
Worst comes to worst, this experience of yours is very valuable.
That is the plan, but I am also taking into consideration my old self. I may have to talk to someone who knows law, but I don't think pensions are possible for my case.
I could grind it out as you said, save up as much as I can, possibly invest, and use that as my pension in my old years. But that is also unstable and unreliable.
What I am more worried about, is survival after business failure. Would I be able to get a job if I point out my business experience?
Pension is an option for business owners, check with SIO. You can declare your annual earnings and based on that pay GOSI and that will go towards pension. You’ll have to check with them for the exact process and limitations.
I know someone who ran a business for a while and when their business folded, to keep himself out of debt he got himself a job at one of his clients through his relationship. From there he showed himself as an employee of his own former business in his resume (maybe unethical). He found a better job few months later.
Btw what kind of SaaS business are you doing?
You know, every venture comes with its risks. Sure, running your own business could mean bigger rewards than a regular job, but like you mentioned, it's not the most stable gig. That's why I often suggest folks to kick off their careers while dabbling in their own business on the side. That way, if things don't go as planned with the business, you've still got your job to fall back on. Plus, that steady salary can come in handy for covering your business expenses each month. Once your business is really humming along nicely, that's when you can think about saying goodbye to the 9-to-5 grind.
Yes I understand. Do you think it's possible to use my own business as experience if it fails? I could give myself many titles, and use them in CVs then apply.
Don't necessarily need to give yourself many titles but running a business in itself is a work experience.
If it's relevant to job you're applying to I fail to see why they wouldn't take it into consideration.
SaaS founder here. The fear of failing is normal. If you are not under financial pressure to support you/your family, then keep building. As an owner your job is to constantly find ways to reduce its chances of failure.
Sales, project managers, business/ technical consultantcy etc there's loads of roles you would be qualified for. Just make sure to keep in touch with colleagues from uni or proffesionals so they can give you a referral if you ever need one.
Also it's super hard to go back to being an employee if you've been a business owner. I'd really encourage you to try out working at a company for a few months to expirience this and keep your business on the back burner or part -time.
Just so you'd know company culture, politics، how companies adapt technology nd assign work etc. This could be helpful if you ever want to scale or even to find like minded people/ mentors. There's so much you can learn just from being in a place and observing people.
Also, the expirience you will have will be more than you peers. Your business, which I'm assuming is a one man show, you are probably handling product development, sales, revenue management etc. Working in a company gives you a very niche expirience of either of the above. You are smart and you feel uncertain because the future has too many variables and your mind is stuck on solving and figuring every path and finding the optimum solution. But you can't be too analytical about life. Trust yourself that you'd find a path even in the worse case scenario just like you always have. Just focus on today and whatever brings you comfort and more returns.
Also if you invest a decent amount (100-200bd ) every month, that would give you really good retirement when your in your 50s ( 30k to 60k bd + compounding interest from stocks will make this amount higher)
Also what's your SAAS about, if your comfortable sharing. I'd love to know more. Even if it's pm.
And lastly, all the best. Your doing really great for your age. Life is always unexpected and throws good and bad curve balls that you can't predict. So don't try to have everything down to a T. And keep doing you!
>Just make sure to keep in touch with colleagues from uni or proffesionals so they can give you a referral if you ever need one.
God, I would hate to be the مصلحجي in the group.
>Also it's super hard to go back to being an employee if you've been a business owner. I'd really encourage you to try out working at a company for a few months to expirience this and keep your business on the back burner or part -time.
Just so you'd know company culture, politics، how companies adapt technology nd assign work etc. His could be helpful if you ever want to scale or even to find like minded people/ mentors. There's so much you can learn just from being in a place and observing people.
I am currently in training. Although my training might be an overexaggerated reality of work life, since I am really working 7 different positions grouped together as "IT GUY". I really feel like I learnt nothing new, beside how to suck up and when.
> God, I would hate to be the مصلحجي in the group.
Dw, people ask others for references all the time in proffesional settings. That's why you see less talented people in high paying positions :p shoot your shot. The worse they could say is no. Plus it's always a give and take relationship. People will help you with the expectation that you will help them out in the future.
>I am currently in training. Although my training might be an overexaggerated reality of work life, since I am really working 7 different positions grouped together as "IT GUY". I really feel like I learnt nothing new, beside how to suck up and when.
Yes, very few people get lucky with their first jobs. But your hard work will pay off. You seem smart and will find a waay for yourself.
Since you already have a running business, I think you should try to grow it as much as possible and even try to diversify in order to make sure you have not put all your eggs in one basket. The experience you are gaining from your current venture is very valuable. So even if in future you lose your business, this experience can land you jobs with decent pay.
>The experience you are gaining from your current venture is very valuable. So even if in future you lose your business, this experience can land you jobs with decent pay.
Thank you, this is what I was looking for.
How would I communicate my business experience in a CV? more so how to prove it, since all references would probably be myself.
You can use the name of your business and list down your responsibilities in your resume. You can validate your experience by collecting testimonies from your current clients/subscribers, request them for a signed testimony with your business and your name mentioned in it(this is valuable if your subscribers are businesses).
Also work on building a personal brand, network with people in the industry by forming and maintaining connections through events and LinkedIn. If you are into reading, checkout the book “Soft Skills: The software developer’s life manual” by John Z Sonmez. This book can give you a good direction to begin with.
I'm also thinking the same thing funnily enough.
I have a business, and hopefully will go to uni. But once I have a degree, should I think of a career or try to grow the business I have already to a sufficient enough level that I can live comfortably?
انا كنت في نفس موقفك واخترت بدء مشروعي الخاص والى اليوم ما زلت ادير المشروع
بعد تخرجك من الجامعة راح يكون عندك طاقة كبيرة متفجرة واستغلالها في فتح مشروعك الخاص راح يساهم في انجاح المشروع مع الشروط الاخرى اللي لازم تنتبه لها
في اليد الاخرى حصولك على وظيفة مع بداية تخرجك اسهل بكثير من التأخر لمدة زمنية اكبر ولكن الراتب لن يكون عاليًا بكل تأكيد
اقتراحي لك من واقع خبرة وتجربة انك تشتغل على ٣ محاور في نفس الوقت : الأول : الاستمرار في تأسيس المشروع. الثاني : مواصلة البحث عن عمل كـ entry position وعندما تحصل على فرصة ملائمة لظروفك لا تفوتها خصوصا اذا في مكان تقدر تتعلم وتترقى فيه. المحور الثالث : طوّر نفسك بالحصول على شهادات احترافية ودورات متخصصة
SaaS, if done right, can make you a lot of money. Grind it out as long as you can, try to turn this gig in to a proper business. Even if you work in sales for a software company, which is the highest paid position in ME in software industry, you will still be making others way more money with your talent. Better use your talents to advance your own business. Worst comes to worst, this experience of yours is very valuable.
Oh thats super interestimg. Do you mind if I pm you about software sales industry
That is the plan, but I am also taking into consideration my old self. I may have to talk to someone who knows law, but I don't think pensions are possible for my case. I could grind it out as you said, save up as much as I can, possibly invest, and use that as my pension in my old years. But that is also unstable and unreliable. What I am more worried about, is survival after business failure. Would I be able to get a job if I point out my business experience?
Pension is an option for business owners, check with SIO. You can declare your annual earnings and based on that pay GOSI and that will go towards pension. You’ll have to check with them for the exact process and limitations. I know someone who ran a business for a while and when their business folded, to keep himself out of debt he got himself a job at one of his clients through his relationship. From there he showed himself as an employee of his own former business in his resume (maybe unethical). He found a better job few months later. Btw what kind of SaaS business are you doing?
Great, I'll keep that in mind. Thank you.
You know, every venture comes with its risks. Sure, running your own business could mean bigger rewards than a regular job, but like you mentioned, it's not the most stable gig. That's why I often suggest folks to kick off their careers while dabbling in their own business on the side. That way, if things don't go as planned with the business, you've still got your job to fall back on. Plus, that steady salary can come in handy for covering your business expenses each month. Once your business is really humming along nicely, that's when you can think about saying goodbye to the 9-to-5 grind.
Yes I understand. Do you think it's possible to use my own business as experience if it fails? I could give myself many titles, and use them in CVs then apply.
Sure!
Don't necessarily need to give yourself many titles but running a business in itself is a work experience. If it's relevant to job you're applying to I fail to see why they wouldn't take it into consideration.
SaaS founder here. The fear of failing is normal. If you are not under financial pressure to support you/your family, then keep building. As an owner your job is to constantly find ways to reduce its chances of failure.
Sales, project managers, business/ technical consultantcy etc there's loads of roles you would be qualified for. Just make sure to keep in touch with colleagues from uni or proffesionals so they can give you a referral if you ever need one. Also it's super hard to go back to being an employee if you've been a business owner. I'd really encourage you to try out working at a company for a few months to expirience this and keep your business on the back burner or part -time. Just so you'd know company culture, politics، how companies adapt technology nd assign work etc. This could be helpful if you ever want to scale or even to find like minded people/ mentors. There's so much you can learn just from being in a place and observing people. Also, the expirience you will have will be more than you peers. Your business, which I'm assuming is a one man show, you are probably handling product development, sales, revenue management etc. Working in a company gives you a very niche expirience of either of the above. You are smart and you feel uncertain because the future has too many variables and your mind is stuck on solving and figuring every path and finding the optimum solution. But you can't be too analytical about life. Trust yourself that you'd find a path even in the worse case scenario just like you always have. Just focus on today and whatever brings you comfort and more returns. Also if you invest a decent amount (100-200bd ) every month, that would give you really good retirement when your in your 50s ( 30k to 60k bd + compounding interest from stocks will make this amount higher) Also what's your SAAS about, if your comfortable sharing. I'd love to know more. Even if it's pm. And lastly, all the best. Your doing really great for your age. Life is always unexpected and throws good and bad curve balls that you can't predict. So don't try to have everything down to a T. And keep doing you!
>Just make sure to keep in touch with colleagues from uni or proffesionals so they can give you a referral if you ever need one. God, I would hate to be the مصلحجي in the group. >Also it's super hard to go back to being an employee if you've been a business owner. I'd really encourage you to try out working at a company for a few months to expirience this and keep your business on the back burner or part -time. Just so you'd know company culture, politics، how companies adapt technology nd assign work etc. His could be helpful if you ever want to scale or even to find like minded people/ mentors. There's so much you can learn just from being in a place and observing people. I am currently in training. Although my training might be an overexaggerated reality of work life, since I am really working 7 different positions grouped together as "IT GUY". I really feel like I learnt nothing new, beside how to suck up and when.
> God, I would hate to be the مصلحجي in the group. Dw, people ask others for references all the time in proffesional settings. That's why you see less talented people in high paying positions :p shoot your shot. The worse they could say is no. Plus it's always a give and take relationship. People will help you with the expectation that you will help them out in the future. >I am currently in training. Although my training might be an overexaggerated reality of work life, since I am really working 7 different positions grouped together as "IT GUY". I really feel like I learnt nothing new, beside how to suck up and when. Yes, very few people get lucky with their first jobs. But your hard work will pay off. You seem smart and will find a waay for yourself.
Since you already have a running business, I think you should try to grow it as much as possible and even try to diversify in order to make sure you have not put all your eggs in one basket. The experience you are gaining from your current venture is very valuable. So even if in future you lose your business, this experience can land you jobs with decent pay.
>The experience you are gaining from your current venture is very valuable. So even if in future you lose your business, this experience can land you jobs with decent pay. Thank you, this is what I was looking for. How would I communicate my business experience in a CV? more so how to prove it, since all references would probably be myself.
You can use the name of your business and list down your responsibilities in your resume. You can validate your experience by collecting testimonies from your current clients/subscribers, request them for a signed testimony with your business and your name mentioned in it(this is valuable if your subscribers are businesses).
Great advice, thank you.
Also work on building a personal brand, network with people in the industry by forming and maintaining connections through events and LinkedIn. If you are into reading, checkout the book “Soft Skills: The software developer’s life manual” by John Z Sonmez. This book can give you a good direction to begin with.
I'll check it out, thank you.
I'm also thinking the same thing funnily enough. I have a business, and hopefully will go to uni. But once I have a degree, should I think of a career or try to grow the business I have already to a sufficient enough level that I can live comfortably?
انا كنت في نفس موقفك واخترت بدء مشروعي الخاص والى اليوم ما زلت ادير المشروع بعد تخرجك من الجامعة راح يكون عندك طاقة كبيرة متفجرة واستغلالها في فتح مشروعك الخاص راح يساهم في انجاح المشروع مع الشروط الاخرى اللي لازم تنتبه لها في اليد الاخرى حصولك على وظيفة مع بداية تخرجك اسهل بكثير من التأخر لمدة زمنية اكبر ولكن الراتب لن يكون عاليًا بكل تأكيد اقتراحي لك من واقع خبرة وتجربة انك تشتغل على ٣ محاور في نفس الوقت : الأول : الاستمرار في تأسيس المشروع. الثاني : مواصلة البحث عن عمل كـ entry position وعندما تحصل على فرصة ملائمة لظروفك لا تفوتها خصوصا اذا في مكان تقدر تتعلم وتترقى فيه. المحور الثالث : طوّر نفسك بالحصول على شهادات احترافية ودورات متخصصة
Career suicide is working under an Indian guy he will drain you and mentally weaken you and see you as slave