How much do you value your time when working on your startup? Let's say you can be earning $10k/month as a full-time software developer. But instead, you quit your day job and spend all your time working on your startup. And you do all kinds of stuff: from marketing to finances to programming, etc.
Does it mean you put these $10k/month in your startup? Meaning you could be earning your salary on a job, but you quit, so it means you invest this cost of opportunity in your startup.
Let's look at this from another perspective.
Let's say you don't quit your job and keep working full-time and spend these $10k(or whatever your salary is) on hiring a bunch of cheap overseas employees(but still high quality) and let them work on your startup. And you spend 1-2 hours a day coordinating the team.
Will the project move faster? Will the ROI of money/time spent be higher in this case?
Honestly, I've tried both ways and still don't have a strong stance on this.
I would say: "it depends." It depends on the project itself, whether the team can drive it on autopilot, and how much of your involvement is needed to move with a reasonable speed. And how much of the project work requires your unique expertise.
What would you choose for your startup?
- Keep working on your day job and invest your salary into hiring a team and spend 1-2 hours a day coordinating the project?
- Or quit your day job and work on the startup by yourself?
- Other option?