As someone else with a SaaS side business of around the same age, it gets painful around then: You have to make tough decisions and the early fun is gone. Plus keeping up with new and existing customers can make it feel like you're not really steering the ship anymore but being tossed around by the storm.
I understand James's desire to step back, though MIT is an interesting choice since now anyone can do anything with it, including selling it.
What did you end up doing with your SaaS business?
Went full time in 2020! Immediately took an 80% pay cut, but I spend 0 hours in bullshit meetings and no longer have to play the corporate employment game.
Was hoping for that answer. Good for you! I've been weighing when to take the plunge myself. I can't support my family with what mine is making on the side right now (10% of my day job salary), though I know if I were full time on it I'd be seeing more return. Just feels like a high dive into a small pool and I'm trying to suss out the right moment. Any tips/lessons learned?
Double down on anything that has worked to attract new customers. Ask yourself if there was a gun to your head and you HAD to 10x in a year what would you do. Get to a point where it covers your lifestyle and make the leap.
I understand James's desire to step back, though MIT is an interesting choice since now anyone can do anything with it, including selling it.
What did you end up doing with your SaaS business?