Last week, I caught up with an old colleague over coffee. He has spent nearly 15 years at some of the most well-known product companies globally. He's been wanting to experiment with some consumer-facing ideas for a long time but hasn't been able to due to work, family, and other responsibilities. Now, he's determined to try at least one idea in 2025 but is unsure of the execution: 1️⃣ 𝗦𝗵𝗼𝘂𝗹𝗱 𝗵𝗲 𝗹𝗲𝗮𝘃𝗲 𝗵𝗶𝘀 𝗳𝘂𝗹𝗹-𝘁𝗶𝗺𝗲 𝗷𝗼𝗯 𝗮𝗻𝗱 𝗴𝗼 𝗮𝗹𝗹 𝗶𝗻? 2️⃣ 𝗦𝗵𝗼𝘂𝗹𝗱 𝗵𝗲 𝗸𝗲𝗲𝗽 𝗵𝗶𝘀 𝗷𝗼𝗯 𝗮𝗻𝗱 𝘄𝗼𝗿𝗸 𝗼𝗻 𝘁𝗵𝗲 𝘀𝘁𝗮𝗿𝘁𝘂𝗽 𝗽𝗮𝗿𝘁-𝘁𝗶𝗺𝗲? Being in a senior role, leaving the job comes with a high opportunity cost, especially with the current job market. If the startup fails, there's uncertainty about getting a similar role again. On the other hand, building a startup part-time is challenging—like riding two boats at once, which is inherently tough. We brainstormed both options—pros and cons—for a long time but couldn't reach a conclusion. I've never done a successful startup myself, so I wasn't sure which option is more fruitful. Both come with their risks and rewards. I've heard success and failure stories for both approaches, but I'm still not sure which execution model is right when balancing a full-time job. What are your thoughts on taking the 𝗹𝗲𝗮𝗽 𝘃𝘀. 𝗯𝗮𝗹𝗮𝗻𝗰𝗶𝗻𝗴 𝗯𝗼𝘁𝗵? I'd love to hear how others have approached this decision. Have you faced a similar crossroad? What factors helped you decide? Tag someone who might have valuable insights or share your own story below. #StartupJourney #BalancingAct #CareerDecisions #EntrepreneurshipStruggles #PartTimeStartup #CareerTransition #BusinessChallenges #SuccessMindset
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Product Manager | Founder in Stealth Mode | Driving 0-1 Innovation & Product Strategy for Global Expansion | Fueling Product-Led Growth
3wPratham Maliwad, this is such a relatable dilemma. I have previously tried working on startups part-time and in my case it did not work out. Now, I am giving it another go by going all in. Having said that, I’ve seen both approaches work, but it really comes down to the individual's risk tolerance and the level of support they have. If your colleague's startup idea has strong market validation and he can manage the financial risk, going all-in might accelerate his progress. However, keeping the full-time job can provide stability, and with a strategic plan and time management, it’s possible to work on the startup part-time. Sramana Mitra who founded One Million by One Million (1Mby1M) has some really great tips and insights on working on startup ideas part-time