Hi guys,
I've worked for some time(few years) for my company. As time passed, the important tasks with new technologies started to be given to my colleague although I've asked several times for more challenging projects. I believe this could be because I asked a few times for a raise when I had more responsibilities for the projects and the boss might have been irritated.
Now, I feel my work is becoming boring, I don't evolve and the time is passing by. I was thinking I could ask for the rest of my vacation and then to retire and stay home and work for my personal project.
My wife has a job too that could maintain both for some time. However, I think the ideal option would be for us both to stay home and work for personal project since the project would evolve much faster with us both concentrating full time on it.
But with this option, there's the money issue.
We have some savings(about 20K) and I guess they could sustain us both for about an year. However, since we might need some money to invest in the project I'm not sure how much we could hold on(1 year was without project investments). It's our first project and I don't know how much money we need to get it started.
To launch the project we'll need to first build the specs(I guess about 3 months of work at least where it's all research and paper work) and then to pay for programmers to implement them.
So my question is, did you face a situation similar to this or what advice could you give me so I can continue achieve the best results?
Here is a comparison of my current choices:
continue to work for my company
Advantages:
- constant monthly income
- ok environment - the co-workers are friendly and the work schedule is flexible
Disadvantages:
- time passes by and the experience is not advancing
- I always do what my boss needs, not what I'd like to do
- my moral goes down as the time passes
work for my personal project full time
Advantages:
- learn many new things and have challenging experiences
- when time will be against me(aka 35-40 years old) and the employers will look for younger and with more time to spend for work employees, I'll have my own project to work for
- any success in the project would be a huge upgrade in my moral than to work for the boss where any success you have doesn't matter so much per total
Disadvantages:
- financial issues if the project will eat much money(I'm not that experienced in how much money a project could eat, so any suggestions are welcome)
- income comes after the project is launched, and it is not constant
- economic climate(is the current economic climate still ok to start your own project?)
I appreciate any insight on this matter because it's been haunting me and my wife for some time now and we really would like to take a decision.
Thanks for any help you can provide!