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The problem here is the dilemma when to go full-time. Its always a tough call. Compared to a side-project building up a scalable business model is a different ball game altogether. So brace for that once you go full time everything changes and without going fulltime you'll probably reach nowhere

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What's a good filter for knowing when to go full-time? Covering your monthly expenses?

I have a consulting business that pays me handsomely. But I also have a side business that has paid for my monthly expenses the last 3-4 months. Would that be a good metric to jump ship from consulting and go full-time with the side hustle?

Yeah, that sounds fair. But there is a small caveat here thou. The income from side projects are so volatile, sometimes you can't predict on them. You can only make them stable if you invest enough time on it and study the usage pattern. And most of the time you'll have to get on full time to get those metrics. So we will get back to that chicken and egg problem again

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