Fredrik Wahrman

10 Reasons why it sucks having your own company

by edi on Nov.15, 2010, under Personal

TicBits LtdIt’s been a bit over a half year now since¬†TicBits Ltd was founded and I thought I’d share some thoughts on how it’s been, switching from a steady paycheck to a more uncertain future. I thought that it’d be best to get the negative things over with so I’ll publish them now and tomorrow publish the positive things.

The 10 worst things that I’ve noticed so far, in no particular order:

  1. It’s really hard to “steal” office supplies when you already own everything in the company.
  2. Long washroom breaks can no longer be considered as beating the system.
  3. Hard to bitch about management, at least behind their backs.
  4. I can no longer relate to Dilbert.
  5. Since our company doesn’t have a large enough budget we’ve been unable to hire consultants to tell us what our company values should be. It makes me feel lost and incomplete.
  6. Now that I don’t get an annual development discussion I won’t be able to develop my skills anymore. (A raise might also be hard to come by as I have a feeling that performance reviews are also out of the question)
  7. No more pointless meetings means no more time to hone up on my iPhone gaming skills.
  8. No more “fun” and “interesting” company Xmas gifts, bye bye food baskets, scarves and wine bottles, you will be missed.
  9. There’s no longer development cycles where most projects are missing specs. Instead it’s now more consistent with all projects missing specs.
  10. Hmm, I can’t think of anything else, so I guess there’s only 9 bad things. But anyway, don’t say you haven’t been warned of the horrors of having your own company!

Update: The second part has now been published 10 Reasons why it kicks ass to have your own company

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1 Comment for this entry

  • Piotr Krzyzek

    Good and fun points. Though there are more reasons owning your own company kinda sucks (and it good at the same time).

    For one, you really have to manage yourself. There is NO ONE who is going to stand above you and tell you that project XYZ has to be in my Tuesday and don’t forget the TPS reports … You have to do that all by yourself and make all the decisions yourself.

    Though it’s all worth it :)

    –PK

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