Tech Industry Veteran Contemplates Shift to Entrepreneurship in Dehradun
An engineer with a decade-long tenure in the technology sector has recently divulged his contemplation of abandoning corporate life. Having spent the last few years in Dubai, the escalating instability within the industry has fostered a sense of unease.
He confided, “I’ve been seriously considering quitting corporate life, moving back to Dehradun (India), and starting something of my own.”
Current Professional Landscape
This engineer reveals that he is the proud owner of a debt-free home in Dehradun, complemented by savings and assets estimated between ₹50 and ₹60 lakh. Although he remains in stable employment and has not faced layoffs, he comes from a background devoid of entrepreneurial lineage.
Reasons for a Potential Exit
Corporate fatigue, after years entrenched in the tech realm, is a principal factor in his desire to leave. He cited the wave of global layoffs and the palpable anxiety surrounding job security, exacerbated by rapid technological advancements, including artificial intelligence.
Beyond mere job stability, he yearns for autonomy and the ability to govern his own time—eschewing the notion of waiting until his forties to enact profound life changes.
Additionally, familial ties impel him to return to Dehradun, allowing for a closer bond with loved ones and a deeper engagement in their lives.
“I’m not chasing ‘get rich quick.’ I’m aiming for a stable, sustainable life with agency, even if it’s less glamorous,” he remarked.
Concerns Regarding the Transition
Despite his aspirations, he harbors several fears. He is apprehensive about the possibility of failure and the depletion of his savings, underestimating the hurdles of establishing a consistent income while facing challenges in re-entering the corporate world at the same level. Above all, he grapples with the potential repercussions on his family stemming from this pivotal decision.
Self-Reflection: ‘Am I Being Naïve?’
The engineer candidly questioned the realism of replacing a tech salary with entrepreneurial revenue. He turned to Reddit for insights, probing whether ₹50 to ₹60 lakh would provide a feasible financial cushion for a family of three residing in a tier-2 city like Dehradun.
Furthermore, he sought guidance on viable business ventures in such locales, contemplating whether to initiate a project prior to resigning, and strategies for managing the transition amidst a demanding schedule.
Community Responses on Reddit
The community’s response was swift, filled with pragmatic and pointed advice. Numerous users recommended securing a remote tech position before relocating to India and pursuing a business endeavor on the side.
“Come to India, have a low-paying remote job with a good work environment, then start your business on the side,” was one suggestion.
Another user advised, To be true, there is no right answer. My suggestion is to find a remote tech job and move to India, and then try starting a business while working.
Since you already have 10+ years of experience, getting a remote job is not going to be hard if you are asking for a reasonable salary and not a Dubai-like salary.
One individual cautioned, “Your savings are too low. Even with a ₹2 crore liquid setup, I am struggling to come to terms with future inflation, expenses, etc. And let me tell you, I have a very basic life.”
Another commentary highlighted that ₹50-60 lakh is nothing with family expenses. Sorry to disappoint you, expenses pile up.
₹50 lakh looks like a significant amount, but in reality, once you spend 30-40% of the amount, all negative thoughts creep in; you will have to downgrade your lifestyle if you actually want to succeed in the initial days of business.
One user cautioned against the move, stating, “Coming back here would be a mistake. Tax alone would suck your hard-earned money, and you will get zero services in return.”
Source link: News18.com.
