November 10, 2017

“What if I get hit by a bus (and survive)?”

A long-time reader recently asked me if I thought all freelancers should be working on products to mitigate the inherent risk of being a company of one. (h/t MP!)

For example, what if you were injured or sick and couldn’t work for six months? What would happen to your business (and your life)?

My first thought was, “Well, that’s what disability insurance is for.”

But the question got me thinking. What ways can independent software professionals set up a diversified revenue stream that would continue with little or no intervention.

Here’s a list of suggestions based on things that I or my friends are actually selling:

Did I leave anything out? Hit reply and let me know what I forgot to include.