I’ve been a freelancer for 14 years and am currently starting a Software as a Service (SaaS) to supplement, and perhaps replace, my freelancing income.
I’m quite successful as a freelancer. By that I mean I earn enough to pay all the bills and save some extra, supporting my child and wife while our son is young and it’s easier if she does not return to work, all in an expensive area to live in. We’re not rolling in cash, but we’re not in the “just getting by” category so many of our friends are in.
So, why start something extra? Starting something new is going to be a distraction, I’ll have to turn away client work that could have filled that time.