This happens to me all the time. I am a software engineer, but I have my own (mostly unrelated business) that already fills my schedule and my coffers.
I just say no. I give my friends as much advice as I can, but I won't do any other work. At some point, you get diminishing returns on the extra work you do. Life is short and you can't spend all of it getting richer.
Plenty of people have ideas, but not many of them have resources and skills to actually build even a lifestyle business. Just say no unless they are going to pay you enough to be worth the effort.
Like other posters I'd advice to say 'no'. I'm on the other end of the scale as I took such project knowing I'll have not enough time to work on it and now I regret making this decision. It's more difficult to drop it now that it's 'almost finished', and more importantly because of people I built it for. Sure, I got a % of venture, but any % of 0 is still 0.. I'd prefer to have clean mind over weekend and spend time with kids than worrying about stuff that needs to be done.
I just say "no". If I know of someone else who I think would be interested, I'll refer the person to them, otherwise I don't. I don't think this is a huge issue requiring a special tool to address.
This happens to me all the time. I am a software engineer, but I have my own (mostly unrelated business) that already fills my schedule and my coffers.
I just say no. I give my friends as much advice as I can, but I won't do any other work. At some point, you get diminishing returns on the extra work you do. Life is short and you can't spend all of it getting richer.
Plenty of people have ideas, but not many of them have resources and skills to actually build even a lifestyle business. Just say no unless they are going to pay you enough to be worth the effort.
Like other posters I'd advice to say 'no'. I'm on the other end of the scale as I took such project knowing I'll have not enough time to work on it and now I regret making this decision. It's more difficult to drop it now that it's 'almost finished', and more importantly because of people I built it for. Sure, I got a % of venture, but any % of 0 is still 0.. I'd prefer to have clean mind over weekend and spend time with kids than worrying about stuff that needs to be done.
I just say "no". If I know of someone else who I think would be interested, I'll refer the person to them, otherwise I don't. I don't think this is a huge issue requiring a special tool to address.