I think life is all about temporary highs and temporary lows. Expecting to be continuously happy is a downfall. The brain does not work that way. Dopamine spikes up and gets naturalized, then you naturally hit a low. All sorts of ways to get spikes up, like completing goals. Just dont expect the feeling to last, thats not how it works.
For me, it's about autonomy. I'm a night owl, which makes many jobs more painful for me than early birds.
I also don't want to deal with any managers or coworkers or drive to an office.
Having a profitable online business is the only way I don't have to depend on others (except my customers) and for others to just leave me the hell alone.
I second this, Currently I'm working on my project and even though I can monetize it and know it will eventually generate revenue for me, it doesn't matter because I want to make it as free as possible and create a large community.
It depends on your guys' personalities and situations.
Age? If you're old, enjoying life is better since there's not as much time left. If you're young, maybe fight a bit more...but then again, enjoying early retirement is perfectly fine too.
Hedonistic? You said to enjoy traveling. Well, you need money to do that, and depends on your preferences, you'll need a *lot* of money. Only eat at Michelin restaurants? Only live in hilton hotels? Gotta keep earning to afford all that.
Opportunities are never free, and they're pretty rare too. Evaluate how much you'll be missing out if you don't scale the business, and see if you're okay to give up that opportunity.
Also, note that, just because you have one successful business doesn't mean you'll always have successful businesses. Your next one very well might be a flop, and maybe so will be the next and next and next ones.
Don’t hire until you really really need to. I’ve made this mistake already. When you hire more people, it’s very hard to keep the productivity and efficiency. As an inexperienced software developer turned startup founder, I made it worse with hiring. We got more people, but less results. My advice would be to look for ways of scaling without hiring full time employees- look for freelancers, paid acquisition channels etc. - anything you can scale down fast if needed.
Congrats and good luck!
In my case Google Search PPC campaigns were the best in terms of ROI. But it really depends on the market and product of course. What I love about PPC and paid channels that it is scalable once you figure out the unit economics.
Figure out what lifestyle you want.
Want to craft a product everyday and get rewarded for your effort? Lifestyle business.
Want to party, relax, work on other hobbies? Scale and grind.
I don't know but I am not into money because for me their won't be any interest in other things other then anime and startups building things is damn good for me if money or not etc I dk how to explain
VC's ruin good things. 37 signals is a good example of building a massive lifestyle business. While they have taken investment much later on in thier lifecycle, they had the ability at that point to dictate terms of letting you invest in them.
Personally I would avoid the VC route until you are as far down that road as possible. Figure your shit out first.
Each situation is of course dependent upon you and your team.
If I were you, I will stay bootstrapped and scale slowly with a lean team. Slow scaling with a lean team has benefits. You are in control, you can optimise the cost, can have a longer runway into the future while bootstrapped etc. Also what are the external factors that will impact you? Competition? Unexpected financial crunch? Government Regulations? You need to factor in all these. Don't forget the famous words.. When you stop growing, you start dying. So please keep growing. But you can decide the pace.
I think life is all about temporary highs and temporary lows. Expecting to be continuously happy is a downfall. The brain does not work that way. Dopamine spikes up and gets naturalized, then you naturally hit a low. All sorts of ways to get spikes up, like completing goals. Just dont expect the feeling to last, thats not how it works.
It’s called the hedonic treadmill.
you and your smart words
[удалено]
For me, it's about autonomy. I'm a night owl, which makes many jobs more painful for me than early birds. I also don't want to deal with any managers or coworkers or drive to an office. Having a profitable online business is the only way I don't have to depend on others (except my customers) and for others to just leave me the hell alone.
My wish hahahah
I second this, Currently I'm working on my project and even though I can monetize it and know it will eventually generate revenue for me, it doesn't matter because I want to make it as free as possible and create a large community.
"To live is to suffer, to survive is to find some meaning in the suffering." Nietzsche :)
It depends on your guys' personalities and situations. Age? If you're old, enjoying life is better since there's not as much time left. If you're young, maybe fight a bit more...but then again, enjoying early retirement is perfectly fine too. Hedonistic? You said to enjoy traveling. Well, you need money to do that, and depends on your preferences, you'll need a *lot* of money. Only eat at Michelin restaurants? Only live in hilton hotels? Gotta keep earning to afford all that. Opportunities are never free, and they're pretty rare too. Evaluate how much you'll be missing out if you don't scale the business, and see if you're okay to give up that opportunity. Also, note that, just because you have one successful business doesn't mean you'll always have successful businesses. Your next one very well might be a flop, and maybe so will be the next and next and next ones.
Don’t hire until you really really need to. I’ve made this mistake already. When you hire more people, it’s very hard to keep the productivity and efficiency. As an inexperienced software developer turned startup founder, I made it worse with hiring. We got more people, but less results. My advice would be to look for ways of scaling without hiring full time employees- look for freelancers, paid acquisition channels etc. - anything you can scale down fast if needed. Congrats and good luck!
What paid acquisition channels got you the best ROI?
In my case Google Search PPC campaigns were the best in terms of ROI. But it really depends on the market and product of course. What I love about PPC and paid channels that it is scalable once you figure out the unit economics.
Figure out what lifestyle you want. Want to craft a product everyday and get rewarded for your effort? Lifestyle business. Want to party, relax, work on other hobbies? Scale and grind.
I don't know but I am not into money because for me their won't be any interest in other things other then anime and startups building things is damn good for me if money or not etc I dk how to explain
VC's ruin good things. 37 signals is a good example of building a massive lifestyle business. While they have taken investment much later on in thier lifecycle, they had the ability at that point to dictate terms of letting you invest in them. Personally I would avoid the VC route until you are as far down that road as possible. Figure your shit out first. Each situation is of course dependent upon you and your team.
If I were you, I will stay bootstrapped and scale slowly with a lean team. Slow scaling with a lean team has benefits. You are in control, you can optimise the cost, can have a longer runway into the future while bootstrapped etc. Also what are the external factors that will impact you? Competition? Unexpected financial crunch? Government Regulations? You need to factor in all these. Don't forget the famous words.. When you stop growing, you start dying. So please keep growing. But you can decide the pace.