How do you motivate yourself in the late afternoons and evenings to work on your own entrepreneurial business, even after you had a mentally exhausting day at your full-time job?
I am in this exact situation and seek advice from others who are in the same boat.
What are the most common mistakes first time entrepreneurs make?
nft's are confusing and dumb imo. selling digital art basically... like you own a png image of a frog
part of entrepreneurship is creating something that solves a problem. if so, what problem does an nft solve? wanting to own something digitally to show off?
From when you were nothing or working 9-5 to become an entrepreneur making banks.
On Nov 26, my wife and I saw a football-field-size unidentified object just above the treeline in the cul-de-sac of the street my parents live on. If anyone is interested in what I saw, this is a report:
https://www.nuforc.org/webreports/reports/165/S165869.html
After writing that report, I found a video someone else in the same city, on the same night, had taken of the same object:
https://www.youtube.com/watch?v=P8M7M3RfmI8
While this is the same object that I saw I think it is very high up in this video. When I saw it it was (as I mentioned) just above the tree line and about the size of a football field, it blocked out most of the sky above my SUV. (1)
Basically, I had little awareness of this field till the famed 2017 NY Times article (Glowing Auras and ‘Black Money’: The Pentagon’s Mysterious U.F.O. Program (Published 2017)) and even since then had only a cursory/passing understanding/interest in the field of unidentified aerial phenomenon (UAP).
But my wife and I had an incredible sighting and it really impacted what I want to do with my life. I’ve been reading about the field voraciously in the last six or seven weeks. Now I’m trying to figure out how I could shift into a career field working to advance our understanding of the phenomenon. I would like to support myself and my family with this new career.
MY PROFESSIONAL PAST.
Professionally, in the last decade, I have been operating and growing a China-focused group travel company. Prior to the pandemic, I had built the organization up to a team of twenty staff. However, now I am not able to operate the business as China has a zero-Covid policy and is not issuing tourist visas (plus there is a 14-day mandatory quarantine period for anyone entering the country). This policy is going to be in effect for at least another year or two, from what I hear, so I am actively researching other career avenues --- it’s an interesting coincidence that I had this experience at this point.
Before starting my company, for seven years, I worked in two small venture funds, investing in consumer products, internet, medical device, and healthcare-related new ventures.
POSSIBLE PROFESSIONAL FUTURES?
My goal is to really find some line of work where I can help to advance our understanding of the unidentified aerial
... keep reading on reddit ➡Just like the title says. Entrepreneurs and investors don't see the world in the same way. Investors generally think either in terms of short or long term investments, or safe vs risky investments. It's all about "putting the money to work" for them.
Entrepreneurs fundamentally don't overly focus about what their money can do for them. Rather they think about what they can do with money and how they can put themselves to work. (which may involve using money)
To put it another way, ask an investor why they do what they do, and you'll generally get some variation of a discussion about their economic goals or their retirement needs or how they enjoy making money as if it were some kind of game.
Ask an entrepreneur the same question, and they will tell you what they want to do in the world. What they are passionate about. How much they hate working for someone else and how they long to have the means to chart their own destiny and make a real and substitutive impact on their corner of the world.
So yes. When very confused investors wander into this board (or similar ones elsewhere) the more compassionate among us might be moved to explain the difference between swans and geese. The less compassionate might be assholes about it, roll their eyes, get a bit sarcastic, and do some gatekeeping.
That's kinda sorta just how it works TBH. Swans and geese might both be birds that swim, but they are not the same damn thing. Neither are investors and entrepreneurs.
*edit* For the many, many people who think this is some kind of dunk on investors, it's not. Entrepreneurs need investors to get the $$ they need to make their vision a reality. There is also some amount of overlap between the two groups of people, as some people are investors and entrepreneurs, and some entrepreneurs invest in their own projects. That being said this post is all about expressing frustration with how many posts in this subreddit are made by people who skipped class the day the difference between the two was discussed in econ 101. *end edit*
Love the boostrappers! It seems like many people are abandoning the typical raise VC, do 1000x outcome and going solo or as indie developers. For those of you folks out there, how was the process like and what are the lessons that you learned along the way?
Just curious if anyone else agree.
Hey all. I'm a fairly new entrepreneur (my business is only 1 year old!), and honestly, I never thought of myself as being one. I figured I'd finish grad school and try to find work in academia, but during my PhD I decided to start my own tutoring company because I was so upset over the way the private tutoring industry had been operating (had worked for other companies in this industry), and also how my country (province, more specifically) ran the public school system. I saw a problem to solve and, luckily, I had already been doing the research in the PhD, so I just started the company without thinking about anything other than solving the problem.
My issue is, now that I'm a year into it and the business is doing pretty well for only being a year old, I sometimes wonder if I've somehow made a mistake - like I'm in over my head and because I didn't study business, I shouldn't be doing this, or like I'm not cut out for it. Is that a sign that I made a mistake? or is that regular old imposter syndrome? In either case, how have you dealt with it if you've also experienced it?
There seems to be a lot of posts lately from wantrepreneurs. There's nothing wrong with that, it's all part of the journey. But I've spent time with some truly wonderful and successful entrepreneurs and the one thing they say over and over is, being an entrepreneur is incredibly hard, and can also be incredibly lonely. Especially at the start.
So to give a bit of context/reality to everyone dreaming of entrepreneurship (whether that's SaaS, a physical product, or a service business), post how many years it took to make a net profit, and when you started paying yourself a salary.
Just thought i would share one of my business and how I started.
I was sitting around drinking some beers 😂 and I thought I should buy a 3D printer it would be super cool, just for fun.
So I started to look into how much it would cost and yes, you can spend a lot $$$$ on a 3D printer, but I bought the Anet A8 it’s just a cheap China printer for about $160.
It was definitely a leaning experience putting it together but that ended up being a huge value later on.
So after hours of learning how to dial in the printer, I finally printed a 3D case for my raspberry PI.
I got the STL file from thingiverse and it was a Nintendo 64 case btw.
After that I started to think about all the products I could make with the 3D printer. For an example a phone case 3D printed would cost about $0.25 (in filament) but you could sell it for $25 so I instantly saw the dollar signs 😂
I wanted to know how this magical STL file was made and I ran into a site called tinkercad and it’s completely free and let’s you design STL files.
I now have everything I need but what do I print?
I looked at my snowboard and was like why isn’t that on the wall? Oh I design a snowboard wall hanger and print it bam 💥
It only took me a few hours to design a simple wall hanger and probably only a few mins for an experienced person.
The point is that’s my first product. I put it on eBay and Etsy and poof I started making sales and poof I created a business.
Now I have 10 printers running 24/7 and over 150 different products I sell.
Hopefully this inspired someone 🤷♂️
Well… my systems admin and I have been talking about leaving our job and starting our own managed IT services company. We were having some beers and coming up with company names and next thing I know I have a letter from the state congratulating me on my newly founded LLLP. Cut to 3 weeks later, we just landed a $15,000 project from the first company we approached, got some swag ordered and have some great prospects being handed off to us by people we know in the industry. I just wanted to share the pre grind excitement before we go all in and grow this thing.
Most entrepreneurs have some tricks to keep their mind right.
For Eg:
- Ray Kroc (Mc donalds) used self hypnosis.
- Nike Founder Phil used to talk to his dad at end of day.
- Sarah Brakely used to listen to tapes.
What trick or routine do you do to keep your mind right and stop worries and stress to wore you down?
It might be simple as writing but what yours.
I love what I do but I haven’t “made” it yet. The uncertainty and hard work I’ve put in without the matching results depresses me.
I know I’m still early on the journey but as once a happy person 2 years of entrepreneurship has beaten me up a bit and I feel sad daily now.
Entrepreneurship as you all know is a rollercoaster ride by itself. Now throw in the volatility of the crypto markets combined with a pandemic then you got something unlike any experience I've had before. It all started in 2015 when I started dollar cost averaging into Bitcoin. Towards the end of 2016 I experienced my first ever bull run in crypto. I made A LOT of money but as most entrepreneurs know and my first lesson in this post it's not about making money, it's about keeping it.
I pulled some profits and invested in real estate. The property was located in Playa Del Carmen in Mexico and was a hotel with 16 units. I was excited about this. Then the market turned and I found myself needing a job since I poured everything I had into this property and the market at its peek. I ended up applying to a social media position since I was working with influencers and thought it would be easy.
I applied to over 1,000 jobs and only 1 gave me a call back (which was very surprising because my resume was polished and my experience spoke for itself). I went to the interview and turns out years later the person who interviewed me and gave me the job ended up becoming my current business partner. In the next month I ended up learning so much about the agency world but then something unexpected happened. The digital marketing director who hired me had a falling out with the CEO and parted ways. This was my opportunity to step up.
While everyone in the agency reaction to the Marketing Director leaving was "that's not my job" when his responsibilities became an opportunity for someone to take over, I seized the opportunity. This led to the hands down the best learning experience ever and my second favorite lesson in this post; as an entrepreneur I looked at the work I was doing as if I was a role player but at the same time as the owner and would ask myself, if I owned this company what would I be doing. This led to 9 raises in 9 months bringing my salary from $45,000 starting to $125,000.
I was working on an eCommerce brand and when I started they were making about 6 million in sales a month when I left we were able to get them to 50 million a month. I only left because the CEO was toxic and my best friend at the time was tired of his job. So we both quit our jobs and started an agency together.
We hit the ground running having a client needed tech services which led us to invoicing $20,000 a month going straight to developers. We had a nice margin on top wh
... keep reading on reddit ➡The loneliness and isolation of running a business isn’t often talked about. I want to bring more light to the topic. What do you do?
Any entrepreneurs in this subreddit? Real Estate Investors, Stock Traders, Business owners? Drop what you do and let us know how you got started. We need more positivity in this jawn.🙏🏾
I’ll be making a chat if we got enough people so we can network it’s hard finding like minded individuals that are interested in become Financially free the right way.
First there was Tom Smyth and now there is James Blake. Are these guys for real? Look at this James Blake guy....
https://www.tiktok.com/@mrjamesblake/video/6970972446342089990
I saw him in a Lambo driving down Longstone the other day, with the roof down. What a tool.
"smashing it mate!"
Title
I think it sucks that COVID hit and now everyone wants to become an entrepreneur because it’s flashy. People wanna have “entrepreneur” in their Instagram bio, but hardly anyone wants to actually start a business that innovates, adds value to the world, and let’s the creator chase their dreams.
I’m young, and I guess that I fell into the hype a little bit. I went into the cleaning business with my brother, but I don’t enjoy cleaning. After about four months, I realized that I didn’t actually want to own a cleaning business. We talked about it and I left. I learned that you shouldn’t start a business just to become an entrepreneur. You should only start a business if you have a calling. If you don’t truly believe in the non monetary purpose of your business, it will show.
We don’t need another clothing brand or another drop shipping store that’s run by some crypto kid who only wants to make money. I think entrepreneurship is a means to follow your dreams when there isn’t a conventional path already laid out for you.
I’m worried about all of these new young “entrepreneurs” that are going to be wasting a precious part of their life by chasing a lifestyle that society says is the lifestyle of success. They’ll spend a lot of time being miserable, “hustling”, before they realize that they don’t actually want this artificial societal dream of mansions, super cars, and designer clothes. Kids shouldn’t be starting a shitty business that adds no value to the world just so they can try to live the fake life of tiktok entrepreneur who flex stacks of cash, cars, drop shipping revenue, and meme coin portfolios. If they enjoy doing that and they have a calling for that, then they should pursue that. But deep down 99% of young entrepreneurs don’t want that.
So basically, I think that people shouldn’t become entrepreneurs just for the sake of becoming entrepreneurs. People should only be once entrepreneurs to follow their true dreams.
It would be fun to list different examples of how bad businessman they are. Here, I'll go first:
- JKNews was a good idea at first, but they got super lazy with it. They could've actually turned it into something pretty big and consistent
- That new large office space they bought and renovated was the stupidest purchase ever. They filmed like one JKNews episode in their new studio, and because of their fans reactions they just scrapped the whole thing. They are so inept in set design and how seating works. All they had to do was keep filming in their new studio, but rearrange the seats and cameras so it looked like they were talking to each other and not at the audience like a news broadcast.
- Seeing the success of Big Mood, I bet Bart and Joe are pissed they didn't think about an all girls podcast under JKNews earlier. Could've been good for the girls brands and an extra revenue stream for the girls (keeping them happy in JK) and for Bart and Joe.
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