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If you can make something that makes you $100k/yr why wait until you have already made your fuck you money?
by troygoode 16y ago
If you can make something that makes you $100k/yr why wait until you have already made your fuck you money?
- vaksel 16y agobecause a lot of these niche $100K/yr products...hit the ceiling at 150-200K. So you have no security like you do when you have 5-6 million in the bank. Anything can happen...Google might slap your adwords account, someone might release a competing product etc. And starting a lifestyle business with FU money, means that you can tough it out as it grows from 1 sale every other day, to 1-2-3-4-5-6 sales a day.
- lsc 16y agoIf you can build a $100K/year product, why not do that, and then use that money as your runway while you build your five million dollar product? building a company is /much/ easier if you don't have to worry about where rent is coming from three months from now.
- vaksel 16y agobecause at that point it's very easy to get complacent...and building up to $100K for a niche business still takes time and money.
- lsc 16y agopersonally, I'd rather try to run a starup while fighting complacency than while either trying to wrangle investors or working a dayjob. I think complacency would be a lot less distracting.