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Don't let work dominate your life. Work is important, but it should not be a grind, or you will end up with serious mental health issues. I have some observati
by jwr 7y ago
Don't let work dominate your life. Work is important, but it should not be a grind, or you will end up with serious mental health issues.
I have some observations to contribute (context: I am a solo founder of a bootstrapped business):
* Much of the "news" you read will be stacked against you, because it is in the interest of VCs and employers to see you work your butt off for years, with the mythical carrot of a major payout hanging in front of you. Your mental health is not a consideration.
* You can make good progress working reasonably. In fact, I'd wager that you can often make better progress, because the quality of your work is better than when you are tired.
* Being a solo bootstrapped business founder is not necessarily a panacea, the anxiety and pressure are still there. You have to learn how to deal with them (I'm still learning, but making good progress).
* Consider your goals. Does it really need to be a multi-million payout, or is a healthy income for you and your family enough? Do you really need huge growth, or are you OK with modest growth once you reach a comfortable level? Your goals might not align with those of others, and there is no such thing as "obvious" goals. I believe that a lot of problems in today's world are created by the pressure for constant growth (at all levels, both startups and companies like Apple).
- hef19898 7y agoWhy is there only one up-vote to give? Being a Solo-founder myself, you are so right. My, and as soon as the business can sustain another person our, goal is helathy growth to a sustainable levelwhere we can oneday employ an handfull of people so we don't have to do everything our selves. So one of the most important metrics is cash flow. Success is positive cash flow, profits and happy customers. If you ask me, that might very well be easier to achieve without VC money as you can aim lower with a smaler chance of missing. Agree on the anxiety and pressure part, it is still there. And since your entire runway depends on yourself maybe even more. But that you don't have a board nd investors pushing you on a course to hypergrowth. One of the main reasons I started the company was to not have a boss anymore. So I won't replace a boss with an external investor if I can help it. EDIT: Taking guys like Gary and people considering sleeping on factory floors to be a good idea as role models is a problem. In the first case bacause Gary is making a living of selling his message and merch online. In the second case because it indicates grave mistakes happened a long time ago.