3 ms·
In theory Yes. In fact, making money and more importantly: financial Freedom is one of the biggest motivations for starting your own business. However, I perso
by codegeek 5y ago
In theory Yes. In fact, making money and more importantly: financial Freedom is one of the biggest motivations for starting your own business.
However, I personally am not sure if you can just do a business only for money. Because in practice, you would have to deal with customers, employees/contractors, product, sales, marketing, support tickets, servers going down and a lot of other things that comes as part of running a SAAS business. If you are not learning on a daily basis and investing in knowledge which requires some level of interest in things, you at some point would most likely crash and burn.
So my advice is to be very motivated by money. Nothing wrong with that. But be motivated with other things as well as building a successful business is a journey and a career and that requires a lot of other motivations. For example, building something that you really like. Solving problems that you can help your customers tremendously. Those things can add a lot more to your ability to make lot more money.
I run my own SAAS business and I am not just motivated by money even though it is probably the biggest factor for sure and I am not going to sugarcoat it. But if you look at it, I am running the business because other than financial freedom, I also wanted to create something of my own, put a few people together providing a good product to customers (it really excites me) and many other motivations. I don't know if I can wake up every day and just be excited that I am making money. At some point, you need other things to motivate you.
- high_byte 5y agoI'd say freedom is the biggest motivation. In terms of financial freedom it may even be lesser or less secure but many people would still go towards being their own boss for the sake of freedom. And in fact all my friends who got massive investments have barely any freedom now.
- matwood 5y agoAgreed. I think if money is the primary goal, getting a job at a FAANG is a more certain path. Freedom or agency is my biggest motivation.