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I feel like this is my first actual rant in that it's a monologue possibly showcasing my emotional baggage. No TL;DRs, so grab a coffee and enjoy.

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Hey entrepreneurs and people who write about entrepreneurs, can you stop glorifying life-ending risk and workaholism? It's unhealthy and it goes to ridiculous lengths.

Going on about how you maxed out all of your credit cards, nearly lost your marriage, and still ended up rich should not be seen as inspiring. Impressive, sure, but not inspiring. In a fair world, your story should be seen as part of the self-congratulatory silicon valley gold rush culture where people actually believe that lottery tickets and following their own destiny should involve putting up their chance to ever find peace as collateral.

If you made it with hard work and at great risk, then fantastic! I'm still happy for you. I just wish your success didn't buy you the credibility that it does, because you still didn't discover a formula for success or life in general. You took a plunge and survived, which is fun to watch! It's like seeing someone skydive without a chute onto an unclaimed island and keeping that island. I'm just saying that if your story makes a whole bunch of people start skydiving without chutes because they think they'll land on their own island, then we went from hearing an amazing story to everyone just being retarded.

I'll avoid throwing the baby out with the bathwater: If you want financial health and a sense that you are not letting life pass you by, definitely maintain that course and accept risks along the way. Just be reasonable about risk!

I saw an article that started by saying "To start and support your own business, you’ll have to put your career, personal finances and even your mental health at stake." ...Yeah, maybe if you want exponential growth in 5 years because of some kind of cosmic terminal impatience or dysfunctional belief that your moral worth as a person equals the rewards you shoot for.

For people like me who are okay with using a steady paycheck to feed conservative growth and gigs for side income, putting all personal finances and mental health at stake is not an inferior life choice. I strive for flexibility in the event I lose income, and to me the ability to adapt and achieve financial independence is far more valuable than entering into all-or-nothing arrangements in the startup lottery. I won't be filthy rich or stupid famous, but that's okay. I don't need to be.

To those of you on the fence about entrepreneurship, my advice is not to focus on getting rich or famous or even feel the pressure to do so. And it's definitely not to take more risk than necessary. Ask real questions about what lifestyle would make you happy. If it's having a 9000 foot square house, a pool and worldwide admiration, then fine, make the leap. But if you think you're SUPPOSED to have the huge house and worldwide admiration, then I'm telling you that you don't. You are just as important and valuable as a person even while millions salivate over Elon Musk and walk around with inflated aspirations.

And if it helps, good budgeting, wise investments and careful risk management can still get you ahead on lower salaries. Someone making $30k a year but is cautious about savings and staying out of debt can end up just as free and flexible as someone making and blowing $800k a year on luxuries. As for acceptance, having just one person love you for the impact you make on their life is infinitely better than having millions adore you for the (possibly bullshit) image and dream you are forever expected to show them.

To close this out, I'll speak back to the entrepreneurs out there again again: I'm not judging you for making your own life choices. I AM judging your shitty, egotistical need to showcase how great you are for your success when what you did would probably bankrupt the next person to try the exact same thing. And I'm DEFINITELY judging telling people that working 100+ hours a week or risking everything is a necessary part of making dreams come true.

Entrepreneurship is great. Entrepreneurs are full of shit.

Comments
  • 3
    I would ++ 5 times if i could.

    Also fuck tony robbins
  • 2
  • 4
    I despise those 20 year old assholes that think Gary Vee is inspirational and have shit like "Entrepreneur" in their social media bios.
  • 2
    shit what you talking bout, I was ready for the ex to leave 😂
  • 1
    @erandria Awaken the Giant Within is good tho.
  • 2
    @ihatecomputers I'll give it a shot!
  • 2
    @erandria Cool, I was surprised by how much it helped me figure stuff out. The audio book is good, he is inspiring to listen to. Still not sure if he eats babies or not but the exercises in the book made sense so whatever.
  • 3
    Well live your life, accept yourself and stop looking at others. I can guarantee you’ll be happiest person on this planet.

    Yes it’s so fucking easy to say something about fucking article or person you just red about that was written by some guy who need to support his family by writing this shit.

    Yeah those articles are poorly subjective and written by people. If they sell and earn money for corporate news some people can benefit from them.

    It’s easy to sweep right or left or click plus, like, dislike, minus.

    It’s harder to cut those distractions and live your life like you want to. Hard to sit down and do nothing for a weekend and just think about fucking nothing.

    I can tell you internet is full of shit and there are real people with real problems out there.
    Money is laying around all the time but nobody wants to pick it up because they praise their security and don’t want to do shit they don’t like.
  • 6
    I'm a failed one of them !

    Almost out of debt after my last attempt, nearly 20 years in debt and living on peanuts to pay it off.

    Then I start saving for my next effort..

    You speak a lot of sense, and I'm always arguing with partners that it shouldn't be a case of throwing everything you have at it and then failing repeatedly..

    Some years ago when I had a previous failure, I had a breakdown afterwards, so that wasn't fun..

    I'm learning to be more cautious, and take less risks, then if you fail, it doesn't matter so much and you get pick yourself up and continue.

    Still on 100+ hours a week, but what else am I going to do with my time when I'm practically penniless !

    I find I learn more from finding out about others mistakes, than their successes, which often include an element of luck, so are difficult to reproduce yourself.
  • 2
    @vane if the money is laying around like you think it is, you shouldn’t have to go massively into debt financially and spiritually to make a living. Often I see entrepreneurs who want to have a big number for revenue, but at the end of the day they bring home less than a normal paycheck after all the debt is serviced.

    That’s fine, if you love it and it doesn’t disrupt the peace in your life. But often, it does.
  • 1
    @Nanos @zyrolasting This very logical fallacy is described FIRST at a book I read, "The art of thinking clearly" by Rolf Dobelli. He uses the term "cemetery" describing this. What he says, is that we always focus on the successful flashy few examples, and neglect to check on the masses upon masses of non-successful endeavours. What can I say? What he also said at the end of that first chapter (or at least what I not-so-clearly remember):

    "Pay a visit to the cemetery. It might not be pleasant, but it will surely be beneficial."
  • 1
    @bladedemon I ranted about the lack of visibility to those ignored due to survivorship bias before, so I am super glad to see you and @Nanos chime in on this.
  • 1
    @jeeper depends on what you want to do and what people want you to do, your ambitions, calculations and elasticity. Soft skills are magic.

    If you think you can create product and sell it in a year without other sources of income you’re either genius and we won’t be having this conversation or you had pure luck. Usually it’s second one.
    Last possibility you know someone who runs / works in big company who needs something and they’re willing to buy it as a product from you. That’s common ways to start business solo these days.

    If you put your ambition and all this bullshit everyone is selling around somewhere dark and use cold calculations this is usually what you’re left with :

    Some products are high risk and high debt like games, with good idea and good graphics still you can loose your money very fast without luck.

    If you sell consulting you can grow by hiring more people to help customers you gain by simply mass advertising via linkedin and forced selling. ( hard job and you sell and hire people for a living )

    Business application you can grow organically with low cost, you can transform products based on usage statistics.
    If your product is not completely shit fucked from start you can make a living in 2-5 years.
    Still you need to force yourself to see what people need and how they understand your product, not what you need, that’s fucking not important at all.

    Last stupidest shit ever that I see is working:
    Let’s say you observe latest market trends, companies that have 1-100 employees and you target market other then US, you can make copies of products on local market before others and sell this shit as fast as you can.

    Last thing, it’s better to loose 100k with 10 people then to loose it yourself cause you meet 10 people who risk that money. Talk with people, go to places and try to understand what they want not what you want, it’s not fucking important.

    Good luck and have fun.
  • 0
    > you shouldn’t have to go massively into

    > debt financially

    The point at which I went wrong was when I didn't have enough money to pay the rent on my home. (If you call room smaller than a jailcell home..)

    So I borrowed..

    Gambled on next year being better than this year.

    It wasn't.

    Previously when I was in a situation like that, I just went homeless and lived in a tent eating berries off the trees for several months..

    I wanted to try and avoid that again..

    Namely as there isn't anywhere to plug laptops into in the middle of a field..

    Well, there might be nowadays if you have solar..

    But, would I have been better off, debt free, but living under a bridge someplace for several years ?

    Hard to tell..

    If I had, I might be writing something about living under a bridge for 20 years and how it did me no good..
  • 0
    > entrepreneurs who want to have a

    > big number for revenue

    For me it was never really about big numbers, it was just about making something for Joe Public that no one else made.

    Nowadays though, as I had towards retirement, I think more along the lines of, how can I make enough money so I can retire today..

    Actually my best idea so far, see's me retire in 10 years time..

    No wait, that's the old plan, the newer plan is only 3 years away !

    But that has an element of risk.. in that it might not work..

    But at least I won't get into debt ever again !

    As such, one of the reasons I'm building my own vehicle, so I can be homeless in that !
  • 0
    > massively into debt financially and

    > spiritually to make a living.

    I avoid the spiritual problem nowadays by working on several projects at once.

    Then if one fails, the heartache is much more bearable and not so likely to lead to a breakdown.

    Means everything takes longer as you split your time between several things, but as things are probably more likely to go wrong, than right, I think its a sensible play to make.
  • 1
    Another mistake I made early on in an attempt was thinking I could create a profitable company in just one year.

    Now I reckon it is more sensible to look towards 3 years as that point in time when it is realistically possible to be making a profit.

    As such, don't start a business unless you have enough saved capital to pay for your living expenses for 3 years. :-)

    At the time there was a lack of information available for me to make a good decision, so I did the best I could and took a leap.

    But after a year, the product wasn't finished, and the money ran out, so I had to stop !
  • 1
    @vane

    > Money is laying around all the time

    Where out of interest ?

    I'm reminded of folk I've spoken to who tell me, they would be happy to invest, once I've built a working prototype..

    Now, getting the money to build the first prototype, that is a sticking point for many !

    Lucky for me I've got a job now to pay for me to get past that stage.

    I say lucky, because after study, I moved to a place with the most luck, and got a job when I moved here !

    Now I can imagine folk saying there is no such thing as a lucky place..

    Well, luck clumps, you get lucky areas, and unlucky areas.

    So, why not move to a lucky area..

    It might just be coincidence.

    But when you have been unemployed for years and years, in what is supposed to be a lucky place everyone else says, but isn't, and then you move to a lucky place and get a job, you do wonder, can luck work like that..

    After study I now better understand why this place is lucky, and its luck is running out !
  • 1
    @Nanos now ex. it’s laying in github stars, social network likes.
    Time is money, people who have money often don’t have time so if you provide them some they will give you money for it.
  • 2
    @Nanos

    > As such, don't start a business unless you have enough saved capital to pay for your living expenses for 3 years. :-)

    Can you elaborate on if that applies to everyone? I have a job where I negotiated flexible hours and am not under a non-compete, etc. I feel like I can moonlight a business and just switch to focus on it if it shows promise. I don't understand quitting a day job unless you absolutely have to.
  • 2
    @zyrolasting business loans are also an option if you plan accordingly and your credit is good enough to get a low interest rate. Just don't get cold feet when you pull the trigger.

    I let my dad get in my head when I took out mine and ended up borrowing only half of what I figured out I needed. Had I taken out the whole amount, fairly certain (it being 2 1/2 years later) had I taken the whole amount out, I would've broke even a year ago.

    But then of course I wouldn't have met any of you guys because I woulda just hired someone to do my app and not got the bright idea to try and learn to do it myself 🤦🏻‍♂️
  • 1
    @zyrolasting

    > I don't understand quitting a day job unless

    > you absolutely have to.

    Some of us don't have jobs. :-)

    If you can't get a job, the next best thing is to try and start your own business.
  • 2
    @M1sf3t

    > business loans are also an option

    If you can get one.

    I got one of those once, but then, it was practically a dead cert I'd be able to pay it back, which I did.

    All the other times, the ideas wasn't a dead cert, so they wasn't interested !
  • 0
    @vane

    > social network likes.

    How many YouTube likes do you need before something is, well, something ?

    Having once gotten 100k of likes on a YouTube video, it didn't amount to any real traction.

    Perhaps you need at least a million, or 10 million, or 100 million ?

    Anyone thoughts on where the tipping point is ?
  • 1
    @Nanos they're required to be dead certain for a reason though. If not, one should probably consider finding a small paycheck until all the kinks get hammered out. Or until their credit is built up enough which is really quite easier than most seem to expect.

    I've rebuilt mine so many times in the past ten years that the graph would make a good blueprint for a theme park ride
  • 1
    @Nanos speaking from a perspective here in america of course. We have a plethora of shit jobs to choose from here and they shove credit cards applications down your throat until you have no choice but to apply for one or choke to death.
  • 0
    @M1sf3t

    It used to be like that here, but nowadays you can't even get a shit job for love nor money !

    And even if you own your own house, and have a private pension, you can't get a credit card unless you have a job !

    Well, I was lucky, but only because i moved to a lucky place, and got a shit job. :-)

    But I don't want credit card debt ever again, still paying that off as it is ! (20 years later..)
  • 0
    @M1sf3t

    I really want to avoid a business loan too, in case things go bad, ruins your life for X years !

    I think the future is either investors, or crowd funding, something where other people risk their money, and if things go pear shaped, they signed away their rights to get it back !

    Harder I imagine than a loan...

    But less risky for me.

    But again, like a bank, investors generally don't like to invest until you have a working prototype. :-)

    So you need to find a way to build a working prototype of some description (Even if its just to demo specific aspects of your final product.) with what limited resources one has to hand.

    I'm reminded of:

    https://en.wikipedia.org/wiki/...

    Is inspiring, if you happen to live near a rubbish dump for resources..

    One that isn't patrolled by armed guards to stop you stealing rubbish that is !
  • 1
    @Nanos yea I wouldn't recommend them to anyone that doesn't have a set amount of income they can count on. Even then you have to be careful. But if you play the game right, you can build your credit score pretty quickly.

    Honestly I wish it was a little harder to get them here, our economy might not be so damn inflated then.

    The way they calculate the score is a little skewed as well. They reward more points for the more you spend, whether you pay it off or not. As long as your meeting your minimum monthly payment they could care less how much debt you go into.

    At least until you start maxing them out, but then you can always stop a couple hundred short and get another one. Before you know it, your overextended and barely meeting the minimums.

    Which is also fine with them, they're essentially getting free money at that point because it's all going to interest and your hardly putting anything toward the principal.
  • 1
    @Nanos investors are definitely the safer bet but then to me, your only compounding the problem.

    Investors expect dividends for their investments, banks just want their money back and a little interest.

    Dividends mean more hands in the cookie jar. Hands that are not necessarily putting forth any work. That's not to say all but a lot of them. That means you have to charge more for a product that's questionably worth it.

    If your talking something that requires a lot of physical equipment to be purchased up front it's one thing, but if its just something that requires time and though, not so much.
  • 1
    @M1sf3t @Nanos Would it be crazy to say that an economy that makes it hard to contribute is probably not run efficiently in the first place? Just reading your comments is making me wonder why the stakes have to be so high to do something that most sanely-run nations would WANT you to do.

    Thinking back to supply/demand, it's possible prices ended up where they are because the demand to do your own thing is high. As for why the supply can't reach it, I don't think I could fairly summarize. What do you think?
  • 0
    @zyrolasting that my friend would be correct though why it isn't done requires a very complex answer. I can try if you like but I've been working on an app to fix it for nearly three years now and I can honestly say that I still barely have a grasp on it myself
  • 0
    @zyrolasting

    Over time I notice some countries get infected with an anti-business vibe, probably some foreign nation implanting troublemakers to keep folk from being an economic threat to their neighbours/etc.

    It is hard to tell, as its oddly quite difficult to find out where the buck stops, eg. who is at fault for issue X, no records and no one remembers the name of the person in office at the time..
  • 0
    @zyrolasting

    > What do you think?

    FX [ Ponders . . . ]

    No clear thoughts on the issue at the moment !
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