In 2017 I started a consulting company and made $0. - Actually, I spent about $3000 and did not get any revenue. But in 2018 I made $1000, and things began growing. By 2022 I brought in over $200k in annual revenue. Since inception, I just crossed $500k in revenue (🎉 - I didn't really have anyone to share this with, so I'm celebrating here) and about $400k in profit. Here are a few things I learned: **1. Just do it.** Get to your MVP as fast and as cheap as you can. You can always make adjustments along the way. I launched and reached profitability before I even had a website. Stop waiting for all the pieces to fall into place and get out there. **2. Customer acquisition is *everything.*** If you can get customers and make them happy, you will almost always succeed and keep growing. I hit some lightning in a bottle with my content marketing and it really changed my trajectory. You MUST determine how people will find you and make that easy for them. **3. You don't have to go all in.** I started while working a full time job and that's the only reason I could afford such a slow growth ramp. Those first 2 years would have bankrupted me at the time if I had quit my job to go all in. Manage your risk. I wouldn't have had enough clients at the beginning anyway, and starting out part time took a lot of the pressure off. I could experiment more with product/service offerings, pricing, marketing, etc. **4. There's a TON of luck in this.** I did a lot of things right, but in hindsight I definitely got lucky with some things. This was my 4th attempt at starting a company and the first one to really succeed (2 died on the runway and 1 was just a self-made job that wasn't likely to scale at all). And four years in, I still wasn't out-earning my prior 9-5 job. So if your first tries aren't immediate homeruns, don't panic or abandon ship. Just keep doing what's working and trying things. Entrepreneur

In 2017 I started a consulting company and made $0. - Actually, I spent about $3000 and did not get any revenue. But in 2018 I made $1000, and things began growing. By 2022 I brought in over $200k in annual revenue. Since inception, I just crossed $500k in revenue (🎉 - I didn't really have anyone to share this with, so I'm celebrating here) and about $400k in profit. Here are a few things I learned:

**1. Just do it.** Get to your MVP as fast and as cheap as you can. You can always make adjustments along the way. I launched and reached profitability before I even had a website. Stop waiting for all the pieces to fall into place and get out there.

**2. Customer acquisition is *everything.*** If you can get customers and make them happy, you will almost always succeed and keep growing. I hit some lightning in a bottle with my content marketing and it really changed my trajectory. You MUST determine how people will find you and make that easy for them.

**3. You don't have to go all in.** I started while working a full time job and that's the only reason I could afford such a slow growth ramp. Those first 2 years would have bankrupted me at the time if I had quit my job to go all in. Manage your risk. I wouldn't have had enough clients at the beginning anyway, and starting out part time took a lot of the pressure off. I could experiment more with product/service offerings, pricing, marketing, etc.

**4. There's a TON of luck in this.** I did a lot of things right, but in hindsight I definitely got lucky with some things. This was my 4th attempt at starting a company and the first one to really succeed (2 died on the runway and 1 was just a self-made job that wasn't likely to scale at all). And four years in, I still wasn't out-earning my prior 9-5 job. So if your first tries aren't immediate homeruns, don't panic or abandon ship. Just keep doing what's working and trying things.


Shortnsalty 36d

Berkshire is hoarding so. much. cash.

Berkshire is hoarding so. much. cash.
Goldrush_Greg 67d

Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends

Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Stonksurfer42 97d

Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on

Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Moonbagjack 128d

Where does this end up long term with small stocks suffering white giant caps are taking all the coin?

Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Chartwizard_Au 158d

🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...

🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
Tendies_Inbound 1y

#ASX:ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?

Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?