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Ask HN: Am I just a wantrepreneur?

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81–90 of 152 posts

Re: Ask HN: Am I just a wantrepreneur?

#81
I've seen lots of superb responses in here but the, "I'm tired after work at night and on the weekend I'm burnt and want to slack to unwind" is a complicated one. I've had a similar issue, especially as I've one 40 hr consulting gig while picking up a small second one, and hoping to invest effort to find new ones over time.

I don't know what the answer is. All I know is, my friends with families and young kids have so little free time, they're envious of my freedom. This has given me the motivation to push myself a little even if it takes a bit of willpower and I'm sleepy.

Re: Ask HN: Am I just a wantrepreneur?

#82
This may not be what you want to hear, but you should nevertheless consider that perhaps running your own business isn't for you. Other respondents here have pointed out the vast amount of work that goes into starting up something new. It's really, really difficult. If this were an easy thing to do, absolutely everyone would be doing it, because who wouldn't want to be their own boss?

Don't take this as criticism of you. On the contrary, this may be the opportunity you need to leverage your true strengths instead of attempting repeatedly to embark on a gambit that seems to be a poor fit for your personality.

Re: Ask HN: Am I just a wantrepreneur?

#83
I feel the same way about leisure time and attempting to become fully self-employed. This, or creating other cash flow streams. I have to work full-time to keep my head above the water, although never seem to have enough time to get to the next safety boat. I did create and close a business, the whole way through. Although, I didn't have enough time to actually perform the tasks needed to produce a profit. I find it hard to find anyone willing to take a risk with their time/job in creating other enterprise. They are either too busy, or above their heads. Also, finding a person to partner in a business with you is a tall ask. This person is going to have to be willing to go into battle with you.

Re: Ask HN: Am I just a wantrepreneur?

#84

I've seen Mark Cuban use "wannapreneur" many times on his show and I've heard others use this term. I spent a good week trying to figure out what they meant because the term never seemed to correlate to the size of the success of the pitch they were hearing. At one point someone came in who has built some kind of underwater propulsion device which was the culmination of 3 years of work. He had a pretty polished proto…

So, basically "real" entrepreneurs are salesmen?

Re: Ask HN: Am I just a wantrepreneur?

#85
post #59

Earlier quoted context omitted.

I actually disagree with this. As someone who uses linux as the primary build OS for my software projects, i need to know just enough to make things work but I don't necessarily want to be an uber linux expert. This results in me constantly googling "command for ubuntu", which usually lands me on a stackoverflow page with something that points me in the right direction. Now, i'm not saying a linux example commands we…

yes, but do the numbers.... how many of you are there? People in that stage of learning Linux where they google the 5 most common things people get wrong? Let's be generous and say 1 million. That seems reasonable. It's certainly more than 100,000 and less than 10 million. Let's be more generous and say that all these people search for this once a week. At $1 per 1000 pageviews (the generous estimate) that caps incom…

This is where you upsell into ebooks, video courses and paid training. Also if you build an email list you can build partnerships which will lead to a much higher CPM.

Re: Ask HN: Am I just a wantrepreneur?

#86
post #30

Earlier quoted context omitted.

YCombinator Startup School heavily emphasizes leaving your day job and committing 100%. A. This is a luxury many people do not have. For example, most women are unable to do this, in part because they can't get the same financial support for their business ideas as men. B. I'm a fan of YC, but "consider the source." They are an incubator who only funds people doing this full time, not part time. That's their business…

Both statements are true, which is why I talked about people who can and cannot split their focus. Some people are great at having a side hustle, but it sounds like OP isn't one of them.

I disagree, they have built and maintained side hustles and proven they can do it. It is just that they have yet to find monetary success. There is success in launching at all with a full time job.

I agree that if you can devote more time then definitely do though. Maybe that is going part time, or getting rid of some debt first so you can take longer breaks and focus then.

The other difference I think showing here is that a side hustle doesn't look anything like a startup. A small business doesn't even look like a startup. If you have a startup you probably have VC and employees, then of course you should quit your job.

A side project you are trying to turn into a small business can be done alone and slowly scale up. At some point in that long process you will probably need to quit your job, but that will hopefully be easy to see when you get there.

Re: Ask HN: Am I just a wantrepreneur?

#87
post #66
post #47

Earlier quoted context omitted.

Damn. I'm definitely a wannapreneur. Time to get out there.

What are your ideas (generically speaking)?

An events app which allows you to subscribe to venues for cheaper. Various things like consistent cashflow/breakage go into making to cheaper.

I have the design and developing chops, it's the customer development & validation part I'm bad at. I really need to talk to businesses before I make it, but I'm always apprehensive about actually doing so.

But now this thread has convinced me. After exams, I'm going to send some emails and organise some meetings, and see what people have to say.

Re: Ask HN: Am I just a wantrepreneur?

#88
Forgive me if my reading is off, but it sounds to me like one of your current stumbling points is "inner game".

Reading between the lines a little, you seem to beat yourself up or go within yourself in response to failure. This is a common trait with perfectionists, who often want to feel like they are without flaws before they open themselves to the world.

I'm basing this on this post and the post you linked to about imposter syndrome, although that post appears to be from another user.

If my description seems accurate, I would recommend dealing with anxiety/perfectionism/self-esteem first by learning about it. If you want, throw up an anonymous website that tracks your journey. Self-help is certainly a profitable market. Developer self-help might be an interesting niche.

Without being centered enough to weather failure with grace, you're going to have a hard time being a successful entrepreneur. Once you have it worked out, you'll be a different person with a better sense of who you are and what your strengths are. And then you'll be in a stronger position to build a product that really connects to people.

Re: Ask HN: Am I just a wantrepreneur?

#89
Couple of things Id love to clarify:

1. Why do you need to be an entrepreneur? If your day job is exhausting have you tried changing jobs to a more balanced work place? If it is a matter of skill/expertise have you tried investing in upskilling yourself?

2. If you dont think you are a good developer (imposter syndrome or otherwise) what makes you think you would be a good entrepreneur? I am not saying being a good dev is the only prerequisite but if you are going into be in some kind of software startup space there will be a lot of coding/dev ops/engineering/debugging/prototyping across the stack. I hope you were not looking to be a biz-guy-looking-for-a-coder.

Now despite the above if you truly truly want to be an entrepreneur (and revel in #struggleporn as suggested in another thread) try the following (YMMV):

1. Take a vacation and just unwind without thinking about work. Given your 7 years of experience I am assuming you are young and have less number of "responsibilities" and I am assuming you are living in Europe (from your donation currency) so you may not have to depend on employment for basics like health insurance.

2. If you can afford to take time off (say for 6 months) go on a reading/learning spree without actually working on potential ideas. You will be amazed at realizing that the things you dont know are not magical (they are just unknown and vast) and be pleasantly surprised at how each fibre of knowledge builds N^2 connections between your other threads of knowledge.

3. Build relationships with people in different areas outside of your immediate interest/work. Again do this purely for learning rather than hoping to turn it into a business venture.

The common thread across the above three is you are letting your brain do some garbage collection which is a powerful way to put it to good use in the future.

Re: Ask HN: Am I just a wantrepreneur?

#90

A common mistake I see is developers often view a big and well known service and assume that means the entire market is fully catered to. For example, 'Firebase' is a large Google service that handles backend-as-a-service (BaaS). Does this mean the entire BaaS is now off the table for others? Of course not! Maybe you can create a specialised BaaS that works great for the unique demands of Ruby developers, with a seam…

On this note, without mentioning names, I'm going to share two real world examples of people I know turning businesses into profitable side projects in very very crowded markets.

One is so profitable in fact that the side project is about to become his full time business. He built a tool to do link tracking using social media pixels. I mean that's a suuuuuper crowded market, but he fine tuned it enough to serve a particular customer base of small to medium businesses and with a primary focus on managing retargeting pixels in one place.

The second business I know of was built in the market of checking cron job success/uptime and doing alerting on failures. Again, there are other products that do exactly this thing. But humans being humans don't connect purely with the feature sheet. From pricing to overall experience his product and customer service was different enough that people are paying for it. And while it was a slog to get his first 10 paying customers, his next 10 took only 1/3rd of the time that it did for the first 10.

This is just a supporting statement for the above comment. Have courage in yourself. Go forth! :)

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