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Thank HN: 7 months ago, I asked for help. Now I've got 5 employees.

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Re: Thank HN: 7 months ago, I asked for help. Now I've got 5 employees.

#31
post #12

What did you learn in the process? What would you tell your older self?

I feel silly answering this because there are much more qualified people here to give advice, but I'll answer because you asked and because it's also useful for me to reflect. I hadn't really done it.

In random order:

Employees watch what you do very carefully. Their behavior is strongly influenced by yours.

Having several conservative ways to make small amounts of money if necessary is good.

Emotional stability is an important skill. The ability to dampen both optimism and anxiety is something that comes with experience, I think. Multiple backup plans help with the latter.

It is relatively easy to siphon off pieces of business when the market is large. Profitable competition tells me that I can probably find buyers, so long as I can think of a twist.

Being a generally friendly, helpful person, even to people who you think have nothing to offer you in return, is good for business. I'm a much friendlier person now than I was when I started. I've also found being friendly and helpful just makes me happy.

Re: Thank HN: 7 months ago, I asked for help. Now I've got 5 employees.

#32
I'd love to hear more details too, especially the name of the country you live in.

One of the beautiful thing about the Internet is how it allows you to set up nice lifestyle businesses. If I have a successful application (I'm 20), I could easily travel around the world working wherever there is an Internet connection and just getting by nicely. At least for a few years!

Re: Thank HN: 7 months ago, I asked for help. Now I've got 5 employees.

#33
post #19

I can't compete with surviving at $400 a month. That alone is amazing. The fact that you built a business is inspiring. Thanks for sharing your tale needmoney. As others have mentioned, we'd like to know what your business is. Is it web based? Are you manufacturing widgets? Share the details :D

I live in a developing country, share an apartment, and am relatively frugal. I do however spend money on things that save me significant amounts of time.

Re: Thank HN: 7 months ago, I asked for help. Now I've got 5 employees.

#34
post #17

how do i start doing this

Guys don't downvote somebody on their FIRST POST on HN. This guy may legitimately want to know how to do this, that's one hell of a good reason to be on HN.

Jastis, to answer your question, you do it one step at a time, because if you try to do too many things (or too big of a thing) at once then nothing gets done. Bite off one small thing a day and you'll be amazed how much gets done in half a year.

Re: Thank HN: 7 months ago, I asked for help. Now I've got 5 employees.

#35

would you be willing to divulge details on your app/business and country you reside in? Does this income sustain your family? $300-400 usd seems very little to get by. At the time of your posting, it seemed like a "student" in need of the cash. It's pay back time - your experiences,lessons learnt will be appreciated.

I am not a student. I am young, not married, and do not have kids. I live in a developing country in Asia and am frugal: I could buy a dryer, but I hang my clothes to dry instead.

Re: Thank HN: 7 months ago, I asked for help. Now I've got 5 employees.

#37
My life has change (and also my little mind) thanks to Hacker News. I should say "I read enough, yet a lot", may be more than 500 pages (I already printed 200 or so).

Not only my financial situation changed, but also the way I view the world. Just 400 days before now, $25 is my monthly money pocket that I get from my parents and it should cover all my expenses (except clothes, food and obviously housing).

Now I have my own Internet subscription ($30 a month) and also I just purchased a VPS and a couple of SaaS service. I did bought my Nokia feature phone ($150) also myself and this little netbook I'm typing from ($400). That in 300 days or so, and by the end of this year, I'm planning on buying a Sony Z series, 23'' monitor and a smartphone.

I have 3 years browsing and reading the Internet, but it's only in the last year that I started making money out of it (not browsing! the internet). This wouldn't be done without Hacker News. I should also mention that my English was revamped considerably and ... okay, lot of things actually.

Thanks HN! You didn't give me money but you did teach me how to make it and also LIVE happy.

Re: Thank HN: 7 months ago, I asked for help. Now I've got 5 employees.

#38
post #37

My life has change (and also my little mind) thanks to Hacker News. I should say "I read enough, yet a lot", may be more than 500 pages (I already printed 200 or so). Not only my financial situation changed, but also the way I view the world. Just 400 days before now, $25 is my monthly money pocket that I get from my parents and it should cover all my expenses (except clothes, food and obviously housing). Now I have…

Don't spend all your money on toys... The few hundred dollars you've spent already, had you invested it in your business, or even put it into savings, could be worth tens of thousands or even millions a few decades from now.

Re: Thank HN: 7 months ago, I asked for help. Now I've got 5 employees.

#39

would you be willing to divulge details on your app/business and country you reside in? Does this income sustain your family? $300-400 usd seems very little to get by. At the time of your posting, it seemed like a "student" in need of the cash. It's pay back time - your experiences,lessons learnt will be appreciated.

I am not a student. I am young, not married, and do not have kids. I live in a developing country in Asia and am frugal: I could buy a dryer, but I hang my clothes to dry instead.

You seem reluctant to share what country you are in. Can you share what region (E. Europe, S.E. Asia, etc)?

Re: Thank HN: 7 months ago, I asked for help. Now I've got 5 employees.

#40
post #29
post #26

Earlier quoted context omitted.

As I write this the above comment is 31 points! Please don't view this as a complaint, and to eof especially, I'm not saying the comment isn't worth that value. It just seems like an anomaly to me. Is it because everyone wants to know what the business is?

7 points 18 minutes later. People really want to know! I imagine it will stop when/if it is answered.

Absolutely. Also seems a little strange to not give back to the community such basic information, after it's done so much for him.

Maybe there's a competitive reason he's not divulging, or he's just too darn busy? ;)

(I'd love to know, too)

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