Finding My Next Bootstrapped Business Idea

#1

Post by derrickreimer » Tue, May 28, 2019, 6:02 PM UTC

Finding My Next Bootstrapped Business Idea
derrickreimer.com

Re: Finding My Next Bootstrapped Business Idea

#2

Post by jguimont » Tue, May 28, 2019, 7:17 PM UTC

I would like to know your opinion on "When to drop the ball when trying to build a business?" You need to persevere, but like playing poker, you invested so much energy that it might be hard to pull the plug. Success might be just around the corner...

Re: Finding My Next Bootstrapped Business Idea

#3

Post by Alonski » Tue, May 28, 2019, 7:44 PM UTC

Good luck! Love listening to you and have been following your journey for a long time. I'm here to listen and watch what you build next. Who knows maybe I'll be a customer.

Re: Finding My Next Bootstrapped Business Idea

#4

Post by derrickreimer » Tue, May 28, 2019, 7:51 PM UTC

jguimont wrote: post #2

I would like to know your opinion on "When to drop the ball when trying to build a business?" You need to persevere, but like playing poker, you invested so much energy that it might be hard to pull the plug. Success might be just around the corner...

Totally! To clarify, by the "drop the ball" do you mean knowing when to call it quits if something is not working out? I recently wrote about my experience with that: https://www.derrickreimer.com/essays/2019/05/17/im-walking-a...

My friend Justin Jackson also published a good article about this too: https://justinjackson.ca/giveup

Re: Finding My Next Bootstrapped Business Idea

#5

Post by derrickreimer » Tue, May 28, 2019, 7:52 PM UTC

Alonski wrote: post #3

Good luck! Love listening to you and have been following your journey for a long time. I'm here to listen and watch what you build next. Who knows maybe I'll be a customer.

Thanks! Glad you are finding it helpful!

Re: Finding My Next Bootstrapped Business Idea

#6

Post by holmberd » Tue, May 28, 2019, 7:54 PM UTC

jguimont wrote: post #2

I would like to know your opinion on "When to drop the ball when trying to build a business?" You need to persevere, but like playing poker, you invested so much energy that it might be hard to pull the plug. Success might be just around the corner...

You are referring to sunk cost fallacy.