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I am done. I give up

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Re: I am done. I give up

#101
There's no shame in giving up especially if you've tried before. Many people go their entire careers without having the courage to do what you did. Think of this as a tactical retreat so you live to fight another day. You tried and I've got immense respect for you for doing that.

Re: I am done. I give up

#102

Earlier quoted context omitted.

> Why do "indiehackers" want attention from and create products for other "indiehackers"? They’re influencers. That’s why people want their attention. I think it kinda has the look of a cool lifestyle from the outside (to some). They’re digital nomads and they travel to cool places and meeting cool people and tweeting big graphs that go up and to the right. They disavow lots of possessions (again a nomad) while profe…

I thought digital nomads were mostly remote workers who just wanted to travel. What is an indie business?

Something where you make a business that takes minimal commitment so you can spend your time on the beach.

The actual business seems to be taking photos of yourself on the beach and making money as an influencer, while telling people you made money from your startup though.

At least that’s my impression. Maybe there are counter examples.

Re: I am done. I give up

#103

I tried 10 years building numerous projects since 17 until i reached the $1mil one. I did it because I loved building stuff, it wasn't a burden for me like i see it's for so many people that want to become entrepreneurs because they see on Tiktok how good others have it. If it becomes a burden, then it's a problem. Also, luck may play a big role, but there's something you learn failing over and over again. You start…

^^ +10000

I think a lot of us have been there.

There's a big difference whether your service:

- is B2B/B2C;

- uses product-led/marketing-led/sales-led growth;

- targets a broad market or a niche (the more niche it is, the better it speaks to your target market, f.e. coaching vs developer coaching vs coaching Java developers VS coaching Java developers in machine learning vs coaching Java developers that use machine learning in the agricultural world...)

- uses different pricing models;

- ...

I've been on this route for 8 years with some consulting stints in between to pay the bills, and it wasn't until this year that my sales pitch finally started to land. Refining my target audience has been a big part of this...

There's a lot of nuance in how to present your offer, and you need to get everything exactly right to convert someone. You have to make someone an offer so good it would feel stupid for them to refuse.

In my opinion a lot of the "snake oil sellers" try to pitch the universal product-led growth approach to a very broad market that works for everything and that you can do from your computer.

In reality, they are most likely optimized to sell as much courses as possible, coming with very generic advice, and don't really care about the results for their target audience.

Another point: unless your target audience is on indie hackers, you should not be spending your time there at all.

I feel for you, so if you want to have a short chat, I might be able to give you some pointers. Feel free to reach out.

In the end, there is a lot of survivorship bias going on, and as the world is in constant flux, what works today will probably not work tomorrow, so you have to find your own path...

And, there's no shame in having tried and failed; by trying you're already within the minority that took action.

By the way, in my experience, people pay way more for an IT consultant that has lived and experienced the bigger picture of running a business, so even if you failed, you should be better off that someone that didn't try...

Update: formatting

Re: I am done. I give up

#104

Earlier quoted context omitted.

That depends on the person, really. When you are younger or have rich parents you can afford yourself larger risks and that in turn has a positive effect on your chances of success. When you get older and have more responsibilities unless you have a prior success you tend to become more risk averse and so less willing to start new companies and/or make the kind of decisions that would lead to either success or comple…

+1 on the nest egg. That's how I "bootstrapped", unsuccessfully, during Covid. And I got that close, some better timing and I might be running my own fleet of two leased feeder container vessels by now (seriously so, I already had offers for those). Bad timing kicked in, my prospective launch clients project fell through, and being bootstrapped meant I didn't have anything else in the pipeline. Which brought me to th…

Close call. And one other thing that nobody seems to mention either: success always comes at a price. Health, family & friendships, attitude, ethics. All of those can suffer when you're successful.

Re: I am done. I give up

#105
It is fricking hard, and I agree that the influencers sell a rosy picture. Usually it's not just a picture they're selling, too — ever noticed how many of those influencers earn money on selling services to people like you and me? All those businesses helping with marketing, analytics, E-mail campaigns, etc.

Anyway, as someone who failed a number of times and then eventually succeeded in building a stable (what is derogatively called "lifestyle") business, I'm not sure if I have good advice to offer, apart from perhaps one thing: don't do B2C, a B2B business is the only way to go.

Otherwise, it's just hard. And I agree about caring for mental health: this is important.

Re: I am done. I give up

#106
Great for you to have that experience. Isn't that what's life is for? Many people are burnt-out and hit rock bottom without doing anything exciting. Life is boring, just enjoy whatever you do, and do whatever you enjoy. You didn't choose to do it because you totally did not like it. There is nothing wrong with not succeed. Many of us do not succeed in our boring departments. Congrats on the journey you had, wish you have come out stronger and better. Look at the bright side, you probably missed many funny YouTube hours while doing your startup, so what :)

Re: I am done. I give up

#107
> I couldn't seem to get anywhere.... My efforts were fruitless

I don't quite understand. You wrote that you offered a product which solves a problem for an audience. That's an achievement! Maybe even a great achievement, depending on what the product is and how many people use it and for what. I don't mean to belittle the sting of not enough people caring, following, upvoting etc. - but if people are using your product, then you've bettered their lives, and that is commendable and admirable.

Building a successful startup is not just not-easy, it is nearly impossible, in the sense that the vast majority of start-ups fail. Indeed, some people might be in a social echo-chamber where they get a distorted sense of what's feasible and what's easy. I would say the point is not just "pushing forward", but thinking about both the future of success and the future of - quite probable - failure of a start-up initiative. Also, considering whether what you want to produce will better help humanity if you promote it via a commercial enterprise or a free/public-benefit initiative instead.

Re: I am done. I give up

#108
You are not your startup. And defining risky endeavours like entrepreneurship only by its outcome, is setting a trap for yourself.

"Giving up" never got the recognition it needs. You cannot pursue new goals without letting go of old. You cannot find a new girlfriend without "giving up" on the old.

Life is all about letting go and be open to where it takes you next.

Good luck on your journey. Although the place you are in now feels miserable you will look back at it as a defining moment where new roads opened.

Re: I am done. I give up

#109

Earlier quoted context omitted.

> A big fact of the entrepreneur world is that it is hugely based on luck. And for anything with bigger ambitions than a lifestyle business, don’t forget connections. Most founders are still men from Ivies or Stanford. Just look at the “PayPal mafia” to see how inbred tech investing can be. Not that most entrepreneurs need or should expect VC funding, but this is HN, run by a VC. You can totally run a business and be…

I wasted a decade of my life on the notion that you can bootstrap a startup. It is hard mode and the folks that are so dismissive of VC funding should have that disclaimer.

It's worth noting that investment makes building a business wildly different to bootstrapping. You stop trying to build whatever a successful business looks like to you and have to build something other people believe in. That comes with a lot of compromises, different decisions, and 'selling out'. Some founders find that change in direction very hard to accept. Bootstrapping and investment are different journeys. Neither is easier.
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