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How Seth Godin would launch a business on a $1,000 budget

indiehackers.com

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Re: How Seth Godin would launch a business on a $1,000 budget

#31
post #3

A better guide would be how to launch a business on a budget of 45 minutes a day. I'm sure that's the bigger challenge for most of us

Outsourcing.

I 've been a wantrepreneur almost a decade now (although the last couple of years I have almost accepted defeat) and what I have realized is that if you can't find the time then probably outsourcing is the best solution.

That or start small. Really small.

Re: How Seth Godin would launch a business on a $1,000 budget

#32

Seems like fluff junk. I've noticed a lot of these indiehackers posts are either a 1000 word post that could be distilled to a few bullet points of common sense or are just extrapolating on survivorship bias.

So I spent a few days mesmerized by Jocko Willink, the ex-marine turned motivational coach until I realized all of these people are saying the same: stop daydreaming and keep doing something until it hurts and then continue some. This is obviously survivorship bias. Everyone who has gone out and achieved success has started by starting. There is no success story that starts without this initial spark and usually a lo…

tiny little nitpick: Jocko was a Navy SEAL, not a Marine.

Re: How Seth Godin would launch a business on a $1,000 budget

#33

Seems like fluff junk. I've noticed a lot of these indiehackers posts are either a 1000 word post that could be distilled to a few bullet points of common sense or are just extrapolating on survivorship bias.

I think there's a real problem with bootstrapped (as compared to VC funded) business getting any coverage/press recognition and IndieHackers neatly fills that void.

I know a handful of people making $350k+ a year with a bootstrapped business (small SAAS, info products/courses, etc.) but even with that knowledge I'm consistently impressed with the different paths that the people interviewed on IndieHackers have taken.

I don't know you or your background, so there's a decent chance you're already one of these people. But, I do think there is value for many developers and technical people in seeing that you can do something reasonably sized on your own and make significantly more than you might at an office job.

Re: How Seth Godin would launch a business on a $1,000 budget

#34
post #3

A better guide would be how to launch a business on a budget of 45 minutes a day. I'm sure that's the bigger challenge for most of us

Assuming it's because you have a full-time job that takes the majority of your time:

1. Cut your expenses

2. Go to your boss, negotiate working part time

3. Use this time to start your side project

4. Make sure you don't use you company's equipment, make sure you don't work on your project during the time you're supposed to do your regular work.

Re: How Seth Godin would launch a business on a $1,000 budget

#35
post #13
post #3

A better guide would be how to launch a business on a budget of 45 minutes a day. I'm sure that's the bigger challenge for most of us

This! Time is so much more valueable than $1k.

Or maybe it's "the someone" that would tell you how to spend your free time and money that would be more valuable...

Re: How Seth Godin would launch a business on a $1,000 budget

#36
post #34
post #3

A better guide would be how to launch a business on a budget of 45 minutes a day. I'm sure that's the bigger challenge for most of us

Assuming it's because you have a full-time job that takes the majority of your time: 1. Cut your expenses 2. Go to your boss, negotiate working part time 3. Use this time to start your side project 4. Make sure you don't use you company's equipment, make sure you don't work on your project during the time you're supposed to do your regular work.

Have you successfully followed this plan? It seems to have a couple of holes in it.

I tried #2 at 3 separate jobs over 10 years, to no avail. Best I got was "does it have to be on the books?" i.e. I could call in sick or take random afternoons off and my manager would look the other way. If you are in demand, companies want you to work more, not less.

I was, however, able to negotiate 80% time at my last job, because I made it a condition of my employment before I started working. But that was a hard sell too. In particular they wanted to make sure I was not going to be moonlighting with my extra time. I don't agree with that attitude (my personal projects certainly take a lot of time and energy, even though I'm not making any money with them), but that's how the market works, even for a software engineer.

Re: How Seth Godin would launch a business on a $1,000 budget

#37
post #31
post #3

A better guide would be how to launch a business on a budget of 45 minutes a day. I'm sure that's the bigger challenge for most of us

Outsourcing. I 've been a wantrepreneur almost a decade now (although the last couple of years I have almost accepted defeat) and what I have realized is that if you can't find the time then probably outsourcing is the best solution. That or start small. Really small.

Depending on the job but finding the right people to outsource to seems sometimes more work than actually doing the project myself.

Re: How Seth Godin would launch a business on a $1,000 budget

#38

I started my business with less than $1000. I worked a full-time job and built my first video game product ( http://store.steampowered.com/app/386900/The_Cat_Machine/ ) by waking up earlier in the morning to get an hour or two in before my 'real' job, and working Saturdays, and doing that for a year. I found customers by putting an enormous about of effort into marketing, and finding only some of it paid off (but wha…

I know someone who has written two hugo-nominated sci-fi novels, but otherwise lives a typical 9-to-5 work life. I finally asked how he gets his writing done and learned that he wakes up at 5am each day. According to him, "the first thing you do every day is the most important thing".

But then you need to be extremely driven. There are very few things in life I would be willing to sacrifice sleeping a little bit longer for.

Re: How Seth Godin would launch a business on a $1,000 budget

#39
post #34

Earlier quoted context omitted.

Assuming it's because you have a full-time job that takes the majority of your time: 1. Cut your expenses 2. Go to your boss, negotiate working part time 3. Use this time to start your side project 4. Make sure you don't use you company's equipment, make sure you don't work on your project during the time you're supposed to do your regular work.

Have you successfully followed this plan? It seems to have a couple of holes in it. I tried #2 at 3 separate jobs over 10 years, to no avail. Best I got was "does it have to be on the books?" i.e. I could call in sick or take random afternoons off and my manager would look the other way. If you are in demand, companies want you to work more, not less. I was, however, able to negotiate 80% time at my last job, because…

I have. Built a multi-million dollar company this way.

Re: How Seth Godin would launch a business on a $1,000 budget

#40
post #37
post #31

Earlier quoted context omitted.

Outsourcing. I 've been a wantrepreneur almost a decade now (although the last couple of years I have almost accepted defeat) and what I have realized is that if you can't find the time then probably outsourcing is the best solution. That or start small. Really small.

Depending on the job but finding the right people to outsource to seems sometimes more work than actually doing the project myself.

You are probably right. I must admit that I have actually never outsourced anything. But it seems to me this is the way to go.

Maybe the problem of finding the right people to outsource to, is actually a business idea? Not like the existing sites like odesk (they are called upwork now?) are providing but something like a curated list of people of various disciplines to outsource to?

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