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The startup bug brings me down really hard and so far my best defense is giving a good idea away soon as I get it.
For example, my illustrious virtual assistant firewalls me from about 90% of the support load for Bingo Card Creator, which is good, because after doing it for 7 years I was starting to lose sanity points with every passing email. This frees me up to be 90%+ devoted on any given week to whatever my current priority is.
I would emphasize that when my friends and I do this sort of thing its for businesses not fun little hacky projects. Businesses pay taxes, have payrolls, etc, and don't tolerate options like "I have a simple solution for decreasing our support load. It is /dev/null all support email." all that well.
Using the 80/20 rule, 20% of the time you spend building the project will achieve 80% of the use case. The rest of the 80% time is spent on closing the 20% use case gap.
I run either three or four businesses depending on how you count them, comprising 7ish things which are separate products. I have friends who have 7 distinct businesses. At a high level of detail, the big takeaways are a) automate the #%(# out of everything, b) have procedures in place such that a large portion of the day-to-day work can be done by people other than you, and c) to the maximum extent possible, only wo…
Automate all the things, have someone handle those you can't. Gotcha, thanks again.
I'm just getting started, but I currently have 3 side-startups (more like side projects) I'm working on. I found that I needed focused, full-time work in the initial stages. Once the website reaches MVP, and has a user base building up, I am able to improve it on the side. Using the 80/20 rule, 20% of the time you spend building the project will achieve 80% of the use case. The rest of the 80% time is spent on closin…
Great gem there. I've noticed the same but hadn't had it stuck in my mind that the building stage is the most involving but after that (for most products) there is usually little to do.
I'm just getting started, but I currently have 3 side-startups (more like side projects) I'm working on. I found that I needed focused, full-time work in the initial stages. Once the website reaches MVP, and has a user base building up, I am able to improve it on the side. Using the 80/20 rule, 20% of the time you spend building the project will achieve 80% of the use case. The rest of the 80% time is spent on closin…
Do you live off of them full time? Great gem there. I've noticed the same but hadn't had it stuck in my mind that the building stage is the most involving but after that (for most products) there is usually little to do.
Once I have the third project up and running, I plan to focus on freelancing or a full-time job, and grow these on the side.
Earlier quoted context omitted.
Do you live off of them full time? Great gem there. I've noticed the same but hadn't had it stuck in my mind that the building stage is the most involving but after that (for most products) there is usually little to do.
Not yet. They're profitable but not enough to support me. Once I have the third project up and running, I plan to focus on freelancing or a full-time job, and grow these on the side.
Earlier quoted context omitted.
Not yet. They're profitable but not enough to support me. Once I have the third project up and running, I plan to focus on freelancing or a full-time job, and grow these on the side.
Sounds like a plan. Well best of luck with Flickseeker, Fitloop & Wanderdash :)
Then there is a website with a couple of small website tools like formmail, tell a friend, news, blog, and guestbook that can be downloaded. It doesn't do too badly but could do better with some effort from my side. But after 12 years, motivation is pretty low.
I also run a couple of disposable email and short URL websites that generate decent revenue via AdSense. Doesn't require much attention apart from disabling the odd spam or malware URL.
Right now I do mostly programming work, either creating web applications from scratch or adding features to existing ones. It's pretty lucrative but doesn't scale well. My time is pretty much split between programming for clients and doing work for the appointment scheduling Saas.
I think it's better to focus on one thing that do many things at the same time.
But even with one web site there is problem with focus: there are so many features that I'd like to incorporate and so few hours in a day to actually implement them.
PostJobFree generates $20K+/month revenue (gross, not net) and allows me to work full time on it.