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Thread: My first venture failed

  1. Feb 2nd, 2013, 07:09 PM #1
    OsmanS
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    Default My first venture failed

    I decided to do a blog post about why my first venture failed. I started it before I read The Millionaire Fastlane(2 years ago when I was 15) and I violated pretty much every single commandment I wrote the post as a reflection on why I failed and to learn from my failure. I'll be diving into my next venture with more experience and knowledge thanks to the first failure.





    Why My First Real Business Failed and What I Learned From Failure | Startepreneur
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  2. Feb 2nd, 2013, 07:26 PM #2
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    Good post. I checked out the rest of your blog. You might want to focus more on being an entrepreneur than blogging about it. Check this out:

    Dear Entrepreneur, Don’t Start a Blog
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    I'm not talking about making some $400'000 a year working Wall Street, flying first class and being comfortable. I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing.
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  3. Feb 2nd, 2013, 07:28 PM #3
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    I agree with that post, but at this point my blog is just sort of a diary where I can share ideas and such, not planning to make any money from it. It'll also help me set goals and hold myself accountable.
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  4. Feb 2nd, 2013, 07:29 PM #4
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    Default

    And thank you for the kind words!
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  5. Feb 2nd, 2013, 07:34 PM #5
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    Quote Originally Posted by OsmanS View Post
    I agree with that post, but at this point my blog is just sort of a diary where I can share ideas and such, not planning to make any money from it. It'll also help me set goals and hold myself accountable.
    Yeah thats the problem. This can take away much time from you. Just wanted to suggest it. I was thinking about writing a similar blog (besides the monthly entry I do here) but decided against it for the reasons in the article I linked above (before I came across it).
    I'm not talking about making some $400'000 a year working Wall Street, flying first class and being comfortable. I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing.
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  6. Feb 2nd, 2013, 07:37 PM #6
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    Yeah I gotta admit, I've been spending a lot of time thinking about new blog posts. I guess i'll have to use my time wisely. Once I earn enough money to finance my first "fastlane" venture, I'll probably quit blogging to focus on that.
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  7. Feb 2nd, 2013, 07:45 PM #7
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    You're 16 years old. Already ahead of the game. Keep it up!
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  8. Feb 2nd, 2013, 08:08 PM #8
    OsmanS
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    thanks!
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