16 yr OLD Indian, Stuck in shitHole, Looking for a way out.

[raj163622o]

<div class="bbWrapper">I just read the millionaire fastlane and before reading that o already Was thinking about Starting a Marketing agency. HERE&#039;S MY BUSINESS PLAN LOL- <br /> 1) I know that there isn&#039;t much success in this field.(But this surely can get me some money in my hands, For further investment)<br /> 2) i ve read the fastlane so i wont trade my time for money ( i would hire people to work for me)<br /> 3) The biggest issue i am facing is that i am new and i dont really have any past case studies, So its really hard to convince people.<br /> 4) I also have pressure from my teachers parents etc. ALL Scolding my a$$ up For poor damn scores. <br /> 5) i have a future startup idea. And I thought that i lf i start an advertising agency , then invest the money in my New startup idea and Boom im an entrepreneur, but things doesn&#039;t seem to go that way</div>

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[Mikkel]

<div class="bbWrapper"><blockquote data-attributes="member: 116199" data-quote="raj163622o" data-source="post: 1032151" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=1032151" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-1032151">raj163622o said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> 5) i have a future startup idea. And I thought that i lf i start an advertising agency , then invest the money in my New startup idea and Boom im an entrepreneur, but things doesn&#039;t seem to go that way </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>What are the chances that you will run a semi-successful advertising agency that you can then use to fund a new start-up idea?<br /> <br /> Why not go all in on your new start-up idea? What are the barriers that limit you from starting now? If it is money, can you work out a way to do a &quot;lean startup?&quot;<br /> <br /> Maybe see if you can start a business that costs very little money that could naturally grow into your &quot;new start-up idea.&quot;<br /> <br /> It is hard to give specific suggestions since I have no idea what the new start-up is, but I would say that most business ideas have the ability to create a cheap minimally viable product to sell or you could strike up some deal with someone where you both offer mutual benefit to each other but you don&#039;t have to put up capital. &lt;-- This is what I am currently doing.</div>

 

[raj163622o]

<div class="bbWrapper"><blockquote data-attributes="member: 38275" data-quote="Mikkel" data-source="post: 1032154" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=1032154" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-1032154">Mikkel said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> What are the chances that you will run a semi-successful advertising agency that you can then use to fund a new start-up idea?<br /> <br /> Why not go all in on your new start-up idea? What are the barriers that limit you from starting now? If it is money, can you work out a way to do a &quot;lean startup?&quot;<br /> <br /> Maybe see if you can start a business that costs very little money that could naturally grow into your &quot;new start-up idea.&quot;<br /> <br /> It is hard to give specific suggestions since I have no idea what the new start-up is, but I would say that most business ideas have the ability to create a cheap minimally viable product to sell or you could strike up some deal with someone where you both offer mutual benefit to each other but you don&#039;t have to put up capital. &lt;-- This is what I am currently doing. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>My startup is about creating an app just like Instagram but better and different <br /> 1) Everyone will be anonymous <br /> 2) i will have no politics Just all the fun stuff<br /> (Basically be something that people get reward for saying the funniest stuff, in form of tokens)<br /> 3) it will have a custom meme builder editor<br /> 4) You can say anything, just has to be away from outside world. ( away from all the -vity )<br /> 5) You can Held an online Standup Comedy show in there<br /> 6) It will have reels , But No sexual stuff<br /> 7) people can create profiles, upload photos <br /> But face should be blurred out, (compulsory)<br /> 8) Basically a community of light hearts Around the world , Having funn.<br /> <br /> I would love your feedback</div>

 

[maverick]

<div class="bbWrapper">3) it will have a custom meme builder editor<br /> <br /> Build this first as standalone product.</div>

 

[Vinz]

<div class="bbWrapper"><blockquote data-attributes="member: 12664" data-quote="maverick" data-source="post: 1032173" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=1032173" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-1032173">maverick said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> 3) it will have a custom meme builder editor<br /> <br /> Build this first as standalone product. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Very great idea<br /> The &quot;Instagram/facebook&quot; but better &quot;projects&quot; just ignore the scope, userbase that these social medias have behind <br /> You will find many posts on here of people trying to build the next facebook or insta. <br /> Not to bring down your ideas, but just to be realistic</div>

 

[Mikkel]

<div class="bbWrapper"><blockquote data-attributes="member: 116199" data-quote="raj163622o" data-source="post: 1032160" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=1032160" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-1032160">raj163622o said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> My startup is about creating an app just like Instagram but better and different<br /> 1) Everyone will be anonymous<br /> 2) i will have no politics Just all the fun stuff<br /> (Basically be something that people get reward for saying the funniest stuff, in form of tokens)<br /> 3) it will have a custom meme builder editor<br /> 4) You can say anything, just has to be away from outside world. ( away from all the -vity )<br /> 5) You can Held an online Standup Comedy show in there<br /> 6) It will have reels , But No sexual stuff<br /> 7) people can create profiles, upload photos<br /> But face should be blurred out, (compulsory)<br /> 8) Basically a community of light hearts Around the world , Having funn.<br /> <br /> I would love your feedback </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>Sounds kind of like 1/2 of Twitter. How would you force no politics and make it light hearted.<br /> <br /> How do you plan to make money?<br /> <br /> How do you plan to monitor certain speech the governments force you to monitor?<br /> <br /> Building the next social media is bold. Not saying you should or should not try, you probably should try. However, the likelihood of this succeeding is slim, mainly because Facebook, Insta, etc has created heavy regulations specifically to make it very expensive to enter into their space due to compliance.<br /> <br /> However, my original point stands. Your marketing agency isn&#039;t going to be able to fund this project, realistically. Find someone who is willing to work with you for equity. You just have to figure out what you can bring to the table, and the idea is not going to be enough.</div>

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)