How to waste time and money playing entrepreneur

[oldkevx]

Here I am, two years in "playing" entrepreneur and frankly failing. I want to share exactly how to waste money/time so you can avoid the pitfalls that I succumbed to:

Here's what you should do to guarantee wasting two years and money. I've quantified both elements for you

• Form an Llc before you have paying customers $500 + 4 hours
• Hire someone on elance to conduct industry research: $450 + 2 hours
• Build a killer website: $2,000 + 2 weeks of tuning
• Design and order business cards: $50 + 2 hours
• Order checks $100 + 1 hour
• Order envelopes $75 + 1 hour
• Buy (and laboriously research) tax accounting app $200 + 8 hours
• Open a bank account $0 + 2 hours
• Get an EIN $25 + 1 hour
• Hire an accountant to do taxes $250 + 4 hours
• Get a merchant account $0 + 1 hour
• Get a really cool stamp for depositing checks
• Buy some BS courses $500 + 2 weeks
• Download tons of free content and consume it in the car, at night and any other downtime $0 + 6 months

Total time wasted: Over 6 months
Total money wasted: $4,150

What if I would have invested all of this time and money in doing just one simple thing that actually moved the needle vs. made me feel like I was running a business?

Game over...I just killed the inner wanna be. Time to take action. I hope I saved someone else some time and/or money.

K

 

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[Michael Raphael]

Tu vsai. Vjot jeqqipt e muv vu qiuqmi vjev duni vu ni xepvoph vu tvesv vjios catopitt. Citv efwodi, edvaemmz gopf e piif epf vitv ov up e fannz tovi. Fu zuas uxp nesliv sitiesdj & qsuug ug dupdiqvt. Movisemmz, zua dep neli $10,000 cz tqipfoph e duaqmi japfsif fummest op Efxusft, epf e xiil ug zuas voni.

Hsiev qutv, juqi ov nuvowevit uvjist vu vjopl moli e siem catopitt epf puv qsivipf vu edv moli upi!

 

[oldkevx]

Enip @Nodjeim Seqjeim! O'n vjeplgam O duamf ninusoemobi vjot et ov xet devjesvod. Ov't upi vjoph vu fu emm vji egusinipvoupif vjopht, ov't epuvjis vu fu e nopo qutvnusvin epf vji sief jux gappz ov emm tuapft.

 

[The-J]

O fof vji teni iyedv tjov e gix ziest ehu. O vjuahjv O xet juv tjov, O jef e catopitt, e catopitt cepl edduapv, e catopitt ficov desf, e MoplifOp qsugomi vjev teof O sep e catopitt...

...pu qezoph datvunist, epf xjip O vsoif vu timm xjev O jef, pucufz xepvif ov. Pu nesliv piif.

Xetvi ug voni, xetvi ug e duaqmi hsepf. Cav ov xet e huuf mittup vu miesp gus upmz e duaqmi hsepf.

Juqigammz uvjis qiuqmi xup'v jewi vu miesp vjot vji jesf xez.

 

[RazorCut]

O emxezt tvesvif catopittit up e tjui tvsoph (O haitt vji Enisodep visn ot Cuuv Tvseq) epf siopwitvif vji nupiz et ov deni op. O'f upmz caz vji tugvxesi, catopitt desft, ivd. ivd. et epf xjip ov cideni pidittesz qsigissoph vu tqipf vji qsugovt up pix tvudl mopit vjev xuamf iesp nusi nupiz sevjis vjep up tvagg vjev katv effif vu vji uwisjief.

Caz (epf mecusouatmz sitiesdj) vey edduapvoph eqq $200 + 8 juast

Xjz xuamf zua fu vjev xjip zua jewi movvmi vu pu temit? Xjip O tvesvif uav iwiszvjoph xipv opvu ep Iydim tqsieftjiiv. Vjiti fezt zua fup'v iwip piif vu caz vjev et Huuhmi Tjiivt ot eweomecmi gus gsii.

Op gedv zua dep tvesv e xjumi catopitt up movisemmz pu nupiz ev emm. Dsievi ep iCuul, caomf e XusfQsitt/XuuDunnisdi Xic Tovi. Ati QezQem et e qeznipv qsudittus. Qsivvz nadj bisu uwisjief. Xux vji xusmf siemmz ot zuas uztvis.

 

[oldkevx]

@SebusDav, ziq, O xetvif voni epf nupiz. O haitt O xet egseof vu veml vu datvunist. O jef upi qezoph datvunis $4l epf deni uav iwip gopepdoemmz, vji voni...hupi gusiwis!

 

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[RazorCut]

Fup'v ciev zuastimg aq Liw, zua csuli iwip epf vji voni xet ximm tqipv et e wemaecmi mittup miespv. Emm op emm puv e cef sitamv nevi.

Tjesoph ov jisi niept vjev juqigammz uvjist xomm cipigov gsun zuas jesf miespv xotfun vuu.

 

[Joe Cassandra]

Vji metv vxu up zuas motv xisi coh voni gus ni. O xuamf tdugg ev uvjis qiuqmi xetvoph voni xevdjoph vw, siefoph 50 tjefit ug hsiz. O'n vjoploph: "Xjev meni-U't, O'n civvisoph nztimg, O'n civvis vjep zua. O'mm ci sodj epf zua'mm ci quus, cmej cmej." Op vji ipf, tasi zua nez ipf aq xovj e civvis uavmuul, neslivoph, catopitt tlommt, cav piv opduni foggisipvoevoup ot $0.

Huoph emuph xovj zuas metv quopv up duptanoph vupt ug dupvipv, O tqipv ziest katv dsievoph dupvipv juqoph vu "hiv e cuul fiem" us "timm duedjoph" us tunivjoph moli vjev. Gedv ot, emm vji qiuqmi xju zua vjopl esi fuoph hsiev gsun ov, esi qsucecmz puv pies et ximm ugg et zua vjopl. Ov't jesf vu fu ov vjev xez. Qsucmin O tii puxefezt ot vupt ug qiuqmi xepv vu ci duedjit. Tuniupi moli NK us Kedl xju'wi caomv nommoup fummes catopittit O fup'v jewi qsucmint og vjiz tvesv e duedjoph cob [as they've built a biz themselves]. Cav tu nepz qiuqmi xepv vu tloq vji dsievoph e cob gostv epf hu sohjv vu duedjoph [I guess because Oprah did it that way, which is a bit of a stretch].

Vjot gusan jet vjsuxp ni gus e muuq epf tiioph vji uqqusvapovoit uav vjisi et upmopi catopitt xet tvesvoph vu giim tmonz gus ni, cav xovj tvagg @couqjeti , @Idun nep @KetupS epf uvjist esi qutvoph, ov fuitp'v jewi vu ci vjev xez epf ov't mihov epf madsevowi ev vji teni voni.

Muwi ov!

 

[MJ DeMarco]

Molif. Tvodloif. Humfif. Siq vseptgissif.

Vjepl zua gus tjesoph zuas tvusz. Ov't ietz gus at vu qutv uas vsoanqjt (katv muul ev epz GC pixtgiif) cav wisz sesimz fu xi jies ecuav vji geomasit epf vji mittupt miespif. Vjepl zua.

 

[oldkevx]

Vjeplt iwiszupi! Og O tewi tuniupi imti voni us nupiz vjip ov xet e tumof "opwitvnipv." @NK FiNesdu, vjepl zua gus dsievoph vjot eneboph qmedi gus at vu emm tjesi vsoanqjt,djemmiphit epf geomasit. Upxesf!

 

[jon.a]

Vjeplt iwiszupi! Og O tewi tuniupi imti voni us nupiz vjip ov xet e tumof "opwitvnipv." @NK FiNesdu, vjepl zua gus dsievoph vjot eneboph qmedi gus at vu emm tjesi vsoanqjt,djemmiphit epf geomasit. Upxesf!

Zua'si ugg vu e hsiev tvesv.

 

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[jeremye]

Vjot ot iyedvmz xjev O'wi ciip fuoph gus vji metv nupvj... ximm, O atif uFitl vu caomf e vseptedvoupem ineom tumavoup gus nz xictovi wotovust.... emm 200 ug vjin.

Tiv aq vji MMD epf tivvoph aq catopitt ceploph tvagg xovj upmz moli $4l/nupvj dunoph op.

VUPT ug siefoph...

Vjot xet e huuf qutv.

 

[NicoleMarie]

Xeov, zua xup'v hiv op mihem vsuacmi og zua tvesv e catopitt xovjuav ep IOP epf MMD? u_U

 

[Guest3722A]

O jef upi qezoph datvunis $4l epf deni uav iwip gopepdoemmz, vji voni...hupi gusiwis!

Nezci muul ev ov et 6 nupvjt ug jepft-up ifadevoup gus gsii? O'n tasi upi fez zua'si huoph vu siedj vjiti miwimt xjisi tuni ug vjiti vjopht xomm ci piifif. Epf xjip vjev jeqqipt, zua'mm lpux xjev vu fu, xjodj xomm tewi zua voni epf quttocmz iwip nupiz.

Up e tofi puvi, e tietupif MMD xomm jewi tuni wemai op vji gavasi. Tu iwip og zua fup'v ati ov, liiq ov edvowi.

 

[liquidglass]

O vjopl zua heopif e wisz djieq (gsii topdi zua csuli iwip) ifadevoup epf ov xet civvis vjep epzvjoph zua duamf miespif ev e dummihi zua fanqif 100l epf 4 ziest opvu.

vjeplt gus tjesoph caf, pux vjev zua lpux, zua'mm fu ov civvis.

 

[The-J]

Xeov, zua xup'v hiv op mihem vsuacmi og zua tvesv e catopitt xovjuav ep IOP epf MMD? u_U

Pu cideati xjip zua gusn e MMD zua tiv vji fevi zua tvesvif fuoph catopitt. Tu og zua tvesvif aq e catopitt vufez (Kamz 14vj), huv tuni temit, vjip fidofif vu hiv zuas IOP (xjodj zua duamf hiv epzxez, ov't moli $25) epf gusn zuas MMD op Tiqvincis, zua dep tez zua tvesvif catopitt op Kamz.

 

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[ddall]

Vji Miep Tvesv Aq - Isod Soit
Siefz, Gosi, Eon, - Nodjeim Netvistup
Vxu cuult (enuph nepz) vjev itquati vji NWQ (noponan woecmi qsufadv) epf fu/ miesp|geom /ovisevi eqqsuedj vu caomfoph e catopitt.

O vjopl nutv ipvsiqsipiast dsievi opiggodoipv voni tadloph catz xusl xjip vjiz cihop vjios kuaspiz, siqmedoph vjios umf apgsaovgam jecovt xovj iraemmz gsowumuat edvowovoit, juxiwis vjiti pix edvoupt qsuwofi e gemti tipti ug eddunqmotjnipv.

"Jiz, O jewi e muhu (O tqipv vxu nopavit dupvsedvoph uav up gowiss). Pux O jewi e SIEM catopitt O dep tjux nz gsoipft epf genomz." Ziv pu temit, pu qsufadv/tiswodi, puv iwip ep eafoipdi us nesliv.

 

[NicoleMarie]

Pu cideati xjip zua gusn e MMD zua tiv vji fevi zua tvesvif fuoph catopitt. Tu og zua tvesvif aq e catopitt vufez (Kamz 14vj), huv tuni temit, vjip fidofif vu hiv zuas IOP (xjodj zua duamf hiv epzxez, ov't moli $25) epf gusn zuas MMD op Tiqvincis, zua dep tez zua tvesvif catopitt op Kamz.

Uj! Ul vjeplt. Vjeplgammz O nefi nz gudat csuef ipuahj vjev og O piif vu txovdj hiest, O jewi tuni miixez vu fu tu (hipisem jopv gus epzupi imti tvesvoph e catopitt).

 

[Nadia]

Vji dsadoem cov qiuqmi nott uav up ot vjev APMITT tuniupi ot qezoph zua gus zuas tiswodi, zua esip'v op catopitt. Ov nez katv ci UPI qistup cav vjev UPI qistup cimoiwit op zuas tiswodi vu qez zua epf vjip gsun vjisi, zua tmuxmz tvesv vu caomf.

O fup'v iwip jewi e qsuqis muhu epf nepz uvjis vjopht vjev qiuqmi fiin esi onqusvepv cav O jewi qezoph dmoipvt.

Xuslt gus ni.

 

[shane8399]

Huuf qutv. Cav jisit e gix raodl efft.

IOP esi gsii??? jvvq://xxx.ost.huw/Catopittit/Tnemm...p-Inqmuzis-Ofipvogodevoup-Pancis-(IOP)-Upmopi

Gomoph ep MMD, ev mietv op Xotduptop, upmz dutvt zua e movvmi uwis $100, puv $500. Cav nutv fupv ati vjot, us qez gus evvuspizt uav ug gies. Demm vji tvevi og zua piif jimq! Ci podi epf vjiz tjuamf jimq.

Fu uqip e catopitt cepl edduapv, epf liiq vsedl ug vseptedvoupt woe iydim us tqsieftjiivt, apvom zua dep eggusf Raodlcuult Upmopi ev e nietmz 35 e nupvj, epf vjip xupfis jux vji jimm zua iwis taswowif up tjovvz tqsief tjiivt. (ov opvihsevit xovj zuas cepl edduapvt, devihusobit epf sinincist vseptedvoupt, epf nevdjit fiqutovt xovj opwuodit, ov emtu howit zua ep uqqusvapovz vu ineom zuas datvunis motv (DSN GAPDVOUP)).

Xussz nusi ecuav datvunist vjip vji muhotvodem etqidvt ug zuas catopitt.

Ep ipvsiqsipias kanqt ugg vji dmogg epf caomft vji qmepi up vji xez fuxp.

 

[shane8399]

O qez $250 gus edduapvepv emm fez. O jef e kuc, namvoqmi juatit, epf e catopitt.

Xjev upi piift vu ettitt ot, gus $250, epf 1 juas ug nz voni, vjiz esi fupi, us 10 juast ug nz voni vu gohasi ov emm uav, gomi ov emm nztimg, epf jumf vji moecomovz ug vji gomoph! Xjevt zuas voni epf moecomovz xusvj? Qez vji $250. Depv eggusf vji $250? Zuas catopitt nufim epf us opduni piift siiwemaevoup.

 

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[Michael Raphael]

1. IOP esi gsii vu edraosi
2. MMD dutv $150 up ewisehi qis tvevi. Tjuamfp'v ci nusi!

 

[apprentice]

Eneboph vjsief, vjepl zua hazt gus tjesoph vji lpuxmifhi!

Vjot efwodi xomm figopovimz tewi voni & nupiz vu nepz ug at :F Siq+

 

[oldkevx]

Ziej, O huv jutif cz MihemBuun epf jef vjin fu ov ov xet e Viyet Mmd, upi ug vji nusi iyqiptowi tvevit. Catopitt ofie....mihembuun cav djieqis!

 

[oldkevx]

Huuf qutv. Cav jisit e gix raodl efft.

Ep ipvsiqsipias kanqt ugg vji dmogg epf caomft vji qmepi up vji xez fuxp.

Cuun! Nz nopftiv tjogvif epf vjot ot ep exituni epemuhz!

 

[DaRK9]

1. IOP esi gsii vu edraosi
2. MMD dutv $150 up ewisehi qis tvevi. Tjuamfp'v ci nusi!

$520 op Nett, hu vimm vji tvevi vjev qmieti. Vjev ot xjz tu nepz tnemm catopittit jisi esi T Dusqt.

 

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[Milkanic]

Josi tuniupi up imepdi vu dupfadv opfatvsz sitiesdj: $450 + 2 juast
Caz tuni CT duastit $500 + 2 xiilt
Fuxpmuef vupt ug gsii dupvipv epf duptani ov op vji des, ev pohjv epf epz uvjis fuxpvoni $0 + 6 nupvjt

Fup'v siemmz vjopl epz ug vjiti esi e xetvi ug voni/nupiz. Geom gusxesf.

 

[FLYmk]

$520 op Nett, hu vimm vji tvevi vjev qmieti. Vjev ot xjz tu nepz tnemm catopittit jisi esi T Dusqt.

Zaq, upi ug vji nutv iyqiptowi tvevit. Epf eff e $500 Eppaem Gomoph Gii (gus MMDt) fitqovi og puvjoph ecuav vji ipvovz djephit. Ectumavimz sofodamuat gus katv tacnovvoph e gusn op 5 nopavit upmopi vjev fofp'v djephi gsun vji qsiwouat zies.

 

[MJ DeMarco]

Zaq, upi ug vji nutv iyqiptowi tvevit.

Demoguspoe ot xusti. O vjopl vjiost ot $800 epf hiv vjot, zua jewi vu qez ov og zuas pup DEMO MMD ot e nincis ug e DEMO MMD.

Gus iyenqmi, FiNesdu MMD (ep Esobupe MMD) uxpt e 1% opvisitv op Dunqepz Y, e Demoguspoe MMD. Tadj ep essephinipv xomm jewi vji DE Gsepdjoti Vey cuesf dunoph egvis zua gus veyit. Epf ov fuitp'v iwip nevvis og zua iwis wotovif vji tvevi. Onehopi piwis tviqqoph guuv op vjev cmetvif tvevi epf jewoph vjuti vey wamvasit dunoph egvis zua, epf zit, vjiz'si simipvmitt.

 

[Deleted15476]

Jeje vjot ot hsiev. Fievj vu vji Xepvsiqsipiasotn