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Recent content by whyphilip

  1. W

    Starting a web design business but my mindset is horrible.

    INTRO 
    For motivation, pick up Steven Pressfield´s The War of Art. It'll be at your library. I found I kept putting it down to do work. But high school is mostly a full time job already, especially if you're trying to get good grades, so don't be too hard on yourself. For the business, follow Blair...
  2. W

    $100m business idea. Need some advice on a life changing business prototype.

    EXECUTION 
    I've read this thread and still don't know what product you're building. Is it just a marketing agency? A competitor to Instagram? Or to social media management apps like Hootsuite? But no matter the plan, the concerns I see are the key differentiators customer service investors don't like...
  3. W

    Hit $2 Million Net Worth This Year!

    EXECUTION 
    Very impressive and I hope your condition becomes manageable soon. Agree with MJ about hiring/managing. A good book for management (and really any small business owner) is The E-Myth Revisited by Michael Gerber. It talks about setting up systems and processes in detail that anyone can follow...
  4. W

    Hyperinflation starting? What's happening in your area? Post your ground reports.

    HOT! INVESTING 
    Interesting question. I spent a year abroad in 2017 and when I came back I saw restaurant prices had gone up considerably, but not much since then. I've been reading a lot of RE news this past year. Big story is that since the pandemic granted so many people the ability to work remotely (not...
  5. W

    Would taxing the wealthy make things more expensive?

    OFF-TOPIC TAXES | REGS 
    I don't think taxing businesses makes them rise to the challenge, it was said they expand. Meaning they invest more in their growth and show less profit, hence less taxes. Only profit is taxed. Another way to put it is you can increase revenue while lowering your profit. Note for years Amazon...
  6. W

    How do you get the most out of tutorials/Udemy courses?

    SIDE HUSTLE WEB DESIGN 
    I'm sorry for the late reply. To be honest, I had to cut this down and it's still long. Big subject. Challenge #1 for all learners is the tradeoff between learning how to do something useful and being frustrated at a lack of understanding of the useful code. All good programmers go through...
  7. W

    How do you get the most out of tutorials/Udemy courses?

    SIDE HUSTLE WEB DESIGN 
    First, I have to apologize. I should have looked at your profile. I didn't realize you were 20 and in university. That's a great place to be, lot of potential and energy. I do want to clear up two things though. I never said nor implied you must go to university, nor that professors have "some...
  8. W

    Accidentally Killed Porn and Politics in my college...what next?

    I don't know anything about your SaaS/startup, but few know startups better than Paul Graham. 10. Avoid distractions. Nothing kills startups like distractions. The worst type are those that pay money: day jobs, consulting, profitable side-projects. The startup may have more long-term...
  9. W

    Is anyone a nomad?

    HOT! MINDSET 
    Late to the discussion, but I've done this twice, living in 6 countries. The ideal way is in line with most on this forum. You have an e-business you can work on from anywhere. And that business is thriving, allowing you to live a life of the 1960's jet setters or current trust fund kids...
  10. W

    How do you get the most out of tutorials/Udemy courses?

    SIDE HUSTLE WEB DESIGN 
    My background: I have a CS degree, worked as a software professional for over 20 years, and have learned 16 different programming languages. I also ran a tech interview study group and the largest Java user group in SoCal. The following is not meant to be discouraging, just honest. I think...
  11. W

    My SaaS is rolling (slowly)...now, how to accelerate?

    SAAS / APPS 
    Hi Don, some quick thoughts: If you are doing PPC/analytics well, you should see the path to purchase clearly. Most importantly the search terms used to find your product. Use that to refine marketing copy and future campaigns. Specifically, use that (and your current customer base) to...
  12. W

    My SaaS is rolling (slowly)...now, how to accelerate?

    SAAS / APPS 
    Is it against the rules to say what your business is? Hard to give any pointers without knowing what your product is, who the audience is, seeing your site, marketing copy, etc. We don't even know if it's B2C or B2B. I assume if you're making sales from PPC, it's not enterprise software, but...
  13. W

    Outsourcing to a web developer

    SOURCING 
    Full disclosure: I'm a consulting CTO, so helping founders/companies bring software products to market is what I do. But I'm not here to sell you. Others didn't say this specifically, but the concern is that B2C marketplaces have perhaps the highest failure rates because it's on you to create...
  14. W

    Can I not be famous while being a very successful entreprenuer?

    Not only is everyone correct, but there was a major bestseller (with several follow-ons) on exactly this topic: The Millionaire Next Door by Thomas J. Stanley and William D. Danko https://en.wikipedia.org/wiki/The_Millionaire_Next_Door
  15. W

    How would you spend $1 million dollars and get no sellable value from it?

    HOT! 
    First, I'm shocked nobody has mentioned the film Brewster's Millions (1985). Plot: A minor league baseball player has to spend $30 million in thirty days, in order to inherit $300 million. However, he's not allowed to own any assets, destroy the money, gift it, give it to charity or tell anyone...
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