Hello All,
I feel like I am having a bit of an identity crisis (not really lol). However I'm having a tough time choosing the sort of business life I want to live. I'm being faced with opportunities to grow my business with a large time investment OR live passively. I am curious to hear how some have evaluated their own choices with time investments into their businesses, or have advice.
I run a SAAS service used by other businesses. When I thought of starting a business, and read what MJ said about passivity, I honestly thought about being able to travel, earn money while sleeping, go to movies during the day, play videogames. And to be honest, that's kind of how it was for 6 months. However, it's grown without even much effort to the point that I'm back to working 10 hour days doing administrative crap, traveling to meetings, leasing an office, entertaining possible offers for VC financing, government grants to hire more developers, etc.
I know these are good problems - but I live low means, profiting 10-15k a month when I only need $1k to live. Half of me listens to guys like grant cardone saying "you have to reinvest, the 'poor' freedom is a lie and you're being selfish for not growing,etc" and really want to grow. But I'm also wondering if this is a scripted doctrine? The last year I've made more money than ever, but it went by in a flash because I was working non-stop, just like I did in my previous career. I know guys like @eliquid mentioned running multiple extremely profitable businesses without the headache of employing people and running huge operations.
Anyway! I am curious how some other people operate or what your advice might be.
I feel like I am having a bit of an identity crisis (not really lol). However I'm having a tough time choosing the sort of business life I want to live. I'm being faced with opportunities to grow my business with a large time investment OR live passively. I am curious to hear how some have evaluated their own choices with time investments into their businesses, or have advice.
I run a SAAS service used by other businesses. When I thought of starting a business, and read what MJ said about passivity, I honestly thought about being able to travel, earn money while sleeping, go to movies during the day, play videogames. And to be honest, that's kind of how it was for 6 months. However, it's grown without even much effort to the point that I'm back to working 10 hour days doing administrative crap, traveling to meetings, leasing an office, entertaining possible offers for VC financing, government grants to hire more developers, etc.
I know these are good problems - but I live low means, profiting 10-15k a month when I only need $1k to live. Half of me listens to guys like grant cardone saying "you have to reinvest, the 'poor' freedom is a lie and you're being selfish for not growing,etc" and really want to grow. But I'm also wondering if this is a scripted doctrine? The last year I've made more money than ever, but it went by in a flash because I was working non-stop, just like I did in my previous career. I know guys like @eliquid mentioned running multiple extremely profitable businesses without the headache of employing people and running huge operations.
Anyway! I am curious how some other people operate or what your advice might be.
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