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- May 31, 2021
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Some Background :-
I'm 24 years old working 9 to 9, I have 5 years of experience as a full stack sofware developer in India and doing quite well relative to the standards out here in terms of skill & technical knowledge. But i'm starting to get quite frustrated as for 8 months I've been overworked and underpaid(only 10% salary increament) which I realized after stumbling upon MJ DeMarco from Reddit. So I left the job for the good.
Problem Statement :-
I've read TMF and Unscripted , and the term CENTS is by far the most interesting topic I've found. But something's not clicking in my mind about the Control, Entry and Need part. The Time and Scale is self-explanotory and easy to understand.
Control :- The foundation of which our business is on should be controlled by ourselves and not by any external entity or person.
Entry :- The business we're going to start should be difficult to bootstrap and not any gamer from his moms basement should even think about it.
Need :- The product or service our business is going to offer should be wanted or needed
Now this is surely what all the good startups are doing, I surely can't replicate The Fastlane Forum(TFF) easily, and TFF is needed by people looking out for advice like I am, and it's surely not controlled by external entity but by MJ DeMarco himself.
I also know as per mentioned in the book that any business doesn't have to immediately fullfil all of the CENTS as it's going to sacrifice one over another until it's established.
But when I tried doing this for my Software Development Freelancing adventure, I couldn't find any client organically or outreaching. I never used Upwork, Fiverr & others as they're called external entity and not controlled by me. I looked for the demand for the services and found out it was quite decent also I was having decent volume in the job. Also not every gamer can code like a 5 year experienced developer so it's quite good for entry as well.
It seems like my mind can't think of CENTS but some vague argument over why should I not start a particular business rather than starting one.
The problem is I can't just go and start coding a SaaS software myself right? As It will take ages for me to even develop a minimum viable product(MVP). I might just need to invest money in millions to research for niche, supply & demand, development & operations just to get bootstraped as a SaaS right?
Now it's been 2 months I've got no results and comtemplating joining a job again. If there's any advice you have please do enlighten me. I really had high hopes from myself but difficult to have counterintiutive beliefs like MJ has.
Final words :-
The funny part is I found TFF before I found MJ DeMarco LOL!
I'm new to the business world and my belief has shifted after the books because I thought all rich people were privileged and those who weren't and still made it were just simply outiers and it's an unrealistic standards to have.
I'm so lucky to have found this forum as I was going all over the place on internet like discord, reddit & youtube but couldn't find any relevant information as everyone is selling course nowadays for their own good. I don't know who to trust and whom to not anymore online. I tried to meet a successful local entreprenuer irl but all he had to offer was philosophy & psychology.
I have completely avoided indulging in Anti CENTS buisness models from the get go like Dropshipping, Affiliate Marketing, YouTube, Selling Course, Coaching business, Crypto, Newsletters, Self-Publishing, Blogging, Trading, Influencer and the list goes on.
Any business model other than freelancing I learn about seems to have strong counter argument and doesn't fit in CENTS well. Maybe I'm completely wrong about my understanding of CENTS, I don't know what do anymore LOL
I'm 24 years old working 9 to 9, I have 5 years of experience as a full stack sofware developer in India and doing quite well relative to the standards out here in terms of skill & technical knowledge. But i'm starting to get quite frustrated as for 8 months I've been overworked and underpaid(only 10% salary increament) which I realized after stumbling upon MJ DeMarco from Reddit. So I left the job for the good.
Problem Statement :-
I've read TMF and Unscripted , and the term CENTS is by far the most interesting topic I've found. But something's not clicking in my mind about the Control, Entry and Need part. The Time and Scale is self-explanotory and easy to understand.
Control :- The foundation of which our business is on should be controlled by ourselves and not by any external entity or person.
Entry :- The business we're going to start should be difficult to bootstrap and not any gamer from his moms basement should even think about it.
Need :- The product or service our business is going to offer should be wanted or needed
Now this is surely what all the good startups are doing, I surely can't replicate The Fastlane Forum(TFF) easily, and TFF is needed by people looking out for advice like I am, and it's surely not controlled by external entity but by MJ DeMarco himself.
I also know as per mentioned in the book that any business doesn't have to immediately fullfil all of the CENTS as it's going to sacrifice one over another until it's established.
But when I tried doing this for my Software Development Freelancing adventure, I couldn't find any client organically or outreaching. I never used Upwork, Fiverr & others as they're called external entity and not controlled by me. I looked for the demand for the services and found out it was quite decent also I was having decent volume in the job. Also not every gamer can code like a 5 year experienced developer so it's quite good for entry as well.
It seems like my mind can't think of CENTS but some vague argument over why should I not start a particular business rather than starting one.
The problem is I can't just go and start coding a SaaS software myself right? As It will take ages for me to even develop a minimum viable product(MVP). I might just need to invest money in millions to research for niche, supply & demand, development & operations just to get bootstraped as a SaaS right?
Now it's been 2 months I've got no results and comtemplating joining a job again. If there's any advice you have please do enlighten me. I really had high hopes from myself but difficult to have counterintiutive beliefs like MJ has.
Final words :-
The funny part is I found TFF before I found MJ DeMarco LOL!
I'm new to the business world and my belief has shifted after the books because I thought all rich people were privileged and those who weren't and still made it were just simply outiers and it's an unrealistic standards to have.
I'm so lucky to have found this forum as I was going all over the place on internet like discord, reddit & youtube but couldn't find any relevant information as everyone is selling course nowadays for their own good. I don't know who to trust and whom to not anymore online. I tried to meet a successful local entreprenuer irl but all he had to offer was philosophy & psychology.
I have completely avoided indulging in Anti CENTS buisness models from the get go like Dropshipping, Affiliate Marketing, YouTube, Selling Course, Coaching business, Crypto, Newsletters, Self-Publishing, Blogging, Trading, Influencer and the list goes on.
Any business model other than freelancing I learn about seems to have strong counter argument and doesn't fit in CENTS well. Maybe I'm completely wrong about my understanding of CENTS, I don't know what do anymore LOL
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