How hard is it really to start, run & maintain a sustainable business?

[brief]

Hi everyone,

I'm a wantrepreneur (had some side projects that made some money) but am working as a full-time employee right now ( hate it 100%).
I was wondering what your experience is in starting, running & maintaining a sustainable business.

My goal is to replace my job with running a sustainable business overtime.

What's your experience with it?
(Preferably only people who are full-time entrepreneurs themselves and run or ran multiple businesses.)

Thanks!

 

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[Ravens_Shadow]

Started my business in 2016, maxxed out my credit cards and had to get a job in 2017 in a different state. After over 2 years working full-time at that job and working on my business as much as possible on the side, I was finally making enough money to pay myself full-time in August 2019. Been full-time since and now I have 9 employees.

Yes, it sucks working a full-time job.
Yes, you have to do it as it's a part of the process.
Yes, if you play your cards right it is possible to escape the rat race.
Yes, the journey is painful.
Yes, I'm far happier now than I used to be.

Two of my threads that apply to you:

NOTABLE! - MINDSET - Managing Your Expectations Is Everything! Expectations.. An Integral Piece To Your First Million In Sales.

Managing Expectations While On Your Entrepreneurial Journey Preface: I'd consider myself relatively successful now that I've built up a company that's generating over $1 million in ARR and I'm finally able to reap my rewards via fat dividends checks. I’m writing this from the perspective of...

www.thefastlaneforum.com

NOTABLE! - A fundamental question for any entrepreneur: What do I want from my business?

I’ve got a friend that I call a few times a month to see if he’s taken action on his ideas and help him break down any barriers he may have. We’ll talk about what he’s doing and he’ll throw up a bunch of excuses about why he can’t launch yet, albeit it’s been 4 years since he started his...

www.thefastlaneforum.com

 

[alexkuzmov]

Hi everyone,

I'm a wantrepreneur (had some side projects that made some money) but am working as a full-time employee right now ( hate it 100%).
I was wondering what your experience is in starting, running & maintaining a sustainable business.

My goal is to replace my job with running a sustainable business overtime.

What's your experience with it?
(Preferably only people who are full-time entrepreneurs themselves and run or ran multiple businesses.)

Thanks!

A bit of a strange question.
Are you asking because you would like to experience it as well or?
Not sure what you mean by full-time entreprenuer.
Its not a job position nor is it a title, its more of a mind state.

 

[brief]

A bit of a strange question.
Are you asking because you would like to experience it as well or?
Not sure what you mean by full-time entreprenuer.
Its not a job position nor is it a title, its more of a mind state.

Well, I certainly would like to experience it (becoming an entrepreneur myself).
Full-time entrepeneur -> someone who covers his costs solely by being an entrepreneur (so by running one or multiple businesses).

I'm reaching out on this forum because I don't have any role models in my close environment. So just want to know the truth about entrepreneurship. I heared a lot of concerns from people who are not entrepreneurs themselves, that's why I'm reaching out here, so that hopefully someone with real entrepreneur experience can give some truthful insights on it.

 

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[alexkuzmov]

Well, I certainly would like to experience it (becoming an entrepreneur myself).
Full-time entrepeneur -> someone who covers his costs solely by being an entrepreneur (so by running one or multiple businesses).

I'm reaching out on this forum because I don't have any role models in my close environment. So just want to know the truth about entrepreneurship. I heared a lot of concerns from people who are not entrepreneurs themselves, that's why I'm reaching out here, so that hopefully someone with real entrepreneur experience can give some truthful insights on it.

I`m not sure you can force it, someone correct me if I`m wrong.
Here`s how I feel it, its personal IMO, I`ll explain with a metaphor.

Imagine a locker room with showers.
Person 1 enters, tries the first shower, but the shower head is busted and it sprays everywhere, so moves on to the second shower which works but the water is very lightly warm, almost cold.
Person 2 enters, tries the first shower, busted, moves to the second shower, occupied, moves to the third shower, works but the water is cold.
Person 3 enters, busted, occupied, occupied, forth shower, cold water and no soap.
Person 4 ...
Person 5 ...
...
Person X enters, tries the first shower, but the shower head is busted. Reaches up takes it off and inspects it.
Looks like the shower head is long overdue for a cleaning, cleans it, scrapes the excess limestone build up and screws it back on. Now the shower works and its the only one with hot water and soap and shampoo and what have you.

Person X is the entrepreneur, the problem solver who gets the hot shower.
The satisfaction from solving the problem is how entrepreneurship is experienced.