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How long has it taken for your project to generate income for you to live?

Discussion in 'General Entrepreneur Discussion' started by Soder, Feb 15, 2019.

How long has it taken for your project to generate income for you to live?

  1. < 1 year

    3 vote(s)
    50.0%
  2. 1 - 2 years

    2 vote(s)
    33.3%
  3. 2 - 4 years

    1 vote(s)
    16.7%
  4. 4 - 6 years

    0 vote(s)
    0.0%
  5. 6 - 8 years

    0 vote(s)
    0.0%
  6. 8 - 10 years

    0 vote(s)
    0.0%
  7. > 10 years

    0 vote(s)
    0.0%
  1. Soder
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    Soder New Contributor

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    The right mindset needs to be fixed in the long term, as MJ says it is a multi-year project.

    I open this thread for us to comment on the years it takes to reach success, to encourage us in the short term to achieve long-term goals.
     
    RazorCut likes this.
  2. RazorCut
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    RazorCut Platinum Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    I've always found that the time it takes is often dependent on the time available, (Parkinson's law). If you burn your bridges (jack in your job) then your project has to pay its way quickly or you go hungry. A great incentive for action.

    On the other hand if you are well paid and generally enjoy your job it will probably take a lot longer.
     
    kanunay, Rabby and Soder like this.
  3. tiagosoares17.22
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    tiagosoares17.22 Bronze Contributor Read Millionaire Fastlane

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    My Online Fitness Coaching took me about 2 years until I started to make enough money. In the beginning, I did not know much of what I was doing, even though I knew a lot about nutrition and other things.

    Nowadays, with my second project - wine production, it might even take longer. I have to invest thousands and thousands, and wine is something it takes time to make. On top of that, once again, I have to figure things out mostly by myself.
     
    Soder likes this.
  4. Jello
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    Jello Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    This depends on so many things. How much are you investing regarding time. How much are you investing regarding money. Do you have the skills or do you have to educate yourself first to obtain skills needed for your project.

    When no money to invest you have to invest more time. When you don't master the skills needed you need even more time to learn the skills needed.

    When you have money to fund your project you can hire people who are skilled and do specialized work for you.

    It will save you more time which you can use to leverage your project by learning other skills needed.

    For example when you can hire programmers to do coding for you you'll have time to learn or when already skilled in, practice and focus on marketing.
     
    Soder likes this.

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