The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

INTRO Introducing myself as I now think I understand the Forum

Remove ads while supporting the Unscripted philosophy...become an INSIDER.

JIRS

New Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Nov 1, 2019
7
14
16
St. Petersburg, FL
Hi There from Florida !

I've read The Millionaire Fastlane and Unscripted once a couple of years ago, and just recently after I joined the forum. I am a 47 year, married with a 6 year old child. I have always wanted to move to the fast lane but always endup somewhere between the slow lane and sidewalk. I've been reading to understand what the forum is about, and how investing my time here will yield something good for me, and be worth your time as well. Here's a bit about myself, and why I feel like I've had too many "f*ck it Moments". My head is so full of ideas, it feels like it will explode. However, I've failed at executing. Here are a few of the things I've tried:
  • Multi Level Marketing (MLM) fiascos while in College.
  • My own business "calculating" buildings (I am originally a Civil-Structural Engineer); didn't provide good enough revenue.
  • Working at a startup consulting company for Petrochemical Project Management after an MBA in Texas. The company got hit by 9/11 and didn't really recuperate. I still own a little chuck of the company, but it is held by the original founders and barely provides for them (backpacking).
  • Decided to do a PhD in Engineering (Chemical/Biomedical) and picked professors that had their own company. The profs. business was already crowded and was basically a shell company for them to pay themselves. I dabbled around in starting a new company with a couple of PhD students, but the environment was not the right one... everybody got lives and jobs, and that's where it ended.
  • While in the PhD I started selling domain names; at some point I held about 1,500 domains to my name. I probably sold $50K of domain names and spent $50K in buying and keeping them. At the end, I was left with $0, and a "nice" portfolio of the best 200 domain names that don't cost me much to keep.
  • While in my PhD I also tried a couple of internet ideas, and executed them, but dropped them, once because my first partner tried to take advantage, and the second time because I had chosen a poor web technology and ended up limited by the hosting (my excuse anyways).
  • After the PhD I got sucked into a Postdoc, had a few f*ck it Moments (FIM) there, and ended up taking up a career in Pharmaceutical Process Development after 3 years.
  • I now work as a Scientist/Engineer for Pharmaceutical Manufacturing Contractor and although the work is really interesting, I've been punched with some pretty bad demeaning events that have been FIM's for me, I've sucked them in and kept on working. The pay is good, but the job is unforgiving and exploiting. Although the pay is good, moving back and forth looking for better "opportunities" has hit me economically. I've provided a lot of value to the company, but as Nassim Taleb would say in "Black Swan", anybody in my position in this company is a Turkey waiting for his/her Thanksgiving.
  • I've tried submitting ideas through "Edison Nation", and have kept my mind sharp in product ideas and the market. However, although the maket is pretty cool, the passive nature of it means that the likelyhood of success is much less than if you build them yourself or even try to license them yourself.
  • I am at the moment exploring a couple of ideas in my current knowledge domain.
I know that may in this forum come and go and many of the people passing by make some sort of declaration not to follow it. But here is mine: I am changing my process, and will prevail in succeeding as an entrepreneur. This email is not to complain about my failed attempts and my FIM's, but as a reminder that will hunt me through my inbox and memory every time I get a reply from you.
 

Don't like ads? Remove them while supporting the forum. Subscribe.

edgefinder

Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Dec 13, 2016
52
53
119
41
South Africa
wow that is some amazing experience to build on top of.

I’m jealous - that is a joke!

rock your world big time
 

JIRS

New Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Nov 1, 2019
7
14
16
St. Petersburg, FL
Thank you for all the kind words. Here is my update as I am keeping this thread as sort of a journal to remind myself and get some wisdom from others when appropriate. It may resonate hollow to some here, but I feel like I am making some steps in the right direction. Here is what has been going on:
  1. I am still working on my soul crushing job
  2. Sold one of the domain names in my portfolio and received $18K. This doesn't happen often since I have not been active in the game, but it is ok to let go of a domain name here and there when there is interest.
  3. Used 8K of the money to pay down debt
  4. Kept $5K for taxes
  5. Started a company for "Product Development" and funded it with the remaining $5K.
My first venture is going to be in product licensing, so I am going to organize a few of my product ideas and start the Stephen Key / InventRight program. The theme has come up in this forum a few times, and in one instance Stephen Key posted. The way I see this is that if you can invest the time and develop a process, it will be like a string of not-so-valuable-pearls where you risk just a bit, until eventually you find a diamond.
 

Sponsored Offers

  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
This program helped me to triple my revenue over 7 months while also moving to a new city in the...
  • Sticky
MARKETPLACE Fox Web School "Legend" Group Coaching Program 2020
Hi Fox, After reading your threat and watching some of your youtube I have several query ? 1...
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
If you read the last message then you know I'm removing my courses from Udemy next month. You...
  • Sticky
MARKETPLACE Grow Your Business With a Book (An Unorthodox Marketing Strategy That Built One of the Largest...
PS. what do you think about the idea of setting up live Busking experiences on Air BNB? I could...
  • Sticky
FEATURED! Introducing... WEALTH EXPO$ED, A Short Story By MJ DeMarco
Hi Mj, I just bought it. And reading it. I think is a great idea to write using the stories to...
  • Sticky
MARKETPLACE Kill Bigger Incubator
@Kak Thanks for the reply. Whats interesting is that I have an idea that's been cooking which...



Forum Sponsor

sponsor

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom