To go big, or to just get by for now?

[YoungPadawan]

So a question to you all...

For those that have "made it," was your first successful venture something you created just to get by - just to quit your day job? Or was it something that you started that you wanted to create a legacy? The thing that your life would be remembered for.

For those that haven't "made it" yet, are you working on something that you truly believe will change the world, or is it something that you're doing to quit your day job?

This is something I've kind of struggled with. I want to create something that lasts for hundreds of years. But right now, I have yet to quit my day job.

I've been developing a product that I believe is better than what is already out there. I'm almost finished with it, I've imported parts of the product, and I hope to list it on my own ecommerce store within the next 3 months. (hopefully)

The thing is - I'm not really too crazy about the niche that it's in. I don't know if I should just license the product to a larger site, or build other potentially superior products in the same niche and continue to fill out the website, even though I'm not all that passionate about it.

I know, I know... DON'T FOLLOW YOUR PASSION. But this isn't just about following your passion. This is about spending years of your life on something that you really don't care about. Something that won't affect your legacy. The thing that you will be remembered for when you are dead and gone.

What are your thoughts? Should I just license this product out - hopefully getting a few hundred bucks profit a month, or build a full-blown brand?

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[MTEE1985]

A-M-A - What I would do if I started today... And Why...

Just getting by sounds painful. What’s the upside and downside of going big? Of just getting by? My guess is that the downsides are similar while the upsides are exponentially different.

@Kak this one is in your wheelhouse

On second thought, maybe post your OP in that thread above? Might get more responses.

Edit #3... @Shepherd see below

 

[YoungPadawan]

So I'm in a particular situation that the vast majority of people would never find themselves in.

I'm the only son of a 3rd generation farmer and my family has been farming since this area was first settled.(United States) If I don't continue the family farm, it will, more than likely, be broken up, thereby disappointing my parents and wrecking everything my ancestors have been working for the past 250 years.

So, I am sort of stuck in a small, rural area, but I have much bigger dreams than 'just getting by.'

In order to reach my bigger 'dream goals,' I have prerequisite goals that I need to achieve, thereby hopefully avoiding the disappointment of my parents (as well as dead ancestors).

1. Pay off the family farm debt so that we are free and clear, and aren't the bank's bitch anymore.

2. Purchase additional land outright, so that if generations after me want to farm, they will be able to unrestricted.
Once this is done, the bank's, as well as landlords, won't rule over my parents.

If I am able to achieve those things, then I believe I will be able to make my parents proud and be able to pursue my dream goals freely.

My 'dream goals' require that I travel. I could raise venture capital and go where I need to go in order to do what needs to be done and be able to devote more time to those goals, rather than having farm stuff on my plate.