Founders need a clear sense of what they're giving up, and what the potential payoff is.
Example:
I'm investing $5k,
and 800 hours of my time,
building this software.
My goal is to reach $10k in MRR
by August 2, 2021.
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Every time we start something new, we're making a bet. We're risking our:
Time
Money
Energy
Every idea we commit to has huge opportunity costs.3 odpowiedzi 5 podanych dalej 79 polubionychPokaż ten wątek -
Too often, entrepreneurs don't value the time and energy they invest in their idea. If you spend 5 years building something that doesn't work out, you've lost 5 years of investing in your career, family, etc. If it starts feeling like a bad bet, cut your losses, and get out!
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Entrepreneurship is a huge risk (financially). You're giving up some of the best years of your career to focus on a bet that might not work out. The potential financial rewards should account for the risks you're taking. Don't invest 5x for a 1x financial return.
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Sofware devs: Apple, Google, Amazon, and other Big Tech Cos™ are now offering Sr. Software Developers salaries of $350k - $550k USD. If you don't 200% love the idea of running your own company, optimizing your resume is probably a way better bet than becoming a founder.
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W odpowiedzi do @mijustin
There's very few ( and very crappy and expensive ) places you have to live to make these kinds of figures. Let's see, live somewhere where 120k lets me build stock, savings, own a house, raise kids, and travel? Or live in a place where 350k gets me a shoebox apt in an alley?..pic.twitter.com/hYHBr82QdA
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W odpowiedzi do @BeardAboutIt @mijustin
Do you have any idea how few entrepreneurs make 120k after expenses, salaries, taxes, material cost etc? Most small biz owners are incredibly broke
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Swiz marry me. Your replies are always the same as what I'd say but usually better worded
1 odpowiedź 0 podanych dalej 1 polubiony
Let's ALL get married.
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