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Your definition of success (alien.top)

submitted 1 year ago by Sad_Rub2074@alien.top to c/entrepreneur@indiehackers.space

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What's your definition of success? Is there a magic number, lifestyle, number of people helped, families supported (including your own)?

Everyone has their own goals. For me its financial freedom and not worrying about any bills with a property paid off.

Just started making over 500k a year (with multi year contracts) and still not satisfied. I'm thinking at 1m/yr I will be, but maybe not. Need to buy that property free and clear. Btw, my metrics on home have changed. Had a 4/3 house with a large pool in the backyard. Now want a house with a view of the ocean. The idea that will somehow make me happier is part of this post.

Did you hit your goal and level of success? Were you satisfied when you did?

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[–] victorshiu@alien.top 1 points 1 year ago (1 children)

For me it's 3 parts:

Freedom to spend time with my family and do the things I love without worry/stress.
I feel it's actually 20% resources; 80% mindset to achieve this though.
Ability to give to and support people and causes I care about in a meaningful/impactful way. Hard to measure this, but I'm currently measuring it in how much % of my income can I live off of? Want to get it down to living off 20%. Investing 40%. And giving 40%.
My employees are happy and fulfilled. They helped me get here. I want to make sure they're well-taken care of.

[–] Sad_Rub2074@alien.top 1 points 1 year ago (1 children)

All good points. Its definitely a mix. I have found that its much harder than it originally seemed to keep employees and contractors truly happy as well.

[–] victorshiu@alien.top 1 points 1 year ago

I think a part of keeping employees happy is finding the right employees. I love my team, and they're a big part of why I love doing what I do everyday. But it was definitely a journey making sure we had A-level rockstars - both in performance and personality/mindset.

I also realized that I played a large part in my employee's mindsets and work/life balance. If I overworked, they would feel compelled to do the same (well, I guess you have to first find people that do that) - which would then lead to burnout. I found one of my most meaningful and most difficult job was being, in some sense, a mentor to my employees. Money definitely played a role, but growth was something they all consistently sought. Some even went on to "graduate" from my company to excel at another much larger one.