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Should I Quit My Business? (alien.top)

submitted 2 years ago by Vast-Park-4101@alien.top to c/entrepreneur@indiehackers.space

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I’m a 29M. 2.5 years ago I quit my job to go full time in my online coaching business. I’ve had some ups and downs, but this entire year has been down.

The most I’ve ever made in a month was just over 6k

But lately it’s been hard for me to get over 2k per month

I barely have enough money to do the basic things and would like to hire some help but literally can’t afford it right now

Should I close the business down? Or get a job and do the business on the side?

Haven’t had a “job” in 2.5 years so I don’t imagine it will be easy to get, but I’m broke and open to anything

Any ideas?

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[–] InfamousBumbleb33@alien.top 1 points 2 years ago

Yeah. work a job on the side, and look at your business through a MVP perspective, i.e. what are the basic and most essential things which are needed to keep it running, enough to get back feedback (on top of the data gathered in these past years of operation) and grow it.

Since, you'll be working a job, your time and mental space, both will be limited. So focus on these pillars of business, how they can be handled on side and then moving on to how it can be automated (hiring an intern or part timer or a freelancer- working a job will ease this burden, as well) and slowly building up your business with time.