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How many of you guys are "kinda successful"? (alien.top)

submitted 10 months ago by timtruth@alien.top to c/entrepreneur@indiehackers.space

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See a lot of home run threads and getting started/new idea threads, but I'm wondering how many entrepreneurs have "sort of" made it here?

I've been building a small business marketing agency for around a decade. We'll prob do around 600k this year but no real profit (long story, working on it). I get paid 6-7k as a salary kind of like a normal job I guess.

Started doing some additional consulting work last year to make more money while we restructure the agency business model and now make about 6-7k/mo there as well.

I'm healthy, good marriage, generally doing well. But work is a lot, battling burnout, have a few regrets, etc. Not perfect but not terrible either.

Anyone else feel like their business aspirations have led to a life that kind of plays out more like you have a normal job give or take, vs the big fail / multimillion dollar exit dichotomy that is usually presented?

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[–] CodaDev@alien.top 1 points 10 months ago (8 children)

My first business, I was doing $1.2m/yr but only taking home about $40-60k/yr. This was like 2017 and I’ve just about 20x’d the numbers (besides the income part).

Call me a weirdo, but I think good employees are worth their weight in gold. Simply put, why would I take $1m and pay a key employee $100k when while expecting them to do all the work while I’m off in Tahiti somewhere. So I pay myself based on what I do and assign “partners” to individual departments who I’ll then work with to manage key employees, who then manage the boots on the ground folks. It’s not the “take the most home” business model, but it’s done very well for me and my business - including reputation.

I also only hire through word of mouth referrals. It will likely remain this way until I sell or decide to maybe franchise (probably won’t happen but w/e idk wtf I’m doing).

[–] menofgrosserblood@alien.top 1 points 10 months ago

“When I sell it” — what if it doesn’t get sold? What if there’s no market to buy it?

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