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How Confident Were You Starting Your First Business and How's it Going? (alien.top)

submitted 11 months ago by Arlets17@alien.top to c/entrepreneur@indiehackers.space

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At first, this may seem like a generic question but I feel some of us do not come from a background of their family running a business, so the risk associated with setting up shop on your own seems like a major risk, if you experienced this, How did you overcome this and start your own business?

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[–] 1234567891011twelve@alien.top 1 points 11 months ago

My first small business, a wedding video company run out of my home I was very confident. I knew the field, had very little downside if I failed.

My first big risk was buying a retail store. That was a different story. I risked absolutely it everything in order to buy that store and it was rough the first year or so. But now, 16 years later, I've become a serial entrepreneur. I've bought and sold and started a few other businesses along the way. Still own 4 of them. About to buy another one and have very little worry. Everything makes sense and the real estate is worth 90% of the purchase price.

Overall, you need to trust in yourself. You need to work harder than you've ever worked, make smart choices, hire good people and take care of them.