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What suggestions would you give to a young entrepreneur just starting? (alien.top)

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

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I was (and still am) in quite a difficult financial situation. I tried everything to enhance my position and I was left with just one thing I could try: becoming an entrepreneur.

So I have almost finished an online service I think it could work if done by a professional, but since it's me I'm unsure. I have no PR, I already have a full time job and as much as I tried my best to lock my backend I'm sure I'm not able to outsmart hacker(s).

So it's my only possibility, really. What do you suggest me to do?

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[–] navel-encounters@alien.top 1 points 11 months ago

The only time success comes before work, is in the dictionary.

Those who fail to plan plan to fail....

Sure, being an entrepreneur sounds easy, but is it? to become one most would agree you need to have experience, be a subject matter export in your craft, able to take risks and have a good work ethic....then you need a business plan. The plan can be a simple outline on a napkin, but will map out what your ultimate goal is with all that is needed to reach that goal...a business does not have to be brick & mortar nor glamours. The business can be as easy as dog watching (as long as it makes you income)....

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

Get a job.

[–] goddesscarrie111@alien.top 1 points 11 months ago

KEEP YOUR BOOKS TIGHT FROM THE BEGINNING.

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

Sell before you build. Can you prove you are solving a genuine problem for your ideal customer profile?... if so you're already 50% there. Most solutions can be serviced in a non-scalable way. I.e rough and ready. I bet you could generate sales for what you are bulding without anything overly complex and certainly without leaving your job.

[–] Sonar114@alien.top 1 points 11 months ago

Starting a business is a good way for already successful people to leverage their skills and capital to create greater returns on both. It’s not something that will help you if you’re struggling.

Even most successful companies lose money for the first year. Can you afford that? You could have a great business but have to close down before you hit profitability because you’ve run out of cash.

[–] Exciting-Crab-6469@alien.top 1 points 11 months ago

Same thing I would tell my younger self “yeah that’s a cool idea but just fuckin’ don’t”

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

Can you elaborate on the service?

[–] uox351@alien.top 1 points 11 months ago

I wouldn't rush into it. That liability could put you under before you get started. You really need to get yourself in a financial position to either hire an expert, or learn how to be the expert. Liability insurance helps, but it won't pay for negligence.

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

Simple.

What does your prospect get out of the deal?

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

Consistency. It's a long term game.