Some people have a romantic vision of entrepreneurship and startups. They think it’s all glory and you get to enjoy wild riches.
The reality is that “passive income” translates to working day and night without much of a break. Vacation? Nope! Work! Family time? Sure, while you hustle to provide customer support..
It’s also no secret that the vast majority of startups fail. Something like 90%+ never make it.
Out of the 10% or so that do, most make little to no money. Only a tiny fraction even get to $10k monthly recurring revenue - and that doesn’t count expenses, taxes etc…
Startup growing? Congrats! Hire an employee! Fantastic… now you’re a manager, extra work! Now you have to learn about company culture, what it means to keep people happy, how to hire etc… lots to learn.
It’s true, occasionally you make it. That usually means full time employment as the founder. Teams to hire, people to keep happy, a never-ending hustle for new customers. If you’re not growing, you’re dying. Someone else is standing behind you to eat your lunch.
The very few that make it big and get acquired or go public, the ones you see in the news have had to deal with a lot of crap to get there. They sacrificed social and family lives to get there. It’s no walk in the park.
Yet, so many people try this path anyway. They could be working a steady gig doing the thing they love and surrounded by the best support systems imaginable, but they set it all aside to go for the freedom of building what they wish to see in the world.
The odds are stacked against a startup founder, but that doesn’t deter them. Why?
Because the idea of not working on the things you love, not exploring your passions and never having accomplished “anything” is not an option.
It’s an urge that will not stop nagging unless one tries.
I don’t know where I’m going with this.. just thought I’d share a few words.
