All valid points. Ownership probably wasnt the best term to use. Was simply saying that with my job, I don't just take orders.
Back to the working world...
- Thread starter lschmidt
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All valid points. Ownership probably wasnt the best term to use. Was simply saying that with my job, I don't just take orders.
Nothing lasts forever, shit happens...
Look at *cough* Copeac *cough*
I heard through grapevine that even David DeAngelo's Double Your Dating is not doing as well as before too due to competition.
Remember EzineArticles that got hit by Panda and lost a ton of traffic last year?
Established businesses fail all the time, not just online companies but in all sorts of different industries.
It really depends on your current situation, if you're over 30, married and have kids, with mortgage and car loans and other obligations, then getting a job is the fastest way secure yourself a stable income stream.
Just because you've gone back working for a company again doesn't mean you're going to be stuck there forever either... You can always quit the workforce later when you're ready, and come back stronger.
Change is the only constant in life.
Good luck and stay positive.
Look at *cough* Copeac *cough*
I heard through grapevine that even David DeAngelo's Double Your Dating is not doing as well as before too due to competition.
Remember EzineArticles that got hit by Panda and lost a ton of traffic last year?
Established businesses fail all the time, not just online companies but in all sorts of different industries.
It really depends on your current situation, if you're over 30, married and have kids, with mortgage and car loans and other obligations, then getting a job is the fastest way secure yourself a stable income stream.
Just because you've gone back working for a company again doesn't mean you're going to be stuck there forever either... You can always quit the workforce later when you're ready, and come back stronger.
Change is the only constant in life.
Good luck and stay positive.
Youve got valid points. Maybe I explained myself badly. When Im in some kind of business, I always improve. If I cant improve something anymore, I get rid of it. Theres always some corporate body that can make better use of something I cant make progress on anymore. Or if I get bored with stuff I just ditch it. Most of all I accumulate wealth. I never spend more than 30% of what I make over a given period of time.
But Im probably much different anyway because I enjoy success for what it is. Not just because I can then buy that BMW or something. Most people do lots of things they dont really wanna do because they need the results for something else. I dont understand that kind of thing.
Seems like there is a lot of back and forth, arguing, and tl;dr posts in here.
I'll just post my thoughts and what I do for w/e it's worth. I don't really care if I'm adding value, or have a business plan that runs itself, or if I'm not thinking long term, or delivering happiness with unicorns that fart out rainbows. I don't care.
I just do a combination of what makes the most money and what I enjoy doing. Once whatever I'm doing stops working, I branch off and try doing 5-6 different things all at the same time. After a while of doing a bunch of different stuff, usually one thing starts working very well and then I devote all my time to that one thing and the cycle starts over. I've been through this cycle like 4-5 times now.
I'll just post my thoughts and what I do for w/e it's worth. I don't really care if I'm adding value, or have a business plan that runs itself, or if I'm not thinking long term, or delivering happiness with unicorns that fart out rainbows. I don't care.
I just do a combination of what makes the most money and what I enjoy doing. Once whatever I'm doing stops working, I branch off and try doing 5-6 different things all at the same time. After a while of doing a bunch of different stuff, usually one thing starts working very well and then I devote all my time to that one thing and the cycle starts over. I've been through this cycle like 4-5 times now.
How do you have that setup? Is there an app you're using, or just using a stopwatch?
Can't blame the OP for his decision... whatever makes you happy and whatever you have to make money and fix your current situation. Sounds like he's looking forward to some needed changes and made the right decision for himself.
As an entrepreneur, I'm appreciative of people with an employee mindset.
Also for the record I did start a real business, I was selling nutritional supplements online. This wasn't some drop shipping bullshit either. I had a registered corporation, a seller's permit, a tax id number, distributor, credit card processing etc. That was while I was attending college for actuarial science. I eventually sold that business.
It seems that a lot of people here have some fascination with being a ceo of what is basically a single member corporation (aka yourself). Or maybe you have two employees. There is nothing wrong with being part of a larger team, often times that means you'll be able to achieve bigger and better success. There is only so far you can go on your own. For example the product I'm working on now is going to cost 10,000 plus dollars per month to use for a single client. I'm talking business to business shit. There is absolutely no way I would be able to do that on my own. And I get a cut of that revenue in addition to a salary.
Personally I'll be taking cash flow from my new job and investing in real estate. It's something I've wanted to pursue for a while.
I think I started my original post off a little bit wrong. This is not me giving up on anything. This is just the start of something new.
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It seems that a lot of people here have some fascination with being a ceo of what is basically a single member corporation (aka yourself). Or maybe you have two employees. There is nothing wrong with being part of a larger team, often times that means you'll be able to achieve bigger and better success. There is only so far you can go on your own. For example the product I'm working on now is going to cost 10,000 plus dollars per month to use for a single client. I'm talking business to business shit. There is absolutely no way I would be able to do that on my own. And I get a cut of that revenue in addition to a salary.
Personally I'll be taking cash flow from my new job and investing in real estate. It's something I've wanted to pursue for a while.
I think I started my original post off a little bit wrong. This is not me giving up on anything. This is just the start of something new.
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+1, been using this for years and it's tough for me to stick with time management stuff like this.
That's because 90% of my clients aren't worth keeping. When you offer $5/year shared hosting and $15/year VPS plans, you attract people from the bottom of the barrel. And yes, I'm surprised Chris hasn't blown his brains out or murdered someone by now.
SEO gurus are the bottom of the barrel? Jesus Christ somehow I've become trapped in a parallel universe! Why's Superman's 'S' backwards?
That's the thing. I can definitely see both sides of the coin with this. I've found a couple projects that are working for me that are paying the bills plus building capital.
I wouldn't exactly say I have a business, but I am setting things up in a way to limit risk. If I lose my traffic sources, I still have my customers in a sales funnel.
But this is the crossroad I'm at:
Would you rather...
Make $100,000 this year and be working toward building a business you expect will last long term (obviously there's still uncertainty)?
-OR-
Make $300,000 this year on something that will fade out in the next year so what you have done will not work again?
For me, right now I'd prefer the 2nd option. Making as much as I can right now will put me in a great position for any future ventures I want to pursue. I really can't see how the 1st option is a better choice, but I'd like to hear someone else's point of view on this.
Thats cool if those are the actual numbers, but some people around here seem to be content with getting by on 1500 a month on something they know doesnt last much longer.
Before you were here, there were all kinds of guys who thought they were PPCers. He sold plenty of hosting to paid marketers.
One or two employees... Or a call center with 20-40... Whatever.
Good luck with whatever you do. Enjoy your weekend.
Then maybe should raise your prices to something higher than $5/year</pointing out the obvious>
Higher prices result in clients who need more hand-holding, which in turn results in about the same amount of profit after you pay support. I've fixed the problem by just not offering shared hosting at all anymore. VPS plans will be on the chopping block next. We're moving to backup only plans very soon.
As a professor what you'll do is:
1. Constantly have to write grants to find funding, otherwise you'll lose your department.
2. Deal with the ongoing BS from college management where they try to cram more and more students into your courses, even though they aren't qualified.
3. Nostalgically look back to when you were a postdoc and could do some actual science.