I can definitely emphasize with this. I’ve started a few businesses but have yet to find a decent partner. I can find employees no problem but not a partner.
If you’re a software guy please hit me up. I have a few projects I think would be great. I am a Self taught Python programmer. I have an advertising and sales background.
You have to bootstrap while you can. Network a bunch, go where the money is and meet as many people as possible.
Because prices/inflation rise past a reasonable level. People work to own things; cars, homes, atvs, luxury items. When the affordability of those items drop the motivation of employees also drops. When you have to work at a company for 50 years and spend no money to be able to afford the house you want you realize wtf am I working my ass off for something I’ll never be able to get. Depression, is also on the rise as productivity falls. You can have all the pizza parties and retention programs you want, but none of that shit pays the bills or actually helps anyone.
Same thing with trip incentives. Total bullshit. Why tf would I want to go on a trip for 2 when there are 4 people in my fam and I’d have to pay for 2 more tickets I can’t afford anyway bc the fucking company doesn’t pay you enough to afford a vacation.
Speaking for myself, if you want to see productivity go up, then the paycheck needs to rise beside inflation. I’d never leave a job that allows me to live comfortably and gives my the luxury of not having to worry about money/living paycheck to paycheck.
Paycheck to paycheck results in low motivation, low efficiency, low effort, low retention, bad reviews, bad working environments.
Totally understand your pain. I’ve built a few dropshipping sites and sold a few as well. My biggest advice is stick with it. Drop shipping is how you get started in Ecom, not how you last. It’s a stepping stone to buying more product in bulk. Digital skills are paramount. Seo and influencers will give you a better roi than anything. Dm me if you want to partner up
Almost anything you want. You could buy a business currently generating revenue and get an almost instant return. Or you could invest in other things. If I had that much, I’d look into trading bots in the crypto and forex markets. They require little skill to set up, but they will be in a period of drawdown some of the time. So I would suggest a mix of both, find an online business where you can negotiate price or terms and then once that is running smooth look into other stuff or support whatever you buy with another business acquisition.
I’m in the same boat I just don’t end up generating much or any revenue before my add kicks in. I think I’ll try to find customers before I build it next time and see how that goes.
You should try to do online sales as well. (Feel free to DM if you need more guidance) host parties at your store, collaborate with other business owners, only use credit to build your business and then pay it off with the proceeds. This will build your credit and allow you to balance credit and cash making your business for resilient to these kinds of market fluctuations. Ensure all your debt is only on your business and not backed by any personal assets. The only way to do this is to build your credit from $1k up to whatever you can think. If you have regular expenses you can build quickly and get regular credit increases until you hit a huge number and don’t have to worry when you have a bad month.
Yes, I feel you, I’m in the same boat myself. I have a bunch of semi finished projects that could be amazing. How do you generate money though? I build a few great projects but haven’t really had an idea on how to get them going.
Idk man, the real estate market is absolutely crazy right now with high interest rates and many buyers (investing) only buying in cash or doing seller financing. Rents are decreasing and the cost of labor and material are going up. I totally feel your dad, I’m 30(M) and have started multiple companies but was never able to really scale them so I ended up either closing or selling(selling only twice). I even now have the bones of multiple businesses in my GitHub ready to get a proper GUI and be marketed for potentially millions per year. But I have no one to cofound with and a lot of my projects end up going in the closet. If I stuck with my first couple e-com stores when the going got tough I bet I’d be a millionaire, instead I fucked my life up by not doubling down when I should have. I think this is classic for someone with ADD like myself. Master of none, generally great at a lot, never appreciated for anything.
Bet on black