Hey guys,
I have a question for people who have at least two projects under their belt.
Everybody knows that the first project is the hardest one.
In terms of time how long do you think you took for your second project?
Was it half the time, half the struggles? Or even less?
I am a developer and once I built a project well from a technical point of view I can reuse a lot of flows and code in my next one. So logically subsequent projects should be easier, irrespective of the experience gained.
I was wondering if entrepreneurship gets much easier over time or if it's a constant struggle for you.
What do you think?
It gets easier. The more projects you start, the higher the chance that you get lucky and something catches on. If you also account for the fact that you will be learning from your mistakes, acquiring new skills, growing your network, and therefore building better businesses (and building them faster) as you go on, the case for serial entrepreneurship becomes downright optimistic.
I like to think of it like this: Everyone has a number. The number of business you'll have to start before you succeed. For some that number is 1. For some it might be hundreds. Regardless, it's just a matter of pushing until you get there.
Some advice for hitting that number sooner:
Good luck!
@csallen there should be a way to bookmark replies and posts for gems like these on IH!
Why is it a problem to be working on two projects at a time?
Because time is limited. More projects, less time spent on each project.
This comment was deleted 6 years ago
It definitely gets easier, you become less naive, learn along the way and figure out what works best.
A business is a journey, not just about the product, but one for you as a person too. Often ideas seem great until you start doing them, but you have to experience it to understand that.
I'm not sure if it ever becomes easy, but easier yes.
It gets unbelievably easier. I probably have over 40+ projects. In reality most of them are failures, but many of them are very successful.
The first failure is really hard, but once you accept failure is part of the process and start accumulating scar tissue, you realize there is nothing impossible.
Will smith says it better on this video: https://www.youtube.com/watch?v=Ks0GWwU50Ag
Fail fast, fail often, fail forward.
I don't know that it gets easier. Depends on the person.
But it does shatter illusions, so you at least know what kind of work is required to be successful. That means I spend less time writing apps because I know that other stuff will take just as long, or even much longer.
I think one of the best things you can do is grow a following wherever you're most comfortable (blog, newsletter, social) - because that following does make things easier. Your next project already has an audience that will see it, even if it's not 100% related. And the project after that, etc.
It depends. If you can rely on the knowledge, resources, and contacts from your previous businesses then it could be a lot easier to launch something new.
You might just talk to a few people to confirm interest, sign contracts within a week to get your first sales, and call up someone who has the right skills to handle the work.
But if you're going into a completely different market or industry then it's like starting over again.
After over 10 years working in tech I launched a business in an industry that I was unfamiliar with (apart from pretty much everyone needing it). Wow did it throw some new challenges at me!
I knew a lot of people work hard and I don't think I was underestimating what's involved. But I didn't know all the details of the problems that would come up and how deep I would have to go to solve them. At this point it would be a lot easier to launch related ideas or extend that business because I learned how to deal with it.
If I choose to go into another new industry in the future, I know I'll be a beginner again.