One thing I find very inspirational is reading the stories of successful solo-preneurs or indie hackers. It is interesting to be able to build products that solve human problems, then get others to use it and make money from it.
The dream of every man is to achieve some level of financial independence, especially from doing something they're passionate about but the truth, it is not everyone build successful business at first trial if it were so then probably every Dick, Tom and Harry would be doing it.
This brings me to a question I have always asked how many number of failure is acceptable before you quit trying or is there no such thing as counting number of failures, should you just keep trying and growing till you win even if you have to fail several times. I would love comment from anyone who have real life experience and have even failed several times till they succeeded.
Until there is no drive or passion anymore, and/or it's starting to be costly on the health side.
I concur
this makes sense cause you need good health to live.
I like thinking in terms of alternatives. What is the alternative? You can quit, find another job and live your life. You can quit, find a temp job, then get back to your business later. You can do both at the same time. If the product/business you're building is not sticking, then maybe it's time to take a break and rethink things (e.g. try something else). However, I doubt any success comes fast, I believe you have to put years of work first. Some people get lucky, but even then they might have gotten lucky because they tried so many times. I've been building my product slowly for over 2 years now. There are exciting times and there are not, but what's the alternative, just give up now?
Well said. My thought process as well.
This is definitely a tactic I employ myself.
What's the alternative? Live a 9-5 lifestyle, never ever achieving freedom?
Hell no. I'd rather die than to do that, let alone do that for life!
great comment,thanks.
I have no limits. As long as I'm still passionate, and trying again doesn't require resources I don't have or can't get.
way to go, thanks.
You're welcome. It's admittedly easier to try again with projects that require little investment, such as content and information products.
Hey Akinsola,
Startups/Side projects are always a vehicle for some other larger life vision or purpose.
They're rarely an end in itself.
So what really matters is the vision/goal/purpose:
Is it still as important to you as ever?
Do you still want it as badly as when you first started out?
Has your life vision changed, notwithstanding your current success level with entrepreneurship?
If your answers are along the lines of "fuck yeah," "you're goddamned right," and "hell no," respectively, then there should be no talk of giving up whatsoever.
Don't ever ever give up. You won't ever forgive yourself in your dying bed.
You'll die an old man filled with regret, shame, and guilt.
Solution
Don't give up. Learn to rest. Rest as long as you need to. Be extra-indulgent even. Fuck the guilt of just enjoying life for a while.
Once you're rested enough, give it another go. Try something else, gather all the feedback that you can. You can (and probably should) give up on a business idea that isn't working, but you should never give up on your life vision.
I wrote a rather poignant story of how it took me over a year just to make my first dollar from my indie hacking endeavor. My current business is Zlappo, and it's growing steadily and providing me a nice income as I continue to build and grow it.
If you hang in there long enough, good things happen.
The wall is really just there to stop those who don't want it badly enough.
Do you really want to be that guy who's filtered out because he gave up too quickly?
your comment is simplisticallysimple to understand.
Until passion runs out. That's different for different people.
so you mean when passion runs out, it is safe to quit.
What I mean is, at least for me anyway, that if what you are doing is making you happy, motivates you, or keep you waking up, and on top of your mind....then keep hacking at it. Learn from your failures. Learn from others. Makes changes you as you go.
But on the other hand, if it drains your soul, body, and mind....then I say find a new path.
My moto is "wealth without health is useless". I am sure Steve Jobs would agree with that.
thanks I get it better now
Sometimes failure can take away your passion as well... I would say never quit but learn from your mistakes, iterate, do more research shift to a new strategy and try again.
very instructive, thanks.
I don't look at them as failures at all, steps along the way to finding the thing that works. I very often start something small, so I can test it quickly and see if/how it works. I keep this cycle short for a reason.
I have absolutely zero intent of stopping what I'm doing and I've been on this journey consciously for 4 years now. I mean, what is the alternative? Accept that you haven't built anything worthwhile and resign the rest of your life to building someone else's dream? NEVER! ✊
I have enough data and experience to back me up, to give me confidence in my own abilities and know I am only getting better as I keep going. I'm financially in a place where I can pursue this journey. This is honestly the peak of my existence right now and this is the most energizing and engaging thing I can possibly think of doing with my life. Every move is up to you; every success and failure is up to you; the only thing limiting you is you. I mean - talk about opportunity right there. Perhaps when I'm sitting on 20+ successful things, I will look at what to do next, but that will be a while.
this got me following, you absolutely walk the talk.
If I have fun trying, I try.
but it dies out on gloomy days.
It's a question of balance. A gloomy day in the middle of ten days of interesting work is welcome. One day of interesting work for ten gloomy days is where I quit. My goal is to do what I like with my time. That's all.
I wont tell you how many failures, but when you are completely feel like beaten and down... lets have a remote beer and talk about the fucking problems in this world... Beer on me. I am serious, there is nothing serious in this world, what matters most is, are you free and relaxed. As long as something is bothering you you are not free.....
thanks bro, would surely reach out whevener.
It might not be the failures but the lack of heart and dedication that turns out to be the showstopper. It dosn´t make sense to ride a dead horse either so even though it´s hard, sometimes quitting is the better option than to risk all your money and health for nothing
it means an individual personality play a lead role in entrepreneurship venture
Failure is learning. So how much learning can you do before you quit?
Learning is never ending
Exactly, so if you refocus what failure is and think of it as learning it becomes easier. I am not saying that it is all roses because some days you just don't give a f*** and consider these thoughts to be pointless.
As other's have said, I don't think there's a real number for me.
If I run out of steam, I step back and re-evaluate.
this is the kind approach to adopt
I ran my previous startup as a single founder for 5 years where we had several products and services; until one day I was told I could become quadriplegic, that's when I realised that I had pushed enough and had to shutdown the startup after helping my employees find great offers.
But, I wouldn't call that as quitting or failure; Grinding as a single founder from a village in India but competing with products from valley helped me gain knowledge and experience which I would never have otherwise. Now, I'm using that knowledge to help other startups professionally.
I really appreciate your contribution, it is 2 paragraph of inspiration.
I fail twice building a start-up with two of my friends but I never quit.
The first make us realized how young and naive we were.
Second time, we didn't get the right Devs to take our idea off.
So I stepped aside and build two side projects as solo-preneur.
When you quit, it's maybe you don't have anymore passion.
What a courageous spirit you have, you failed with others and you had the gut to proceed alone.
Thanks!
i dont quit trying. if i am struggling, i get help
very good advice, so instead of quitting find help from others.
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that would pass for a rap line for indiehackers.
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