June 30, 2020

Ran out of money and patience. Now what?

Youce @youce

At this point, I think the only reason why I'm trying to succeed is to prove myself to others. Let me rewind a bit:

It's December 26th. Not the best Xmas or Xmas Eve. Family meetings suck. Something about accomplishments bothers me. New year is around the corner. It's time for a reset. Resolutions. Perhaps, this new year will make it all worth it.

By now, it's been around a month or so since I've started my networking business Almagra & Co., which later came to be known as simply Abceleradora. However, working directly with people is hardly lucrative on the short term, so I'm looking for a short-term project to help myself with them bills, etc.

After some serious research I found an unexploited niche in my zone: REITs. I was immediately inspired, so I worked non-stop on the do's and donts of my business model until I had figured out the key points of what later became Camellos.
To give you some context, Camellos biz model essentially articulates lodging, real estate investments and travel in a way that improves strategic zones in the region. It does that by signing up generous lease agreements with vetted landlords and land owners, promoting their sometimes unbelievable fincas to international travelers while offering a piece of each biz to new investors inclined for international properties and opportunities.

I thought it had potential. My partner from the tourism industry thought it had potential. Landlords thought it had potential. Then Corona happened. 🤦🏾‍♂️ Imagine my shock when I fully realized that not a single soul was going to be able to come in or out of the country for a while, that travel agencies were falling like flies and our biggest airline was this close to file for bankruptcy because of... no, wait, this one was fully their own fault. But Corona certainly didn't help them, did it? 😬

Our political landscape doesn't help either. Unstable countries aren't good for international business, any moron can figure that out. As of now, our entire healthcare system is crumbling and apparently we haven't even reached the peak. Of course, we're in isolation. Sort of. Tons of business have shut down too. Us? Oh, but we haven't even launched! We never could!

Enthusiasm has worn out. Money has worn out. It was deemed to happen, eventually. Pandemic is still on the rise. Still got bills to pay and no decent jobs out there. Or prospects. Or special talents or any ideas really. Community's growing slowly, as I predicted since the beginning. College expenses? Still college expenses. Cloud expenses? Still cloud expenses. The US Dollar? High. My patience? Low. Things figured out after 7 or 8 months? None.

We're closing the first semester of 2020 so it's only fair to assess this whole situation. I've exhausted my mental and physical health for this and other projects that ultimately won't resolve my initial concern, what have I accomplished by now? What's progress without results?

So beware kids out there. These are the things that they'll never tell you when they encourage you to "follow your dreams". Follow the money first. Buy your dreams later.

Oh boy. And what's next for me? Back to 101.

  1. 3

    I know the feeling man. I have wanted to succeed my whole life. Built my first startup, almost finished it and then got really sick. I almost died an thought I have achieved absolutely nothing. Now I am fine and still on track to achieve at least something.

    But I had the same feeling, I had worked so hard, everyone saw potential and then it all went down the dumps.

    Eventually I got better and finished the startup, but as it turned out, the market didn’t even really need my solution. So I went on to build my current startup Social Oracle. It’s not a booming success, but it’s slowly growing.

    Moral of the story is. Take it easy an pivot when needed. Most of the time it will benefit you a lot more to just ship your product and see what happens. The big launches and everything in between is just noise.

    Best of luck to you 🙂

  2. 1

    Thanks for sharing this insight @youce. Some good lessons learned!