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7 Comments

Would anyone care to hear about my other business?

I have been contemplating posting about my other business on here. My other business is an Agency, not a SASS app or any other "sexy" kind of business. It's just a small business (5 employees) that pays for me to work on my other apps.

I would be interested to see if anyone would be interested in hearing about this style of business. What are your thoughts?

#ask-ih

on July 15, 2019
  1. 1

    Yes, I'm in the same boat, but we are only 3 in total. I would definitely like to hear more @chrisblackwell and any other agency owners on how you run your shop, develop products on the side and possibly make the transition to a product only business.

  2. 1

    I did just that.

    *Left my job to focus on my startup- I had some savings
    *My saving dried up before my startup could take off

    • started on online Cabin building company with my friend, now pays me minimum wage but has good cashflow. Problem is it requires quiet a bit of my time.
    • started 2 extra side hustles that's a bit more automated. 1) a course on how to build saas platforms using wordpress (https://wpsaas.pro) . Not enough profit but pays for few bills
    1. an online airport transfers website. ( this generated huge profits for me to focus on my original startup)

    Lesson learnt,

    1. dont just take risk but take calculated risk.
    2. Fail fast fail forward.
    1. I know have learnt to focus on quick turnaround startups that generate cashflow in short amounts of time. This would fund bigger projects.
    1. I try to stay away from service business. They are Time hogs unless automated.
  3. 1

    I would love to hear about how you built it. I recently left my job to work on my product ideas. To sustain my efforts, I started a product development consulting agency. I have yet to bag a client but I'm determined to make this work.

    Would you be open to a video call with a few of us who are interested?

  4. 1

    Yes! Would love to hear more details Chris :)

  5. 1

    Of course we want to hear about it! A lot of us are funding our side products with an agency and would love to learn from you.

    1. 1

      Same here, Agency owner - wanna-be SaaS-preneur

    2. 1

      Yes, what @whmountains says!

      And bear in mind, some people would love to have 5 employees that pays for them to work on other things. We all have different paths and hearing how others do things helps them along the way.

      I have a similar story where I've been able to 95% step back from my business to do other things. I ended up choosing to help run the community for IH :)