This is a great question, so I will think about maybe making a bigger post on this. In the meantime...
It's not a race. Things take time. If you have the mental bandwidth, stamina, and funds to test multiple things at one time. I won't be the one stopping you! But it's not something I would generally recommend, especially as a beginner. You will make alot of mistakes along the way as you go through iterations. Doing ventures sequentially allow you to make the mistake, learn from it, and prevent that mistake from happening the next time.
If you really wanted to expedite your progress, I would go more towards spreading out your ideas across many genre's versus focusing on just one. For example, if you wanted to try a bunch of things, I wouldn't recommend going from making 1 product to sell on Amazon to trying 5 different products to sell on Amazon. There is so much you will learn from putting up your first product on Amazon. 1 of those things may even be "oh boy, I really misread what Amazon customers want". It would be better for you to have 1 product in the works to sell on Amazon and then also dip your toes in your Etsy Candle making business (probably a horrible business idea, but it was just an example off the top of my head!). Or your Power washing empire. etc... Then after you learn from all these different areas, you can start leveraging what you learned in one into the other. My recent post HERE, kind of talks about this. Make sure to read @fastlane_dad post right after mine to see that there are different ways to approach this.
As you can see, this may be a long road. But there's beer and free ice cream at the end, so keep driving! This is why we usually recommend you have a good way to derive income in the meantime that allows you to continue living a decent life in the meantime. (Also known as a job)
Hey Neo,
Thanks for the thorough reply! If you do find the time to create a bigger post on this specific topic, I'd love to read it. I read your other recent post you linked - right now I'm definitely at the point in my life where I have a blend of time and money (have a good amount of money saved for my age - I'm 24) so I'm going to utilize that and test a few ideas to see what comes out on top. Sometimes with entrepreneurship it's hard to grasp that things take time to grow, I expect quick results and have so many ideas, but I'm starting to learn entrepreneurship doesn't always work like that (especially as a beginner, I've only owned a business for a year and 3 months so not much time in the space at all in the grand scheme of things). You make some really good points, and luckily for now I have a job and my property maintenance business to keep me afloat while I test a venture that is a lot more scalable out (like e-commerce). For the time being, I'll keep on moving, grow my other venture and be more patient until I can get this product received. Again, thank you for the valuable reply.
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