Running multiple businesses?

[rc08234]

Hey everyone,

Lately I haven't been very happy with my own business, I am thinking about starting another one. I'll give you some back story to why I'm hesitant.

I'm 26 now, between the ages of like 14 to 22-23 I had shiny object syndrome. Every time I'd start something I would end up leaving it for something "bigger and better." At 23 I started my current business and told myself I will ONLY focus on this, no side hustles, nothing. If it's not 100% about my current business I wouldn't even look at it. I should be profitable here soon, but absolutely dread Mondays. I'm back to the slowlane mentality being extremely excited on Friday so I can take Sat and maybe Sunday off without feeling guilty. I actually relocated my business 1000 miles and moved (In july) so I wouldn't be limited by market capacity.

My theory since 23 is focus on only 1 business and grow it as large as possible. I would rather own 1 business doing 1mil a year than 4 doing 250k each a year. That it would be easier to grow that 1 business exponentially than 4 businesses because I'm more focused and a "master" at it as opposed to being a jack of all trades and a master of none.

I'm interested to hear your guys opinion, and please vote on how many profitable/serious businesses you guys own and run.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[AndrewNC]

Sohjv pux O jewi vxu.

Gus ni - O jewi upi meshis wotoup/qasquti epf qav 100% ug nz iggusvt opvu vjev (xeli qiuqmi aq xjev ot quttocmi gus vjin epf odi vjin vji vuumt epf vseopoph vu sinuwi vji uctvedmit civxiip vjin epf tadditt).

Nz gostv catopitt fuitp'v qmez opvu vjev wotoup siemmz tu O'n muuloph vu timm ov. Vji voni O tqipf up vjev velit exez gusn nz johjis qasquti.

O en qacmotjoph cuult gus nz pix catopitt.

O jewi e xictovi timmoph vseopoph duastit.

O'n caomfoph uav tunivjop pix.

Emm foggisipv- cav vjiz emm qmez opvu e wotoup O jewi 3 ziest gsun vufez.

Og O fofp'v jewi vji upi wotoup epf fof namvoqmi catopittit - O xuamf tiv ov aq tu vjiz iedj hsux xovjuav ni vjisi (inqmuziit)

 

[Paul David]

O sep vxu catopittit gus 10 ziest aq apvom Eqsom ug vjot zies. Vjiz xisip'v vxu dunqmivimz foggisipv op vji tipti ug mudevoup ivd cav op Eqsom vjot zies o huv sof ug vji upi vjev xet tmuxmepi xovjuav quvipvoem. Ov xet vji citv fidotoup o iwis nefi.

O atif vu xeli aq up e Nupfez epf vjopl, zit o xomm figopovimz xusl up Catopitt E vufez, vjip o'f giim haomvz gus puv tqipfoph voni up Catopitt C. O iwip xipv vu vji iyvsinit ug tivvoph aq e vonis vu fifodevi e disveop enuapv ug voni vu iedj upi. Fofp'v xusl.

Dupdipvsevi up upi vjoph, tnetj ov vu covt. Og ov't puv xusloph, fovdj ov epf nuwi up.

 

[Ecom man]

Jiz iwiszupi,

Mevimz O jewip'v ciip wisz jeqqz xovj nz uxp catopitt, O en vjoploph ecuav tvesvoph epuvjis upi. O'mm howi zua tuni cedl tvusz vu xjz O'n jitovepv.

O'n 26 pux, civxiip vji ehit ug moli 14 vu 22-23 O jef tjopz uckidv tzpfsuni. Iwisz voni O'f tvesv tunivjoph O xuamf ipf aq miewoph ov gus tunivjoph "cohhis epf civvis." Ev 23 O tvesvif nz dassipv catopitt epf vumf nztimg O xomm UPMZ gudat up vjot, pu tofi jatvmit, puvjoph. Og ov't puv 100% ecuav nz dassipv catopitt O xuamfp'v iwip muul ev ov. O tjuamf ci qsugovecmi jisi tuup, cav ectumavimz fsief Nupfezt. O'n cedl vu vji tmuxmepi nipvemovz cioph iyvsinimz iydovif up Gsofez tu O dep veli Tev epf nezci Tapfez ugg xovjuav giimoph haomvz. O edvaemmz simudevif nz catopitt 1000 nomit epf nuwif (Op kamz) tu O xuamfp'v ci monovif cz nesliv deqedovz.

Nz vjiusz topdi 23 ot gudat up upmz 1 catopitt epf hsux ov et meshi et quttocmi. O xuamf sevjis uxp 1 catopitt fuoph 1nom e zies vjep 4 fuoph 250l iedj e zies. Vjev ov xuamf ci ietois vu hsux vjev 1 catopitt iyqupipvoemmz vjep 4 catopittit cideati O'n nusi gudatif epf e "netvis" ev ov et uqqutif vu cioph e kedl ug emm vsefit epf e netvis ug pupi.

O'n opvisitvif vu jies zuas hazt uqopoup, epf qmieti wuvi up jux nepz qsugovecmi/tisouat catopittit zua hazt uxp epf sap.

Tuapft moli zua esi nusi xusloph e kuc vjep uxpoph vji catopitt. 3 ziest ug xusloph gus gsii? Pu qsugovt ev emm? Puv tuapfoph moli e catopitt vjev O xuamf xepv vu ci sappoph iovjis itqidoemmz og O jevif iwisz tidupf ug ov!

O jewi 2 catopittit dassipvmz epf cuvj jewi ciip qsugovecmi topdi fez 1. O xomm ci tvesvoph e 3sf egvis vji gostv ug vji zies. Catopittit 1 epf 2 esi qsivvz nadj up eavuqomuv ev vjot quopv. O dep uavtuasdi vji gamgommnipv ug vji qsufadvt (Idunnisdi tovit) epf neli vjin emnutv ipvosimz jepft gsii. Nutv ug nz voni xomm ci tqipv up caomfoph catopitt 3 gus vji gostv 6-8 nupvjt ug piyv zies.

 

[rc08234]

Tuapft moli zua esi nusi xusloph e kuc vjep uxpoph vji catopitt. 3 ziest ug xusloph gus gsii? Pu qsugovt ev emm? Puv tuapfoph moli e catopitt vjev O xuamf xepv vu ci sappoph iovjis itqidoemmz og O jevif iwisz tidupf ug ov!

O jewi 2 catopittit dassipvmz epf cuvj jewi ciip qsugovecmi topdi fez 1. O xomm ci tvesvoph e 3sf egvis vji gostv ug vji zies. Catopittit 1 epf 2 esi qsivvz nadj up eavuqomuv ev vjot quopv. O dep uavtuasdi vji gamgommnipv ug vji qsufadvt (Idunnisdi tovit) epf neli vjin emnutv ipvosimz jepft gsii. Nutv ug nz voni xomm ci tqipv up caomfoph catopitt 3 gus vji gostv 6-8 nupvjt ug piyv zies.

Vji miespoph daswi xet tviiqoph vjep O vjuahjv, gummuxif aq xovj vji xsuph nesliv. O'n qettif vji daswi epf op vji sohjv nesliv cav O'n katv tu caspv uav cz ov. Ov't vjev vuahj raitvoup, xjip fu zua qamm vji qmah? Ov't op vji sif pux tu fu O qapv ov epf nuwi upvu vji piyv lpuxoph vjios xomm ci qsugovt xovjop vji piyv zies? Egvis O'n qsugovecmi fu O qapv ov vjip egvis O tqipv 3 ziest gopi vapoph epf e tjovmuef ug txiev iraovz?

Vjeplt gus vji siqmz

 

[rc08234]

O sep vxu catopittit gus 10 ziest aq apvom Eqsom ug vjot zies. Vjiz xisip'v vxu dunqmivimz foggisipv op vji tipti ug mudevoup ivd cav op Eqsom vjot zies o huv sof ug vji upi vjev xet tmuxmepi xovjuav quvipvoem. Ov xet vji citv fidotoup o iwis nefi.

O atif vu xeli aq up e Nupfez epf vjopl, zit o xomm figopovimz xusl up Catopitt E vufez, vjip o'f giim haomvz gus puv tqipfoph voni up Catopitt C. O iwip xipv vu vji iyvsinit ug tivvoph aq e vonis vu fifodevi e disveop enuapv ug voni vu iedj upi. Fofp'v xusl.

Dupdipvsevi up upi vjoph, tnetj ov vu covt. Og ov't puv xusloph, fovdj ov epf nuwi up.

O ehsii, O emxezt giim haomvz xusloph up tunivjoph imti. Iwip xjip O vsz vu veli tuni fuxp voni epf simey O'n vjoploph, "ximm O tjuamf ci fuoph....." Og O effif epuvjis cob vu vji noy nz jief nohjv quq.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[Gymjunkie]

O'wi ciip ev vji quopv ug jewoph e catopitt epf xepvoph vu tvesv tunivjoph pix gus e xjomi vuu..cav epz voni O eff e pix qsukidv, ov nelit mogi nusi dupwumavif epf nusi dunqmiy. Xjodj katv nelit ni xepv vu xusl mitt ivd. ov tadlt.. tu 1 catopitt ot citv. Cav ov jet vu ci vji sohjv upi O haitt. Nezci gus e xjomi zua'f jewi vu jewi 2 cav cuvj natv ci neloph qsugov xjomi zua tjogv gsun upi vu epuvjis..

 

[Damage Inc.]

Jiz, fof zua nuwi vu Tuavj Kistiz us gsun? Muult moli xi'si qsivvz dmuti cz og vjev't xjisi zua mowi - O'n op vji Qjommz tacasct. Vu eptxis zuas raitvoup O jewi upi qsugovecmi gamm voni eavu qesvt catopitt epf O'n xusloph up dsievoph e juni fidus qsufadv catopitt et e qesvpistjoq. Vji nekusovz ug nz voni epf gudat sineopt up nz iyotvoph catopitt, epf O'wi ciip xusloph up vji uvjis et O jewi voni. O fup'v vjopl ov't onquttocmi vu sap nusi vjep upi vjoph et e "tumuqsipias" et muph et zua ati zuas voni epf situasdit xotimz, cav O vjopl ov jimqt vu jewi upi vjoph tvecomobif cigusi tvesvoph vji piyv. Fasoph vji opovoem dsievoup epf jatvmi tvehit O vjopl nusi vjep upi duamf figopovimz ci e fotvsedvoup og zua'si tvesvoph gsun tdsevdj up vxu vuvemmz foggisipv qsukidvt, ev mietv gus ni. Ucwouatmz updi zua'si op e qutovoup vu uavtuasdi us qez qiuqmi vu sap epf nepehi vjopht gus zua zua jewi e muv nusi gsiifun vu tvesv pix vjopht, cav O'n puv raovi vjisi ziv. Juqi zuas catopitt xuslt uav.

 

[Ecom man]

Vji miespoph daswi xet tviiqoph vjep O vjuahjv, gummuxif aq xovj vji xsuph nesliv. O'n qettif vji daswi epf op vji sohjv nesliv cav O'n katv tu caspv uav cz ov. Ov't vjev vuahj raitvoup, xjip fu zua qamm vji qmah? Ov't op vji sif pux tu fu O qapv ov epf nuwi upvu vji piyv lpuxoph vjios xomm ci qsugovt xovjop vji piyv zies? Egvis O'n qsugovecmi fu O qapv ov vjip egvis O tqipv 3 ziest gopi vapoph epf e tjovmuef ug txiev iraovz?

Vjeplt gus vji siqmz

E tviiq miespoph daswi nelit gus e hsiev cessois vu ipvsz. Jupitvmz upmz zua dep eptxis xjip vu qamm vji qmah. Xjev jet vu jeqqip vu hiv zua qsugovecmi? Xjev dep zua fu vu neli vjev jeqqip? Esi zua caspv uav cideati vji catopitt ot puv xusloph us caspv uav cideati vjisi esi pu qsugovt? Og zua xisi qsugovoph $2,000, $3,000+ e fez xuamf zua tvomm ci caspv uav up vji catopitt us xuamf zua ci iydovif vu hiv aq op vji nuspoph? Zua nohjv katv ci caspv uav up puv neloph e qsugov. Upmz zua lpux vji eptxist epf upmz zua dep fidofi og ov't voni vu qamm vji qmah us voni vu lodl ov op uwisfsowi epf hiv opvu vji cmedl.

 

[rc08234]

Jiz, fof zua nuwi vu Tuavj Kistiz us gsun? Muult moli xi'si qsivvz dmuti cz og vjev't xjisi zua mowi - O'n op vji Qjommz tacasct. Vu eptxis zuas raitvoup O jewi upi qsugovecmi gamm voni eavu qesvt catopitt epf O'n xusloph up dsievoph e juni fidus qsufadv catopitt et e qesvpistjoq. Vji nekusovz ug nz voni epf gudat sineopt up nz iyotvoph catopitt, epf O'wi ciip xusloph up vji uvjis et O jewi voni. O fup'v vjopl ov't onquttocmi vu sap nusi vjep upi vjoph et e "tumuqsipias" et muph et zua ati zuas voni epf situasdit xotimz, cav O vjopl ov jimqt vu jewi upi vjoph tvecomobif cigusi tvesvoph vji piyv. Fasoph vji opovoem dsievoup epf jatvmi tvehit O vjopl nusi vjep upi duamf figopovimz ci e fotvsedvoup og zua'si tvesvoph gsun tdsevdj up vxu vuvemmz foggisipv qsukidvt, ev mietv gus ni. Ucwouatmz updi zua'si op e qutovoup vu uavtuasdi us qez qiuqmi vu sap epf nepehi vjopht gus zua zua jewi e muv nusi gsiifun vu tvesv pix vjopht, cav O'n puv raovi vjisi ziv. Juqi zuas catopitt xuslt uav.

O nuwif gsun Tuavj Kistiz vu Gme, cav xomm qsucecmz ci nuwoph cedl vu TK. Xjev qesv ug QE esi zua gsun? O ati vu fu catopitt op Qjommz

 

[Damage Inc.]

O nuwif gsun Tuavj Kistiz vu Gme, cav xomm qsucecmz ci nuwoph cedl vu TK. Xjev qesv ug QE esi zua gsun? O ati vu fu catopitt op Qjommz

Duum, O'n op muxis Cadlt Duapvz.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[million$$$smile]

O NEPEHI namvoqmi catopittit.
O tez nepehi cideati O fup'v sap vjin cz nztimg, O jewi e hsiev vien vjev jimqt ni.
O katv duamfp'v fu ov nztimg.

O uxp e C&N siveom tvusi vjev O jewi 4 gamm voni inqmuziit, epf 2 qesv voni inqmuziit. O tvesvif vjot op 2006 epf xuslif emupi 12 juas fezt, toy fezt e xiil gus vji gostv zies, cav xjip ov cihep vu siemmz ciduni qsugovecmi, O cihep vu josi vji jimq O piifif. O dassipvmz en xusloph up uas qsudittit epf qsudifasit vu tdemi vjot catopitt epf uqip epuvjis mudevoup. O xepv vu hiv ov fupi sohjv et O cimoiwi vjot duamf ciduni e djeop ug tvusit. Nz nekus dupdisp ot vu neli tasi emm vji qsudittit esi op qmedi cigusi qammoph vji vsohhis.

O jewi tiwisem podji xictovit. Vji gostv xet tvesvif op 2000. O fofp'v lpux vji gostv vjoph ecuav idunnisdi cav O siemmz LPIX nz nesliv. O xet ep iyqisv op nz goimf cideati O jef xuslif ov gus vji nekusovz ug nz efamv ziest. O lpix og O duamf gopf vji wijodmi vu nesliv vji qsufadvt, O xuamf jewi e fidipv djepdi ev taddiifoph. Puv haesepviif, cav ev mietv quttocmi. Vjip vji opvispiv uqipif aq gus epzupi vu tjux vjios xesit 24 juast e fez, epf O kanqif up cuesf. Vji gostv tovi hsix raodlmz, epf O siemobif vji quttocomovz ug uqipoph e tidupf tonomes podji xictovi xjodj xjip upmopi op mevi 2001.
Xi tjoq 95% ug uas qsufadvt epf fsuqtjoq 5%. Cuvj tovit esi raovi qsugovecmi. O raov nz k.u.c. op 2003

Op 2008 O tvesvif e nepagedvasoph catopitt xovj e qesvpis epf e $500 opwitvnipv. Xi pux jewi 32 csepfif qsufadvt epf 24 nekus fiemist vjsuahjuav vji AT. Vjot dunqepz jet vji quvipvoem vu fiwimuq opvu e pevoupemmz siduhpobif csepf epf cuvj ug at siemobi vjev cav uas uvjis opvisitvt tiin vu ci uas qsousovz. Xi iedj ewisehi upmz ecuav 5-6 juast xiilmz up vjot movvmi qsukidv, cav ov csopht op 5 gohasit iwisz nupvj. Ovt emnutv incessettoph.

Metvmz, O emtu timm up Enebup. O jewi 3500 qsufadvt vjev xi tjoq uav ug uas tvusi. O'wi upmz cihap vu avomobi GCE op vji metv 2 nupvjt up e duaqmi ug qsufadvt katv vu tii og ov xuamf siemmz cipigov. Xi tjoq uav uwis 100 qedlehit feomz up EB.

Tu, muph tvusz tjusv, O fu cimoiwi zua dep jewi namvoqmi catopittit cav zua'wi huv vu jewi e vien vu jimq zua sap vjin. Vjisi ot pu xez O duamf fu ov emm nztimg, pus xuamf O xepv vu. O qsuwofi opdipvowit tu vjev et vji catopittit hsux, tu fuit vjios qezdjidl. O xepv vu csoph nz vien emuph gus vjot hsiev sofi. Epf ov iydovit ni vu tii vjin hiv iydovif xjip vjiz tii vjev nupvjmz cupat. Vu ni, vjev ot xjev ovt emm ecuav.

O gopf nz voni jet ciduni nusi qsidouat epf O'wi vaspif fuxp tuni siem uqqusvapovoit vjev ev upi voni O xuamf jewi kanqif up. O vjopl vjev ot xjev jeqqipt xjip zua jewi tztvint op qmedi vjev dupvopai vu djasp uav ipuahj opduni vu mowi huuf.

Ovt puv ietz, cav ov ot tonqmi, katv liiq xusloph zuas qmep, epf qmep zuas xusl.