Slowlane to fastlane vs. slowlane and fastlane

[simonn]

I noticed that here are people on this forum who go slowline to fastlane by growing their slowlane businesses and eventually making a lot of money. And there are people who's success stories come from their side-projects, like MJ DeMarco's Limousine website while he was working and then freelancing.

So interesting to see what are people opinions on this.

Slowlane TO → fastlane - growing slowlane business, like web design freelancing to an agency, which can turn out to be less risky and possibly slower to grow than a product, but still make $30k+/mo of pure profits within ±5 years and be possible to exit in ±5-10 years. It would be also harder and less interesting to work on it than on fastlane business.

Slowlane AND + fastlane - working on a slowlane business, like freelancing, which takes most of your time, and slowly building a fastlane business on the side. Like an internet product / SaaS, which may take a year or few to build and grow and may still not succeed and finally loose you time and money. But with a chance of 1 of 100, it can succeed within year or few and get you out of freelancing allowing you to fully focus on it, making $30k+/mo and rapidily growing, and where you eventually can exit to 7-8 figures within 5-10 years.

 

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[MJ DeMarco]

I noticed that here are people on this forum who go slowline to fastlane by growing their slowlane businesses and eventually making a lot of money. And there are people who's success stories come from their side-projects, like MJ DeMarco's Limousine website while he was working and then freelancing.

So interesting to see what are people opinions on this.

Slowlane TO → fastlane - growing slowlane business, like web design freelancing to an agency, which can turn out to be less risky and possibly slower to grow than a product, but still make $30k+/mo of pure profits within ±5 years and be possible to exit in ±5-10 years. It would be also harder and less interesting to work on it than on fastlane business.

Slowlane AND + fastlane - working on a slowlane business, like freelancing, which takes most of your time, and slowly building a fastlane business on the side. Like an internet product / SaaS, which may take a year or few to build and grow and may still not succeed and finally loose you time and money. But with a chance of 1 of 100, it can succeed within year or few and get you out of freelancing allowing you to fully focus on it, making $30k+/mo and rapidily growing, and where you eventually can exit to 7-8 figures within 5-10 years.

I honestly don't care how it happens.

Be led by problem/solution, scale, and let the market guide you.

 

[Kevin88660]

I noticed that here are people on this forum who go slowline to fastlane by growing their slowlane businesses and eventually making a lot of money. And there are people who's success stories come from their side-projects, like MJ DeMarco's Limousine website while he was working and then freelancing.

So interesting to see what are people opinions on this.

Slowlane TO → fastlane - growing slowlane business, like web design freelancing to an agency, which can turn out to be less risky and possibly slower to grow than a product, but still make $30k+/mo of pure profits within ±5 years and be possible to exit in ±5-10 years. It would be also harder and less interesting to work on it than on fastlane business.

Slowlane AND + fastlane - working on a slowlane business, like freelancing, which takes most of your time, and slowly building a fastlane business on the side. Like an internet product / SaaS, which may take a year or few to build and grow and may still not succeed and finally loose you time and money. But with a chance of 1 of 100, it can succeed within year or few and get you out of freelancing allowing you to fully focus on it, making $30k+/mo and rapidily growing, and where you eventually can exit to 7-8 figures within 5-10 years.

Slowlane usually refers to working on a job and use your saving to invest passively.

I think what you are saying it’s getting involve in businesses that are not known to “scale easily”. Web-design, consulting….

I see a lot of hybrid activities here that are mid lanes.
-working on a job then do active investing in real estate (real estate wholesaling for instance)
-E-commerce as cash generator and doing active investing in real estate.

A physical retail shop, or a physical service business like car repair or landscaping, once you need to hire and train human such things don’t scale easily. But it’s not stopping people in the real world from achieving decent financial success with that kind of traditional business.

A youtube with 100k subscriber working everyday to post high quality videos 3 times a week, earning from adsense and affiliates is in fact earning money more like a job (and in this stage worse in many aspect). But in theory content creation scales easily once you even hire a small teams of professionals. Just look at Mr Beast.

A lot of time “fast” in this forum means easiness to scale which means sell a lot of units to a lot of people at the same time. Many business cannot do that well. But its not stopping them from hitting the decent financial goals they aspire to achieve.

MJ is quoted 3k for some electric installation work. If your gross margin per service is in 4 digits it’s okay that you don’t scale very well, and it’s not that you cannot scale at all.

Things that scale well tend to be online based and software in nature, means also that there is no physical barrier to competition that you are competing with the best and brightest from all over the world.