Posts about Business, Economics, and Finance
I (34M) have all these business ideas I keep dreaming about going into business with, and then I go about doing nothing.
The progress has been zero on my ventures cuz :
Am I smart enough to run a business?
Will the idea be worth anything or will I just waste another few years of my life.. 34 is a decent number already.
Do I really have it in me to devote the efforts it needs to run ?
Will I be willing to sacrifice my sleep and health to make it a success? (No health issues but poor sleep causes tonnes of problems w/ me )
Will I ever be able to hire top talent considering I never went to a great college? And later manage/ motivate them.
What if I lose interest in the idea once I get to some point? I do find myself changing my mind frequently. Got a business degree first, later got into med-school, dropped out, failed twice in biz and basically clueless on what to do.
Wizards of reddit, badly in need of help with the inertia!
Note: I have a basic business plan. But itโs the inertia I battle w/ most since Iโve had my share of failures from being fired twice, to taking too big business risks and losing it all. I have a family of 2 (wife+daughter 6y/o) . Trying to start all over again. Regarding the idea : Its a health-tech business. Iโve done tonnes of research and worked 10 years in the industry.
Little background: The worst case scenario I worry about most is divorce for me. I have a loving wife who has been sticking it out for the last 8 years. An incredible human being and has done everything for my success. Yet the last 2 failures have had a crippling effect on our lives. Wont go into details tl;dr had a great business in health and wellnessโ my family business I took to the US, had an incredible product market fit, solid conversions, crazy contacts and clients (think hollywood + beiber kanye level), then compliance got me and forced me to close the business. The patients/ clients I worked w/ still reach out to me since the product was revolutionary. Lost my visa and w/ a lot a shit lot of financial losses accumulated. I returned in debt and my wife paid for everything w/ her job. The darkest 3 years of my life. Still coming to terms w/ it and patching up the relationship. I have a 6 yr old daughter and shes witnessed our arguments and everything. My wife is mad supportive, believes in my vision basically stood by me but this time around I find it so hard going all in, from 25-33 following my gut and going against my family and evrryone has been the norm for me. I feel ive toned it down and miss it too, hence the post.
Finallyโ back in my mid twenties, took all the risks.. classic reckless YOLO stuff, made money so no one cared, finally came to crash n burn. Trying to gather strength all over again.
Edit: No shit, you guys have been mad helpful.
Thanks everyone who has been helpful and took the time to offer me advice. I promise, I have taken it all in and appreciate your help. If nothing else, this thread has been super informative.
A bunch of people have asked about the progress: Iโve built out the website. And Iโm keen on your response in this quick survey
For those who asked what the venture is going to be about: It is a root-cause health service that gets to the bottom of your nagging health concerns, being solved with Functional Health and Complementary Medicine.
Itโs always going to be free for users. Except when you subscribe for the Graphs and charts. Health practitioners will be paid by the company, and they form the board.
Incase anyone is further interested feel free to PM me, we can find a way to work this.
thank you !