Starting your own business can be an exhilarating adventure, but it’s also demanding and exhausting. One of the biggest lessons we’ve learned in our startup journey has been that there’s no magic formula to making money online – you have to put in the hard work and grind it out day after day after day. While it may sound cliché, there really isn’t any easy way to make money online – at least not if you’re planning on earning a sustainable income from your business.
What happens in the first three months
The first three months of starting your own business are full of surprises. For one, you quickly realize how much you don’t know. Even if you’ve done your research and think you have a solid plan, there are always going to be things that come up that you didn’t expect. This can be both good and bad. On the one hand, it’s exciting to learn new things and figure out solutions to problems. On the other hand, it can be overwhelming and stressful at times. It’s easy to feel like you’re never going to get everything figured out or feel like everything is crumbling around you. But just remember this – this is normal. Starting a company is hard, but it’s also exhilarating! It may not seem like it right now but in time these difficult moments will make for some great stories down the road. I hope my story has helped shed some light on what you might experience in the coming months. Stay strong and keep pushing forward because we all need someone who gets where we’re coming from. Remember to take care of yourself along the way so you can be your best self for work and your family. Don’t stop following your dreams even if they feel far away. You’re not alone.
What happens when your business grows
When your business starts to grow, you will inevitably face growing pains. These can include a shortage of resources, unexpected expenses, and difficulty scaling your operations. You may also find yourself working longer hours and dealing with more stress. However, the rewards of a successful business can outweigh the challenges. With hard work and dedication, you can build a thriving business that brings you both financial and personal satisfaction. The most important lesson we’ve learned is to take care of ourselves. It’s easy to push through difficult times because you are driven by your passion for the company, but when it comes down to it, if you’re not taking care of yourself physically and mentally then there’s no way you’ll be able to do anything else. So make sure that exercise is part of your routine, eat healthy food regularly, get enough sleep, surround yourself with people who support you and have a clear exit strategy for when things aren’t going well.
Tips to hiring great people
1. Create a clear and concise job description. The more specific you are, the better.
2. Use a variety of channels to reach potential candidates. Post on job boards, use social media, or contact people directly.
3. Ask for referrals from your network. One of the best ways to find great candidates is through word-of-mouth.
4. Conduct initial phone screens with all candidates. This will help you save time by weeding out those who are not a good fit for the position.
5. Be prepared to negotiate salary and benefits. Don’t lowball yourself or the candidate – be willing to come to an agreement that works for both parties involved. Don’t neglect important factors such as opportunity for growth, company culture, and commute when making hiring decisions. For example, if someone has an extensive work history but no formal education in computer science ask them about their experiences with computers.
6. Work closely with your new hire. This is important for establishing rapport and onboarding, as well as evaluating their work performance.
7. Make sure to document all meetings and conversations in writing.
How your lifestyle changes
The biggest downside of startup life is the lack of stability. In a traditional job, you have a set salary, set hours, and set vacation days. In a startup, none of those things are guaranteed. You may have to work long hours with no guarantee of pay, and you may not be able to take time off when you want to. Additionally, your job security is much lower in a startup. If the company goes under, you could find yourself out of a job with no warning. Your day-to-day routine changes as well. There’s often no scheduled working hours and it can feel like there’s always something more important to do than taking care of yourself. And while there are plenty of great perks that come with being part of a startup (i.e., flexibility, equity), many people aren’t cut out for this type of lifestyle and should steer clear entirely. It takes certain personality traits, skillsets, and priorities to thrive in such an environment. It might seem glamorous from the outside but if you’re not careful, it can turn into an uphill battle pretty quickly.
Are there any downsides?
Yes, there are some downsides to startup life. The hours can be long and the work can be challenging. You may not have a lot of time for your personal life or hobbies. And you may have to make some sacrifices in terms of pay and benefits. But the upside is that you get to be your own boss, work on something you’re passionate about, and build something from the ground up. So it’s definitely worth it! However, if you’re considering quitting your job for a start-up, think about all aspects of the decision before making a commitment.
What did I like best? Working with my team was great! We were able to problem solve together and create solutions quickly because we had such diverse backgrounds.
What did I dislike most? When we first started out, there were many times when I felt overwhelmed by how much needed to be done so fast. We often worked late into the night trying to catch up.
Why startups fail (hint, it’s not an excuse)
A lot of people want to work in startups because they think it’ll be fun and glamorous. And while it can be those things, it’s also a lot of hard work. Startups fail for a variety of reasons, but the most common one is that they simply run out of money. So if you’re thinking about working in a startup, be prepared to work long hours for little pay. And don’t expect any miracles. Things will never go as planned and you should prepare yourself for chaos at all times. It might seem like I’m being pessimistic, but that’s not the case. Working in a startup can be great when things are going well, but prepare yourself to fight through difficult times too!