Some people focus on being “satisfied” and a few are focused on “what is possible.”
So what is your problem… exactly?
An entrepreneur accepts the fact that other won’t see the light shining on the horizon.
So what else is new?
Some people focus on being “satisfied” and a few are focused on “what is possible.”
So what is your problem… exactly?
An entrepreneur accepts the fact that other won’t see the light shining on the horizon.
So what else is new?
That’s why you’re an “entrepreneur.”
If it wasn’t any different, you wouldn’t be one…
Your “Vision,”
You know how to make it rain…
So what’s YOUR “real” concern?
You’re in a “conundrum.”
On the one side you want to get out and be able to rest.
On the other side, part of you is saying that you’re giving away a lot of your “blood, sweat, and tears” and being fully compensated.
Write down the “pro’s and con’s” of every option.
Write it down in your journal and make sure to give it a day or two before deciding.
Your mind will help you point the way… Just make sure to give you mind time enough to figure it out…
Where is it?
Simple.
What does your prospect get out of the deal?
Coca Cola invented “Santa Claus.”
So you tell me…
Simple.
Do you have a family member or close friend who has any interest in the product that you are selling.
Ask them not about your product but rather whether your website makes sense to them.
Can you share with us WHY you think that your target audience should be emotionally charged by your offerings?
Be specific. You know your target audience.
What gets them excited and motivated?
Think like a “cult leader” or a “pirate.”
If you can trigger emotions then maybe you want to move on to something else.
This is the entrepreneurship subreddit.
The entrepreneurship journey is “Vision,” build and launch a “viable and sustainable” business and decide the next step once you’ve crossed the “viability” and “sustainability” milestone.
So how do you connect your 250K with your entrepreneurship journey?
Maybe you could expand on your business goals and objectives.
It appears that you want a high ROI.
What does the World want to buy?
Depends on the playing field.
If you have a lot of established competitors, they GROK the playing field.
So what’s your business strategy?
It can help a lot to change the way that you look at your challenges.
Maybe begin by thinking of your business as your “babyStartup.”
And then examine babyStartup’s health and growth. Most of your business related challenges can be solved and there are many professionals that can help you solve them.
The fact that you have a proven track record means that you are thinking more about getting out of a situation that has slowly worn you down and is affecting your overall health. You’re about to “flee” this situation.
That’s not an unusual situation when one person starts a small business and it grows to a size where insisting on doing everything yourself no longer works.
The solution here is to start working on the business instead of in it.
And that means adding people to your team to take care of the routine operational parts. Delegating tasks is not complicated.
Maybe reflect on these questions:
These are not easy questions to answer. Having built a “viable and sustainable” business is a big achievement. Not many startups reach this point.
So priority #1 is your health. And if you decide to flee and regroup, don’t look at this as a failure but rather keep in mind that next time, you will want to think about managing the business.
You know how to talk to your target audience so that skill will remain and be invaluable in your next startup.
And what is it exactly that you mean when you say:
“My partner is very supportive of my journey so financially I don’t have much commitments.”
Do you mean that you are free to focus all your attention to the business and not be concerned about your basic needs?
"
Think of the LLC as a person.
Your formal business relationship is with the LLC. LLC closed down means good bye 5K. Proving intend to defraud is something you may want to discuss with a legal professional.
You stated that your friend has no business plan or strategy. So if you were to evaluate today what your friend brings to the LLC, what would you say?
As mentioned by others, 5k is more of a learning experience than an amount that is worth recovering unless there are intangibles that make it personally worthwhile for you.
Can you maybe expand on what he means by “if you quit the investment is lost”
You’ll have to be more specific.
There are many ways to attract, connect, and engage with your target audience.
When you say “that nobody is actively looking or searching for?” , do you mean that nobody has ever thought about buying what it is that you want to sell and you don’t even know who would be interested to buy it?
Or are you assuming that their is a group of people that you know would be eager to buy if only they understood the benefits and you want to reach out and touch them?
You become an entrepreneur when you actively work on translating your “Vision” into a viable and sustainable business.
Since you have yet to find that “Vision,” maybe you could share the top three activities that soak up your time.
Are you equating “creativity” with "technical?
The “gray” market involves distributors leapfrogging the rules of their supply chain which can result in the loss of their distribution rights.
And they buyer may have to deal with a “murky” warranty situation.
You fear because you have no idea of who might “believe.”
So consider this an experiment for identifying who it is that you are.
Think of yourself as a cult leader. Who do you think should care.
And start testing your assumptions.
Painful but necessary work.
You can find gold nuggets unless you dig a few holes.