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Most people overestimate how much they can accomplish in a year but vastly undertreated what they can achieve in three years more. My first business I made practically no money for three years.
Once our businesses started catching fire, making money was restively easy but we never would have seen a penny had we quit thing those first few months of struggle. All that to say, it takes time to figure out how to build a business that works for you and priorities.
You should pursue your business with the goal of sticking with it for at least three years no matter what. With a long term mindset, you will be prepared to weather through any storm. But is not it too late to start a business? Is not the market saturated? Do not average age of leaders of high growth most business fail? According to a number of sources, including Duke University, the average entrepreneur is forty years old when launching his or her first business. The average age of leaders of high wroth starts ups is forty five years old. Not everything you try is going to work out, but it never too late to start.
It pays to experiment with different models to see what sticks and to be patient. Plant a number of seeds in hopes that something might grow. In the grand scheme of things, your first business will probably not be a home run but you will probably score at least a base hit and the experience will be priceless. My eBay arbitrage business make $1,500 per month and was a decent base hit but because it was not scalable, I shut it down and parlayed the ecommerce skills to launch.
It does not matter how slowly you go as long as you do not stop. This is the mindset you must have when building a business. If you take a look at all of the most successful companies out there, you will notice that they all share one common trait. It took them many years to get there. FedEx did not make a single dollar for five years.
I do not have known what is next for you but I hope you find a way to create a life you love, one that connects you to what matters most to you. I hope you do not settle for mere success or status or even a boatload of money. I hope you doing what you are truly looking for.
Because the secret to be happy that I have found is showing gratitude for what you already have, recognizing how lucky you are to be where you are. If you are able to maintain a healthy mindset as an entrepreneur, you can run a fulfilling business that fits with your lifestyle and brings you joy. And that is just the beginning.
