Home – New Forums Wellbeing & balance Giving up!

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  • #999020
    johnnycashflow
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    so recently ive started to think that I might give up in the quest to start the ultimate business,

    im in my late 30s,
    as a kid whenever I saw something that I thought was cheap, I thought, hmm, how could I onsell that
    did my first IT business in my early 20s that failed spectacularly, I lost everything, and went virtually bankrupt,
    I bounced back and did 2 small online businesses, plus a hospitality business

    these businesses never got past being a one man operation,
    they did not too bad,and Iwas able to replace my income with the profits, plus a bit extra,

    unfortunately, they only lasted 1-3 years due to many factors such as exchange rate, economy, personal stuff, supplier issues, (most of it I believe at the time was out of my control), but many say forseeing these is my duty and in my control,

    anyway, fast fwd a few years, im back in to an industry that I enjoy, however paid very low, well under $100k, closer to $50k than $100k,
    im healthy, fit, single, fairly happy and comfortable

    however, I am losing my mojo in trying to find the ultimate business, or be a part of a success story,

    admittedly, when I read news.com.au, and every second article is about some kid who is earning $50k a month for blogging, or some Instagram model who earns $10k just for being a pretty face in photos, or some crypto kid who is worth $1 billion , while watching shark tank, and seeing some of the ideas that to me are pretty unremarkable but doing well

    I start asking myself, is it too late, despite being a adult for 20ish years, and have tried a few things and not succeeded in my mind, maybe I just dont have it,
    maybe I should just give up and be content with what I have acheived so far?

    edit: this post is on the back of a stressful couple of weeks, where ive been in and out of court trying to recover money from people who owe me some money, admittedl I probably wont get back

    #1217392
    Rowan@quaotic
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    IMO, if you are chasing a business for yourself that is just about money then you are going to fail. If you stop thinking about money and do it because you enjoy it – then you can become the best in your field, get recognised, and only then does the money start.

    That takes a lot more time but it is more sustainable long term. Sounds to me you might have to enter a monestery or something and learn that money isn’t everything before you get it. Not meaning to be offensive.

    #1217393
    johnnycashflow
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    Rowan @ GardenLarder, post: 262094, member: 28171 wrote:
    IMO, if you are chasing a business for yourself that is just about money then you are going to fail. If you stop thinking about money and do it because you enjoy it – then you can become the best in your field, get recognised, and only then does the money start.

    That takes a lot more time but it is more sustainable long term. Sounds to me you might have to enter a monestery or something and learn that money isn’t everything before you get it. Not meaning to be offensive.
    no offense taken whatsoever,

    I hope I didnt come across as all about money,

    at the end of the day, we need money, and my current job I enjoy, and get paid very low, and im not struggling financially,

    however, part of the reasons why I want to do my own business ,is for several reasons not limited to
    – personal satisfaction, nothing more satisfying than beiung proud of creating something
    – hopefully the fianncial freedom at some point
    – the ability to retire early whilst others are slogging it hard until 65
    – the fact that the possibilites are endless
    – the opportunity to meet like minded people, which I love

    unfortuantely, doing your own business comes with multiple risks

    #1217394
    Paul – FS Concierge
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    Hi Johnny – have a look at this thread – it will give you some food for thought and in your 30’s you are definitely not too old.

    I have noticed in previous threads that you seem to gravitate to business ideas that others have made into huge businesses.

    I don’t do this – I think I can turn any problem that enough people have into a business and my requirements seem really small vs yours – for me, anything where I feel I can make $100k+ annually is enough to get me thinking.

    #1217395
    RunicConvenience
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    I have always been against the idea of retirement it’s a lie we are told, but really if you have any stint of time not working it gets extraordinarily lonely or boring.

    Essentially our interactions and day to day life are revolving about what we do but if your “holidaying” all the time whom do you tell about it. Other people, your social network is working when your not so the freedom is artificial almost always end in dying faster.

    My business goal as in the long term not the whole point of the business is that I can work doing something I tolerate until the time I drop maybe do short holidays once every five years. Having my other employees run the show for the month.

    By doing a job, you can occasionally stand you meet people. Socialise and keep your mind active by being always forced to learn and improve that does more for the process of aging than anything else.

    so if your goal is really to retire earlier, what is it your wanting from that retirement and why can’t you achieve that now?

    #1217396
    johnnycashflow
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    RunicConvenience, post: 262106, member: 112020 wrote:
    I have always been against the idea of retirement it’s a lie we are told, but really if you have any stint of time not working it gets extraordinarily lonely or boring.

    Essentially our interactions and day to day life are revolving about what we do but if your “holidaying” all the time whom do you tell about it. Other people, your social network is working when your not so the freedom is artificial almost always end in dying faster.

    My business goal as in the long term not the whole point of the business is that I can work doing something I tolerate until the time I drop maybe do short holidays once every five years. Having my other employees run the show for the month.

    By doing a job, you can occasionally stand you meet people. Socialise and keep your mind active by being always forced to learn and improve that does more for the process of aging than anything else.

    so if your goal is really to retire earlier, what is it your wanting from that retirement and why can’t you achieve that now?

    yes i agree with you, I had a distant relative who worked their butt off their whole life in a PAYG job, he retired a few years early for whatever reason,
    within 6 months, of doing nothing, he had died from health issues, never had a health issue in his life

    my ultimate dream is not to sip cocktails by the beach like in those instagram photos, I know that doing nothing gets old quickly,
    whenever I go on holidays, by day 10, Im getting bored

    I want the ability ot have choices, travel whenever I want, work whenver I want, do some volunteer work when I want,
    all without having to worry about bills, lifestyle costs, etc,

    its all about options for me ;)

    #1217397
    johnnycashflow
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    Paul – FS Concierge, post: 262103, member: 78928 wrote:
    Hi Johnny – have a look at this thread – it will give you some food for thought and in your 30’s you are definitely not too old.

    I have noticed in previous threads that you seem to gravitate to business ideas that others have made into huge businesses.

    I don’t do this – I think I can turn any problem that enough people have into a business and my requirements seem really small vs yours – for me, anything where I feel I can make $100k+ annually is enough to get me thinking.
    yes paul totally agree, im not looking for millions as a minimum, although Iwouldn t be complaining,

    I don’t do this – I think I can turn any problem that enough people have into a business and my requirements seem really small vs yours – f

    thats a very interesting way to look at it,

    Ido notice that many successful businesses , the idea is very basic,

    take subway for an example,
    its essentially a sandwich shop, prior to subway, sandwich shops existed, but obviosuly they did things a bit differently and succeded massively,

    so yeah, definitely not looking to reinvent the wheel,

    dominos is another example, I am a litle surprise as to the extent of its success, with people becoming more health conscious, while eagle boys and pizza hut , falling apart, dominos is doing magnficantly

    #1217398
    bb1
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    Sorry but I have read your various posts over the last year or so, and they are all about get rich quick schemes, with absolutely no substance behind any of them. Maybe if you actually sat down, researched business’s properly instead of going from one get rich quick brain snap to the next, you would make one work.

    Business is a long term venture, only a handful get rich overnight, and most of those turn out to be a little dodgy anyhow.

    Stick to your day job.

    #1217399
    johnnycashflow
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    bb1, post: 262118, member: 53375 wrote:
    Sorry but I have read your various posts over the last year or so, and they are all about get rich quick schemes, with absolutely no substance behind any of them. Maybe if you actually sat down, researched business’s properly instead of going from one get rich quick brain snap to the next, you would make one work.

    Business is a long term venture, only a handful get rich overnight, and most of those turn out to be a little dodgy anyhow.

    Stick to your day job.
    you are welcome to your opinion, but I seriously doubt i’ve ever mentioned anything about wanting to be involved in a get rich scheme

    #1217400
    Rowan@quaotic
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    Maybe you just don’t realise how your posts come over. They seem to suggest the same to me.

    #1217401
    Johny
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    I have always been against the idea of retirement it’s a lie we are told, but really if you have any stint of time not working it gets extraordinarily lonely or boring.

    Geez, my old man was still doing renovations to the house in his 80’s and out and about, until he no longer could 10 years later.

    My mother is more active than me, going to classes and learning new stuff, gallivanting around with friends watching movies and plays and going on tours with groups.

    #1217402
    RunicConvenience
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    I did the renovation thing it gets boring after awhile. I am happy now to get a professional in for maintenance work then attempt to do it all myself.
    But there is no reason you can’t do those things now my point is more retirement does not mean you can start then if you have anything you’re putting off for when you retire your better off to plan around doing it now not later.

    #1217403
    El Arish Tropical Exotics
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    RunicConvenience, post: 262150, member: 112020 wrote:
    I did the renovation thing it gets boring after awhile. I am happy now to get a professional in for maintenance work then attempt to do it all myself.
    But there is no reason you can’t do those things now my point is more retirement does not mean you can start then if you have anything you’re putting off for when you retire your better off to plan around doing it now not later.
    Whatever floats your boat, but I live in an area overrun with grey nomads that would strongly disagree with the idea of retirement being a void. They are happy, active, living their dream and traveling in a way they could not do when they were working.
    Retirement will not change who you are and is not a golden ticket. If you were bored, dissatisfied and didn’t engage with life when you were working chances are you won’t when you retire. On the other hand, it is definitely put to good use by some :)
    #1217404
    johnnycashflow
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    Rowan @ GardenLarder, post: 262147, member: 28171 wrote:
    Maybe you just don’t realise how your posts come over. They seem to suggest the same to me.
    fair enough,
    that wasnt my intention, but trying to establish whether these overnight successes were actual skill or luck or they had something that other people did not have

    In a perfect world, id rather get to my goal sooner than later, however, it has not happened to me overnight before so either im not cut out for it, or it is being at the right place at the right time

    #1217405
    johnnycashflow
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    RunicConvenience, post: 262150, member: 112020 wrote:
    I did the renovation thing it gets boring after awhile. I am happy now to get a professional in for maintenance work then attempt to do it all myself.
    But there is no reason you can’t do those things now my point is more retirement does not mean you can start then if you have anything you’re putting off for when you retire your better off to plan around doing it now not later.
    I also helped out on probably 12-24 months of reno vations on and off,
    I also did a few major ones that took three people up to 3 months including myself,

    admittedly, after a while being dirty all day and the manual labour is not much fun,
    the saving grace for me was that I knew in 1-3 months it would all be over and I would not have to be back there again

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