I cannot say that I am entirely successful but for the majority of my various pet projects, yes, I am successful. A little too successful. Also, I cannot say that I am completely an entrepreneur. I love my pet projects and hobbies. If you do not know me, I am Angus, founder of the Technology Is Key blog and the very successful Bitcoin blog, Adventure Bitcoin. I enjoy the world of business and love seeing entrepreneurs grow their dreams into ventures. One problem I find with my entrepreneurial ways is that, I’m never satisfied with the things I do. I always like to start businesses, not run them. I enjoy seeing the liftoff more than the flight. This is my point, I’m successful in launching projects but, I never stay long enough to see them actually become popular.
“Money has never made man happy, nor will it, there is nothing in its nature to produce happiness. The more of it one has the more one wants” -Benjamin Franklin
It is never about money when I talk about entrepreneurship. Yes, you need financial aid to keep a project going but you must remember that you are doing something you are passionate about and love, not for the purpose of making money. I can be the top earner on Wall Street but that is because I love what I do. If you love what you do, you are more likely to succeed.
In order to succeed, here is your priority, family, do what you love, and money. You need support, family gives you that, if you spend 90% of your time doing the thing you love, your personal life falls apart and you lose morale and motivation to continue. Doing what you love means you are really motivated and would do what you do for a hobby. Money is just there to make sure everything is running. Most people will put Money in front of Do what you love which is okay in some situations but I believe that we should try out best to keep it: family, do what you love, money.
Whenever I think of starting a project, I always plan, how much effort to make it? What will be the result? Can I market it? I never really think about money because first I need to plan out what I need to do before I talk finance.
To date, I have 4 pet projects. 2 are web development and 2 are websites. But none are for profit, why? Well, I like starting stuff. It gets me excited but managing my projects is way different. I have to plan long term, recuperating costs, get traffic, it is quite time consuming. As a result, I merged Techiskey with TFSC to create a news site!
Even though I am the Editor-In-Chief of Tales From Sky City, I still enjoy writing these posts but I find it very tiring for my projects to stay this long because with just me working on them, I’ll eventually burn out. My capitalistic ideas are just too, not expensive but take too much effort. I promise 2 posts a day for Tales From Sky City and Adventure Bitcoin but just 2 posts is killing me on TFSC. So, I paused the posting on Adventure Bitcoin, created a Trello board and organized posts, when to post, ideas, etc.
Even if you are successful, only go one project at a time. I found it difficult to post 4 posts total each day. Even though I run 2 successful websites, it’s too much for me to handle. I plan on creating a team to help take some posts off my already weird workload.