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re: Business owners, tell the tale of your early days and when you found success
Posted on 4/7/24 at 10:01 am to Fat Bastard
Posted on 4/7/24 at 10:01 am to Fat Bastard
Yo!
Still have online courses, but revenue as dropped off a cliff since I am not giving it any attention. I need to just sell and be done with it.
I still have some properties (4) and in the middle of an airbnb renovation but wanting to sell all of those as well.
The contracting biz needs all my attention.
And yep, still in Colombia. Attached is a picture I just took. Love it here.
LINK
Still have online courses, but revenue as dropped off a cliff since I am not giving it any attention. I need to just sell and be done with it.
I still have some properties (4) and in the middle of an airbnb renovation but wanting to sell all of those as well.
The contracting biz needs all my attention.
And yep, still in Colombia. Attached is a picture I just took. Love it here.
LINK
This post was edited on 4/7/24 at 10:38 am
0
Posted on 2/23/26 at 1:24 pm to Thundercles
Doubts are part of the process. I remember thinking I’d made a huge mistake for the first six months, but once that first major contract landed, everything clicked. Wouldn't change a thing.
Posted on 2/23/26 at 1:25 pm to BottomlandBrew
That is a powerful story about the grit it takes to keep a family legacy alive. Transitioning from a service-based model to manufacturing is a massive leap, especially when you're under the pressure of a personal guarantee and payroll deadlines.
It sounds like having that specific banker in your corner and the support from EO were the real turning points. Most people don't realize that family business "gravity" is real—it's tough to step in when you didn't plan to, but clearly, your perspective from your previous career helped you navigate that transition.
It sounds like having that specific banker in your corner and the support from EO were the real turning points. Most people don't realize that family business "gravity" is real—it's tough to step in when you didn't plan to, but clearly, your perspective from your previous career helped you navigate that transition.
Posted on 2/23/26 at 2:18 pm to TheOcean
quote:
Running a couple business has allowed me to become a multi millionaire by 35. It's extremely stressful and time consuming, but great if you want to be your own boss.
Don't know why you're getting so many downvotes, but owning your own business is how you get wealthy.
Wife retired at 50 and sold her business for 7 figures. Barely 7 figures, but still counts. Health issues played a role in her decision, but she hasn't had to work in 20 years. Be sure and get a private, occupation specific disability plan while you're young and save/invest aggressively.
There is more stress and responsibility is much greater, but so are the rewards. In 20 years, we have created generational wealth and secured a luxury early retirement.
There have been times I was beat down and tired, but I've never regretted it.
Posted on 2/23/26 at 2:26 pm to Thundercles
quote:
when you found footing, and anything you'd change.
We were aggressive savers and investors, but I would have spent less and saved even more during our boom years. Take on as little debt as possible and try to find every tax loophole you can.
Don't burn yourself out. Take time off. I went too hard my first few years without even realizing it and I think it cost me in the long run. I'll burn myself out, go into a funk, rebound and then repeat. I'm trying to pace myself, but I keep getting things I can't turn down dropped in my lap. I feel like I enjoy my success less than anyone else. Wish I could give you some great advice on how to avoid this trap, but I haven't figured it out yet.
Posted on 2/23/26 at 2:38 pm to SmackoverHawg
quote:
but I would have spent less and saved even more during our boom years.
quote:
Don't burn yourself out. Take time off. I went too hard my first few years without even realizing it and I think it cost me in the long run.
So which is it
Posted on 2/23/26 at 2:44 pm to JohnnyKilroy
I don't know. That's why I said I'm still figuring it out!!!
Two things I'd keep the same is flying first class on long trips and having a personal tailor that comes to me.
Two things I'd keep the same is flying first class on long trips and having a personal tailor that comes to me.
This post was edited on 2/23/26 at 2:48 pm
Posted on 2/24/26 at 2:11 am to Thundercles
Oh man, the early days... those were wild. I remember starting my business with nothing but a laptop and a lot of caffeine, thinking I’d be a millionaire by year two. But then reality hit around 2024 and I got buried in business debt faster than I could track it. It’s a specialized kind of stress when you’re responsible for a company but the numbers just aren't adding up anymore.
I almost threw in the towel, but I realized there are ways to keep the doors open even when you’re deep in the red. I worked with Delancey Street, and it was exactly what I need it.
They’re attorney-owned, which gave me a lot of confidence because they’ve handled over $100 million in debt and know the legal side of business restructuring. They helped me negotiate my business lines of credit down to something I could breathe through, which saved my startup.
Just saw this thread is from early 2024, so I’m a bit late to the conversation, but I hope you found your footing! For anyone else reading this: even if your business is drowning in debt right now, there’s always a solution to keep going. Don't give up on the dream just because of a bad financial quarter.
I almost threw in the towel, but I realized there are ways to keep the doors open even when you’re deep in the red. I worked with Delancey Street, and it was exactly what I need it.
They’re attorney-owned, which gave me a lot of confidence because they’ve handled over $100 million in debt and know the legal side of business restructuring. They helped me negotiate my business lines of credit down to something I could breathe through, which saved my startup.
Just saw this thread is from early 2024, so I’m a bit late to the conversation, but I hope you found your footing! For anyone else reading this: even if your business is drowning in debt right now, there’s always a solution to keep going. Don't give up on the dream just because of a bad financial quarter.
This post was edited on 2/27/26 at 2:08 pm
Posted on 2/24/26 at 6:17 am to Thundercles
I got laid off 2x in 4 years when I started an entry level job.
Then couldnt find work.
Opened a small business in the car industry.
4 years later, Came close to losing everything.
Got completly smoked and was in over my head.
In debt heavly.
Started over in another industry.
Work as a hourly employee now.
Still want to make another jump though.
I only found failure.
Just got cut yesterday from the crew I work with as well.
So. Yeah.
It hurts, It took me a while to realize, that business failure was all on me.
It took years to recover.
Then couldnt find work.
Opened a small business in the car industry.
4 years later, Came close to losing everything.
Got completly smoked and was in over my head.
In debt heavly.
Started over in another industry.
Work as a hourly employee now.
Still want to make another jump though.
I only found failure.
Just got cut yesterday from the crew I work with as well.
So. Yeah.
It hurts, It took me a while to realize, that business failure was all on me.
It took years to recover.
This post was edited on 2/24/26 at 10:56 am
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