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What advice would you give to someone starting a business? (lemdro.id)

submitted 6 months ago by [email protected] to c/[email protected]

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I’m thinking of the type of thing you wished you knew sooner. But if you have other advice, please share!

I’m a couple months (officially) into running a videography business and would love to use this post to share and help each other.

My Advice: I was into videography and doing it as a side hustle for almost a year but kept delaying registering myself as a business. If I could go back, I’d do that sooner.

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[–] [email protected] 6 points 6 months ago (1 children)

Read Kahneman and seriously consider not doing it unless you are a flaming optimist that just can't be held back.

[–] [email protected] 2 points 6 months ago (1 children)

This. The best business advice I can give as someone who started a business is ... don't.

The odds are terrible, you lose your soul to compromise, and ultimately end up selling out or going poor; either way the project is dead or milked by the buyer and you either have money from the sale or no money at all. 99% chance of the latter.

[–] [email protected] 0 points 6 months ago (1 children)

There's a very good reason your business failed tho 😂

[–] [email protected] 1 points 6 months ago

Honestly customer demand and being in a niche is the biggest factor I see for a business success.