Hi, welcome to the weekly unsolicited report of my financial experiment, the name is Arnold. But first, the weekly rant (in my best news anchor impression). It’s always fun when people romanticize entreprenership. Start a business, make a tonne of money, and live happily ever after. However there’s always one question we forget to ask ourselves, and this was brought to my attention somewhere on the internet (I can’t quit remember where). And it goes something like this, will you be okay if everything doesn’t go as planned? In other words will you be okay failing and staying in/returning to the same state as you were before you begun?
When you contemplate and marinate on this simple question, you will be shocked at the decision you come to. I never really quit took this question to the test. Now you might say, oh well I guess I’ll just try. After all, it’s better to have loved and lost than to never have loved at all. It’s a strange analogy but you get my point. What you don’t know is that you might be setting yourself up for wasting months if not years at the very least. Not to mention the potential mental energy that you might be drained of during the whole process. People have lost families, lost lives, lost friends, lost their dignity and place in society over entrepreneurship but very little of that gets played in the media.
Now if this sounds like fun to you then I guess we’ve both lost our minds. In a weird way, I’m okay with all of that. Not necessarily okay, but it’s a risk I’m willing to stomach if it comes to it. This might be mostly because I don’t have much to lose and becaause of the very steep upside when I win (notice how I said when and not if, I’m being overconfident a little in a good way). With all of this at the back of my mind, I would like to employ smart money moves as I grow.
I would also like to learn to have an eye for potential. Be it in ideas or in life generally. So that I can spot something that is sure to fail regardless of the amount of money it might generate in the short term. Also to be able to spare myself the heartache of getting into those kinds of deals in the first place. I also want to learn the hardest part, grit! Patience and perserverence has been known to be the common denominator among successful people. So I’d like to learn that too!
Now onto what’s important. Why am I still -$152 in profits you ask, well it’s mostly because luck is still playing the dodgy game of hide and seek with me. I’m upto 53 designs on Redbubble but still no sales and no new favorite. I guess the algorithm on Redbubble hates me now or something. The same is the case for Fiverr although this time I got another click on one of my 3 gigs. No order still but it’s a good sign.
I still haven’t gotten any more responses on the cold emailling spree I went on. Have they already marked me as spam? We’ll never know. I hope not though! I’m having another one of those stroke of genius moments where I come up with an awesome idea only to get crickets. That not withstanding, I’m thinking I try either Quora or Reddit but not with the overly salesy approach because I know those sites shun that. I’ll try to be a bit helpful where relevant and occassionally plug in my gigs and see where the dominos fall. Wish me luck!
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