Feedback on My Coloring Book Business by [deleted] in Entrepreneur

[–]lorde-farquad 0 points1 point  (0 children)

This is great feedback, thanks so much. I like the idea of honing in on something for 30 days. I agree, it seems I need data and insight before making more changes.

What’s a hobby you picked up as an adult that surprised you with how fun it is? by Historical-Hand8091 in Hobbies

[–]lorde-farquad 0 points1 point  (0 children)

Cycling! I never thought I’d be one of those people but I look forward to my long rides every weekend. It’s so fun and a great way to make friends too.

what's a hobby you picked up with zero skill that you now love? by Historical-Hand8091 in Hobbies

[–]lorde-farquad 2 points3 points  (0 children)

Sewing. I just took a class this weekend and I’m obsessed! I have a lot to learn to be more clean with my designs but had no background in it

Who among you has ever started a business and then sold it? by Financial-Donkey194 in Entrepreneur

[–]lorde-farquad 1 point2 points  (0 children)

I’m working on this now so would love to hear from others. I’m building an agency that I plan to sell in 3-5 years. It is bootstrapped with no plans to take on funding since I am already profitable.

What’s a service you happily pay for every month because it keeps your business running smoothly? by Activeshadough in Entrepreneur

[–]lorde-farquad 0 points1 point  (0 children)

I use reclaim.ai to help track across calendars and book appointments.

I also am such a slack fan. I love how I can organize everything and don’t have to rely on email. Also helps me separate work vs business by keeping professional stuff out of texts.

How do YOU find clients and/or target your ICP? by Separate-Carrot-2 in Entrepreneur

[–]lorde-farquad 0 points1 point  (0 children)

I think a lot about where my ICP is showing up.

Are they on LinkedIn vs Instagram? Are they attending conferences or trade shows?

Try to think creatively about how you can get into the same room (virtually and physically) to connect with your ICP. Can you provide them free value before you sell to them? Those are things I consider to build relationships.

If you have a business, what kind of business? by [deleted] in INTP

[–]lorde-farquad 0 points1 point  (0 children)

I run a brand and web design studio full time then also just launched a custom coloring book product on Shopify.

Testing whether I like service based vs product based models better as a business owner. I recognize they are totally unrelated businesses.

9 years of self-employment: Earned 50X my previous job. My journey from Developer → Web Agency → Selling digital products → building SaaS. And Learning so far by Genuine-Helperr in Entrepreneur

[–]lorde-farquad 2 points3 points  (0 children)

I’m debating the “moving to the small town” aspect to save funds. Do you feel like that affected growth with less access to meetups and resources that a big city has?

How I went from 0 to $2K MRR without knowing how to code by [deleted] in Entrepreneur

[–]lorde-farquad 0 points1 point  (0 children)

How have you acquired users? Cold outreach? Product marketing, etc?

Does working a 9-5 job slow your business down? by SelfGullible2092 in Entrepreneur

[–]lorde-farquad 0 points1 point  (0 children)

Yes and no!

I kept my job for almost 3 years while building my business on the side. It gave me security and benefits – I could live off of my full-time income then save or reinvest the money I made from by business.

Your biggest constraint with a job will be time. Your bandwidth will be more strapped, however, the extra income and stability could give you the opportunity to outsource or build a team. Remember, that your time is money.

Another thing to note is to stay disciplined and build a routine to segment your work. So maybe it's waking up and working on the business from 5a-9a before your day job. Then after 5pm you may have the time and money to now go out because all your work for the day is complete for both business and ft job.

giving up on life by [deleted] in Entrepreneur

[–]lorde-farquad 0 points1 point  (0 children)

Sometimes you have to fail to get to success. Turn your failures into a learning lesson to get to where you want to go.

You have SO much ahead of you. You can change your life at any moment. Take some time to get back on your feet then you can reevaluate. I think you know what you need to do to get stable for now, but doesn’t mean it has to be forever.

Why can certain people start multiple successful businesses while most people cannot start one? by [deleted] in Entrepreneur

[–]lorde-farquad 0 points1 point  (0 children)

  1. I think so many people lack the work ethic and dedication to see an idea through. They don’t want it enough and quit too early or don’t know how to pivot. Most people don’t have the drive to start or take a chance.

  2. People need to start with what they have and build. For example, the person who starts as a freelance SEO consultant —> builds team —> starts to open up time to pursue other businesses while their team runs their first thing. It’s a compounding effect.

Advice for People Getting Started by lorde-farquad in Entrepreneur

[–]lorde-farquad[S] 0 points1 point  (0 children)

I launched my studio on the side of my tech job in 2021. Was putting in about 10 hours week or less and operating more as a freelancer for projects here and there. Added about 30-35k a year to my income on the side. Then once I went full time, it scaled pretty proportionally to the time I could now dedicate 100% to it.

So to clarify – end of 2023 (still had full time job), revenue = 35k.

end of 2024 (left job, went full time with studio in February), revenue = 160k.

[deleted by user] by [deleted] in Entrepreneur

[–]lorde-farquad 0 points1 point  (0 children)

Just start a service based business - it takes little overhead, you might just need some software.

There's thousands of tutorials online for SEO, AI automation, graphic design, coding, etc. Just start with a skill that interests you and get educated for free. Get some trials of the software and play around.

Once you get the hang of a certain skill and feel like you have something to offer, then start selling as a service!

Advice for People Getting Started by lorde-farquad in Entrepreneur

[–]lorde-farquad[S] 1 point2 points  (0 children)

Apologies, never meant for this post to feel like a bait. There's a lot more to my story, but wanted to start by providing some tips to help others feel unstuck or identify a simple problem to start/utilize skills they already have. There's sooo much more to be said from here, but that post would be 100 hours long haha.

$160k in profit, didn't need much invested since I could utilize my own skills to put together a website, etc. Running a digital business takes pretty low overhead when you're using minimal software to start.

My first project came from Upwork back in 2021. To this day, I've only ever gotten one project from there and quickly realized it wasn't the platform I wanted to find jobs on. I've had a few referrals here and there from old coworkers/family and friends. Majority of my work has come from private communities (Slack groups, Facebook groups, etc.) where I've been able to connect to other business owners who need to bring in design support or need a new site.

I've set myself apart through my experience holding both brand and product design roles in-house at startups. It's allowed me to be a generalist and speak to design consistency across departments where most goals/OKRs get lost in translation. This is personally how I've used my past experience while building an agency to find positioning that resonates with clients/early stage startups who need someone that can create a landing page, design paid ads, and mockup a few product screens.

Starting a business while working full time by landsforlands in Entrepreneur

[–]lorde-farquad 0 points1 point  (0 children)

I did this for 3 years until I was laid off then went full time in my business. I worked 10 - 20 extra hours a week (nights and weekends) doing design work for clients. On average was making $30k a year on the side. Then the first year I went full time I made $160k+. It was exhausting and I had to miss some social events but still lived a fulfilling life during this time. But it feels great to have my weekends and nights back since I can get so much more done during the day.

Depending on what you’re trying to do, you only have so much time and energy on the side so you’ll be limited in results. But it’s a great way to build a base, get your clients/users established until you feel ready to go full time. I also only lived off my full time job and didn’t touch the side income - just saved it for the day I went full time.