The broke investor, that’s who. Feels great to be back! If you want to know where I’ve been, I’ve been growing and investing in my tech skill set. Back in February, (yes, it’s been that long), I was turning the gears to get my broke self out of a sinking hole. I would like to say since then, I’ve been steadily filling in the hole.
You may ask, why did I drop off the broke investor’s blog altogether? To be honest, I was spread way too thin. Multi-tasking can be done if planned accordingly. The thing is, I rarely plan anything. Fortunately, I had a wake up call in March 2017.
At that time, I initiated a project (one that will be continued in 2018). One thing that the project needed was advertisers and distribution locations. I managed to acquire a couple of advertisers, enough to cover costs and gain a bit of profit. The next step was to find locations that were willing to give shelf space to the product.
As with any new product/service, I received several No’s, a few Maybe’s and a couple of Yes’s, I just needed to show the product. At one location, I took the time to talk with the owner. I wanted to find out how I could turn his maybe into a yes. Fortunately, Mr. Michael took the time to layout the obstacles that I was bound to face.
The most crucial obstacle, he claimed, would be the saturated marketplace that already exist. At that point, that didn’t even cross my mind. I am not sure if any of you have ever slammed the front break on a bicycle hard enough to front-flip the entire bike over you.
Well, I have, and this obstacle Mr. Michael presented to me was just as abrupt. Mr. Michael told me that he continuously received presentations about similar products. His main concern was that most of these products were given for free. In addition, the limited space available.
He agreed that the product I was offering was towards a specific niche and had not seen something exactly like it, but the obstacles still existed since the product is in the same industry.
Not for the hearing impaired
We ended up going off that topic and I continued to go on about the challenges I faced being a broke investor. I told him about a couple of past defeats and the growing concern of not being able to grow my main business.
Mr. Michael then laid something on me that I NEEDED to hear. “Maybe you are not meant to run a business.” Well said…
By no means was this an attack on me personally, but it was something that I needed to hear and register. Of course, I had to ask for his advice on what he thought could improve my performance in running businesses.
Mastering your Skills
“Gain entry into a company that is in the same industry you want to run a business in. Learn all you can, master your skills, and then conquer the industry, or at least gain market share.”
PRICELESS ADVICE. That day, I applied for a position in one of the top 3 web hosting providers in the U.S. (by active user subscriptions). A week later I was given an interview and a couple of days later, an acceptance email. Things don’t just happen, things happen just.
With 8+ months experience behind me and 20+ daily support calls for website issues, I am glad to report that my time was well spent. I am grown up and invested a bit more compared to the beginning of 2017. Now, it’s time to lay out the groundwork for 2018.
As always, Keep Growing, Keep Investing. The Broke Investor