Before you start to read, I have some things to say. I am not a millionaire yet. I like coding and studying investments. And lately, I've been reading a lot about Business and how to create a product in order to generate passive income that will help me achieve financial independence faster.
I have been following some people from Indie Hackers and what I really like about this community is that you begin to notice you don't need to create the next revolutionary startup (unless you want it) to be in business. There's a lot of people who solved a problem they faced for months or years until they saw there was an opportunity to start a small business and make some money.
Eventually, your business can get big or not. And that's okay if that's okay with you. You don't need to be the next Google, the next Uber in order to be successful, and you don't even need investors. Startup life is something that you really should get to know well before jumping in because it can be stressful.
I was reading Stephanie Hurlburt blog another day and I found this great article about software development and Business where she says:
I know many developers who are essentially making products and giving them away for just a salary or throwing them out because they don't truly understand their worth. Next time you work on a project, really think about what your work is worth and get creative about how to get at that.
This reminds me that, as a developer, I have a feeling that almost everybody I know don't believe they can run a business, so they don't even try. Of course, for us, marketing and dealing with clients isn't something that we would usually bet our money on. Sales and software development are totally different things, and it's hard to sell something to a client that wants something you know it's impossible to do build as a developer.
But that's worth trying. Do the math: let's say your product generates a recurring monthly revenue of $ 1,000. Multiply that for 12 months (1 year) and for 60 months (5 years). That's a nice amount of extra money, right? That money could be put into investments. When you get the taste of making more passive income I don't think you're gonna settle for less.
Think about being financially independent. Don't get me wrong, I know that will not be easy. But wouldn't that be great if you had to work only on what you love and not because you have to pay your bills? Wouldn't that be great if you had the time (the most expensive thing in this world) to live your life the way you want it? That's the spirit. Set your goals and don't settle for less, my friend.
Let me know how many of you already have a business and how many of you are interested in having one. Cheers!