What It Really Feels Like to Grow a Startup
I was asked today what it truthfully feels like for entrepreneurs as your company tries to survive and grow.
Here’s how I responded:
- From $0-100k in revenue: joy! this might even be easy!
- $100k – $500k: gulp.
- $500k – 2 million: Hell. on. earth.
- $2-4 million: Hell + 20 degrees.
- $5+ million: This just got a whole lot easier.
- $10+ million: Joy! I also sort of never want to do that again.
Starting a business that survives has significant rewards in the end, but you also pay a heavy price – whether it succeeds or fails. I’ve been on both sides.
Which is why anyone considering it should really think long and hard about whether you are willing to pay that price.
Because if you read what I wrote above, and you fully understand the realities and you are STILL excited about getting in the game — then my guess is you’ve got what it takes to succeed. If that is you, get up and go for it.
About the Author Nick Friend
Nick Friend is an Entrepreneur, Investor, Husband, Father of 3 daughters. Built businesses from scratch to 8 figures, and has been nominated for several Entrepreneurship awards. Nick enjoys helping other entrepreneurs, particularly those fighting the struggle from $0-10 million.