Paying the Price of Success

Micropreneurship (one-person entrepreneurship) is a fantastic experience. The first time someone pays you for software you wrote, your head will nearly spin off its axis.

And ultimately, if you’re able to harness the power of leveraging software instead of time, you will achieve more freedom than you’re probably ready for. The first time I took a month off with two days of notice I had the nagging feeling that I needed to do 173 hours of work when I got home…then I realized that hours and dollars no longer correlated.

It’s hard to re-train your mind out of the dollars for hours mentality. For me it took well over a year.

The price to achieve this kind of payoff involves a huge up-front investment of time.

And it may involve a substantial financial investment acquiring products.

Or maybe you’ll need to step away from the code, give up that control we all feel we need, and hire out some development so you focus on other areas of the business.

The price you pay is negotiable and is truly guided by your personal goals. But the bottom line is: you will have to pay a price one way or another.

It’s a long road to becoming a Micropreneur. There will be many long nights, especially in the beginning. It’s critical to know what you want out of Micropreneurship so you can make the right decisions along the way, and to give you something to hold onto when you’re burning the midnight oil for the fifteenth night in a row.

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3 comments ↓

#1 Tommy on 03.18.10 at 5:06 pm

I’m currently reading Founders At Work, which is an amazing series of interviews from well-known (and less well-known) startup founders. It’s highly recommendable for people wanting to be micropreneurs, and gives an inside look on what starting a tech company looks like.

#2 Rob on 03.18.10 at 5:09 pm

Great book. You won’t come away with actionable information, but you will get a feeling for what it’s like in the early days of a startup.

I also recommend Entrepreneur Journeys Volume 1 and 2 for more tales of starting up.

#3 Allan on 03.20.10 at 5:21 pm

I have just launched my second site and I know what you are talking about. Looooong hours after my normal nine-to-five job, but the feeling when the project is finished and the first customer checks in – all worth it.