> When you're an employee, you can hide behind process and blame the market.
You can still blame the market. A good market makes everything easier, a bad market makes everything harder.
But here’s the catch: You choose the market.
To share an example: When I started my react teaching side business in 2015 it was so easy. Growing 2x year over year, I thought I was some kind of business genius. Then one day it stopped. React became old, no longer the exciting new thing, the market consolidated into 2 or 3 big players with The Default resources and my stuff wasn’t one of them. I totally missed the land grab aspect of the early market phase and didn’t go hard enough on pure growth. Not a business genius after all.
In 2020-2022 I had a repair side-hustle that became unexpectedly profitable, so I started scaling it up and thinking about quitting my job. Then interest rates went up, assets stopped appreciating, and I realized that most of the value I thought I was adding was actually just asset inflation and the common wisdom that repair is a miserable business niche was correct after all.
You can still blame the market. A good market makes everything easier, a bad market makes everything harder.
But here’s the catch: You choose the market.
To share an example: When I started my react teaching side business in 2015 it was so easy. Growing 2x year over year, I thought I was some kind of business genius. Then one day it stopped. React became old, no longer the exciting new thing, the market consolidated into 2 or 3 big players with The Default resources and my stuff wasn’t one of them. I totally missed the land grab aspect of the early market phase and didn’t go hard enough on pure growth. Not a business genius after all.