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HI - I think an important question that many entrepreneurs have are trying to balance the demands of the home & the demands of their exciting new enterprise. If an individual has large demands at home e.g. (little kids, wife, university, and a part-time job) is it feasible to dedicate the necessary requisite time to achieve success in his dreams of building his idea into a real enterprise? Especially nowadays when it seems that the "New" billionaires were single, 20-somethings dedicating every moment of every hour to their idea without stop until they achieved their goals. When a person has that entrepreneurial bug & limited cash, but believes that he has a viable business model that can really take off & generate REAL revenues, what should he do? Should he believe the hype of the DropBox & Facebooks of the world or is there another road to success albeit on a different path? Thanks!

No. If anything, sometimes it is better to have the time constraint, as it forces you to build an efficient system to save you time. In addition, it forces you to truly spend time on the things that matter for an MVP and refinement.

My examples would include: 1) a portfolio company where the founders had built their game-changing business in a year and automated their system to the point where they only had to spend 1 hour a day after work on it and the occasional few hours on weekends. 2) an advisor whom is full-time at an international consulting firm and has 2 lean startups that have attracted investors


Answered 6 years ago

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