Long time lurker, First time poster. I have been interested in starting my own company since college. I guess I want to share a bit of my background first.
I'm a 28 year old engineer who has hated working since I graduated. The best job's I've had are ones where I am in charge and doing project management or planning/supervision.
I've had a mini existential crisis after college. I have read dozens of self help, philosophy, business and economics books.. and slowly came to realize the reason I hate working is because I am not challenged enough and I do not feel like I am living up to my potential.
As an engineer I feel that I have a fairly good head on my shoulders and personally have a huge interest in finance and running a business. What I've found is I am pretty good at coming up with new ideas and recognizing where there is a niche that needs filling. My problem is I get caught up in "Idea Generation" mode. When it comes down to the nitty gritty and getting started I typically run out of steam quickly or fail to start. My personality type is ENTP which "they say" are good at having orginal creative solutions but suck at execution. I've found this 100% true in my case
Like I said I read all sorts of books and I try to emulate successful entrepreneurs. The problem I come across is I want to manage people and delegate tasks but I have no people. I can recount stories of Jeff Bezos coming up with the "1 click payment" and having his staff complete it, Edison delegating to Tesla the DC generator, Gates delegating to wazniak... i mean the list goes on and on.
What I've found is that I do best when creating new ideas and planning a course of action (planning and accounting), and supervising the work. (project management). The problem is the start up phase. Where you need to be the one doing the work until you hire staff. How did you guys overcome this hurdle?
For your viewing pleasure I've sat down and gone over all of my ideas/failed startups:
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Fitness Blog: Used statistics and the scientific method to analyze and review various popular workout plans. adapted engineer principles to working out (Pareto principle, "SMART" goals, diminishing returns, etc.) 2 posts a week for 4 months. Gathered 0 traction and I lost interest. Still think there is a market there.
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Youtube series: Travel the US to different "party schools" during their biggest parties of the year. share unique experiences i.e Local drinking games only played in that area and also explore town surrounding the campus, review local breweries. Again, with the right persona I think this could take off. Never started due to costs.
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Retractable Solar Panel: For Hybrid/EV’s. Design a retractable solar panel that would roll up like a house shade into the “A pillar” of the car. Use ultrathin Cadmium Telluride (CdTe). Would unroll from A pillar and latch across to the opposite A pillar providing dual use; charge batteries while parked, block sun from dashboard. Idea dropped after research; windshield block 99% of UV light.
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Reliability Consultant: Actually going to pursue this more. use my current engineering skills. reach out to local businesses and offer to freelance preventative maintenance/reliability engineering and predictive analysis on equipment.
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Book: Self-help book using personal experiences and physiology to discus and explore why "millennials hate work" (reference 4 hour work week, subtle art of not giving a fuck type book) Started Chapter 1... never followed through.
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Multifamily Landlord: Self explanatory... looked at housed over 2 years and haven't found one in my locale that cash flows what I want.
Easy small projects I'm currently doing:
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Day Trader
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Crypto Trader
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Tee Shirt Buis
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Twitch Streamer
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Personal Trainer
I'm asking for advice, or resources to help. I'm a serial idea creator but don't have much to show for it. My goal is to be self employees fully in 5 years but i really don't see that happening unless i start outsourcing all of my work right from the get go....
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