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Re:Who becomes an entrepreneur? Insights from 7 research stu... by dagorenouf on Monday March 20, 2023 @09:09AM (#35230946)
I left a 6 figure engineering job to build my own startup with my wife. For the past 5 years, we spent 2/3rds of our savings on it and almost didn’t take vacation. This year we finally reached ramen profitability.

When I look at where we would be if I had kept the job, we would be homeowners, be able to buy new clothes regularly, go to restaurants and take awesome vacations a few times a year.

But the missing thing would be autonomy. The reason why I’m willing to sacrifice so much is because i fundamentally don’t like having to follow orders from a boss or manager. I’m arrogant enough to think i know better, and want to prove it by actually building my own thing.

Regardless of how silly it sounds on a financial level, the calculation makes sense once we look at the sense of ownership and autonomy over our own work. It’s worth more to me than any money I could make.

Ps: if you’re curious, the startup is logology.co

Re:Who becomes an entrepreneur? Insights from 7 research stu... by prakhar897 on Monday March 20, 2023 @10:13AM (#35231778)
It's a logo generating site. Can you tell us why it took 5 years for 2 people to make?
Re:Who becomes an entrepreneur? Insights from 7 research stu... by gareth_untether on Monday March 20, 2023 @10:23AM (#35231908)
It took then that long to make it profitable. Big difference making something and making it profitable.
Re:Who becomes an entrepreneur? Insights from 7 research stu... by seattle_spring on Monday March 20, 2023 @10:27AM (#35231970)
"I could build one of those in a weekend!"
Re:Who becomes an entrepreneur? Insights from 7 research stu... by 4gotunameagain on Monday March 20, 2023 @10:35AM (#35232101)
I mean, between a weekend and 10 man-years there is kind of an inbetween.
Re:Who becomes an entrepreneur? Insights from 7 research stu... by khoadlw on Monday March 20, 2023 @10:22AM (#35231894)
Why?

Because making is not selling.

Re:Who becomes an entrepreneur? Insights from 7 research stu... by dagorenouf on Monday March 20, 2023 @10:43AM (#35232217)
On the building side of things, the main challenge is designing all the logos, my wife designed more than 800 so far. (almost every other logo generator site use existing icon libraries)

It took a bit more than a year to have enough logos to launch, design the product and code the platform. In part because we were such perfectionists (which we aren't as much anymore).

But launching was only the beginning, and soon the real challenge presented itself: how to find customers. Had to figure out a distribution and marketing strategy which we had no experience with, all the while improving the product. And this is why it's now been 5 years.

Re:Who becomes an entrepreneur? Insights from 7 research stu... by redmaverick on Monday March 20, 2023 @12:33PM (#35234163)
* * *
Re:Who becomes an entrepreneur? Insights from 7 research stu... by dagorenouf on Monday March 20, 2023 @01:19PM (#35235041)
We started by sponsoring newsletters and google ads. But it didn't convert and we didn't have the budget to keep experimenting.

Then I started being active on indiehackers.com and reddit to first ask for feedback, then eventually sharing my learnings and lesson in blog post format. This showed promise and got us to a couple sales per week as other founders got curious about us and then considered us when they needed a logo.

Eventually what really helped is twitter. I started tweeting in summer 2021 and talking about what I was going through, and noticed people cared and it led to more traffic to our site. So I decided to go all in and dedicated hours per day on it, trying to bring value and grow. After a few months we 10x revenue and it hasn't came down since (although it fluctuates).

The other thing from twitter is that I met so many people in the industry, this led to hundreds of SEO backlinks from people's blogs writing about us from interviews, podcasts, recommendation articles and so on. This was really the spark that made us go from invisible to visible.

Now this year the big push is to write high-quality blog posts about branding for startups. Hopefully to get some SEO traffic and grow sales even further.

Re:Who becomes an entrepreneur? Insights from 7 research stu... by sivadass on Tuesday March 21, 2023 @05:57AM (#35244282)
Thanks for sharing this, i can understand now, how long it will take for SEO take effect and mediums to focus.
Re:Who becomes an entrepreneur? Insights from 7 research stu... by katsura on Monday March 20, 2023 @10:17AM (#35231826)
I've been following you for quite some time now, and I really appreciate the honesty and the way you share both the ups and downs of running your own small business.
Re:Who becomes an entrepreneur? Insights from 7 research stu... by dagorenouf on Monday March 20, 2023 @10:46AM (#35232278)
thank you, this means a lot!
Re:Who becomes an entrepreneur? Insights from 7 research stu... by thrwaway2023 on Monday March 20, 2023 @11:58AM (#35233517)
Hi, I just wanted to say congrats, your site and service looks very nice, proposition is clear, there is a spin which makes it different from other design agencies and I like the pricing tier setup, it makes sense (for me)! Made a bookmark for when this will come handy in the future.
Re:Who becomes an entrepreneur? Insights from 7 research stu... by dagorenouf on Monday March 20, 2023 @12:18PM (#35233870)
Thanks for checking it out, this means a lot. Note about the pricing tiers: you can upgrade between packages as your startup grows.
Re:Who becomes an entrepreneur? Insights from 7 research stu... by mattgreenrocks on Monday March 20, 2023 @04:35PM (#35238288)
This is really cool. I'm in the branding phase of an app on the side at the moment, and I absolutely loathe trying to pin down the name and the logo because it is dark alley after dark alley until you reach some okay-enough state to launch with.
Re:Who becomes an entrepreneur? Insights from 7 research stu... by dagorenouf on Monday March 20, 2023 @04:51PM (#35238499)
This is exactly why we built this. Allows you to get a professional branding to start with even on low budget. Then you can go ahead and launch, validate your product, and come back to get custom work done when you need it / can budget for it.
Re:Who becomes an entrepreneur? Insights from 7 research stu... by JohnFen on Monday March 20, 2023 @05:54PM (#35239324)
> The reason why I’m willing to sacrifice so much is because i fundamentally don’t like having to follow orders from a boss or manager.

This is why I do it as well, at least in part. The other part is that I get to control what projects I get to work on.

Re:Who becomes an entrepreneur? Insights from 7 research stu... by s1k3 on Monday March 20, 2023 @07:12PM (#35240176)
I literally just wasted so much money on a logo. Coulda used this post last week.
Re:Who becomes an entrepreneur? Insights from 7 research stu... by dagorenouf on Tuesday March 21, 2023 @08:23AM (#35245218)
I hope you still got something you like!
Re:Who becomes an entrepreneur? Insights from 7 research stu... by Delento on Tuesday March 21, 2023 @07:32AM (#35244846)
Tbh it looks more like the dream of being independent was more important to you than actually solving a real problem.

I find it very interesting that you value 'any startup' more than owning your own flat for example

Re:Who becomes an entrepreneur? Insights from 7 research stu... by dagorenouf on Tuesday March 21, 2023 @12:45PM (#35248825)
definitely, learning to solve a real problem is just something I had to learn to make that dream a reality.
Re:Who becomes an entrepreneur? Insights from 7 research stu... by koolhead17 on Tuesday March 21, 2023 @07:33AM (#35244856)
Congrats to that. We are on a same boat and freedom/independence was our reason too to start.

Took us 6 years, we are revenue positive.

Re:Who becomes an entrepreneur? Insights from 7 research stu... by dagorenouf on Tuesday March 21, 2023 @12:45PM (#35248830)
Thanks and congrats to you too!