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View Full Version : Start ups that you've tried and failed



tinyfang
03-24-2014, 07:18 PM
Almost everyone I've met has dreamed about starting up their own business and many already has. Unfortunately, in today's saturated markets, it can be tough to bring in customers, build up your reputation and eventually, get the ball rolling and start mitigating your initial expenses plus your reoccurring expenses. I've been down that route and I am still going through that route.

For you all, how many times have you tried starting up a business but failed? What were some of your start ups? What did you think happened? Is there anything you learned you can share with others?

stockbrokers
10-05-2014, 10:17 AM
I never failed because I haven't tried, I guess that makes me learn that you just simply need to start

farmerjohn1324
10-05-2014, 11:11 PM
I am about to start building an asset column of rental properties. I will start with mobile homes because that's what I can afford right now. Eventually, I should have single-family houses and even apartment complexes or condominiums. I have contemplated every single type of business, but this is the one that makes the most sense to me. People always need a place to live even in the midst of a global recession. Also, there is always competition with everything you do. You cannot realistically start up your own oil company to rival Exxon-Mobil, can you? So you are limited in what is actually realistic.

I also considered starting a non-profit, and actually have it registered with the state, but something seems morally wrong about making my living leaching off of charity money. I still might, though. Even the executives at the Salvation Army pay themselves, right?

1Maverick
01-29-2016, 01:45 PM
Almost everyone I've met has dreamed about starting up their own business and many already has. Unfortunately, in today's saturated markets, it can be tough to bring in customers, build up your reputation and eventually, get the ball rolling and start mitigating your initial expenses plus your reoccurring expenses. I've been down that route and I am still going through that route.

For you all, how many times have you tried starting up a business but failed? What were some of your start ups? What did you think happened? Is there anything you learned you can share with others?


Hello Tinyfang,

I remember starting my first business when i was actually in school as a hobby. It was only when i graduated I took it serious out of necessity.
What i learnt was:
1. Know your market before you enter it
2. Know what & how you can contribute in a unique way
3. Where will your primary start-up finance come from?
Plus alot more. Fortunately i've completed a 15 step guide which interested person can get for FREE (http://www.moneymanmaverick.com).

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gilsulate
03-03-2019, 11:36 PM
People always need a place to live even in the midst of a global recession. Also, there is always competition with everything you do.

amayajace
10-15-2019, 07:59 AM
This is crucial because 42% of startups fail because they didn't solve a market need. They failed because they didn't put others first. What generally happens is this: A founder gets an idea >> builds the solution >>tries to sell it >> nobody buys the solution >> the founder runs out of money >> the startup dies.

RobertMiles88
09-19-2020, 12:38 AM
I have failed many times, it is not an easy task. Yes I agreed with you nowadays this market is saturated and too many competitions.

speeduser
02-05-2021, 02:55 PM
Hopefully it will discourage you if failure has come before. Let it motivate you for aiming the ultimate price of making it big time. - Green Water Technologies