The founder of the startup bounced off to surrender £40 Lakh annual salary 2.5 years ago and establishing your own company. 31 -year -old founder based in Mumbai in a post on social media looking for advice £6 crore business they provided him with £1 monthly salary.
The headline for post states: “I need advice: I feel stuck in my start.” He suggested that his business profit (PAT) of his business is 3 to 4 percent, in the Reddit post that he said: “I founded my company about 2.5 years ago. He left a 40lpa job offer. The start took off because it was in a slightly conventional space.”
Recognition that a service -based business has reached a saturation level £50 Crore Target, wrote: “He made 5CR turn after 6 months and the bug of the scale bit us. We wanted to do it 50 CRS. This is Ops Heavy and NPS controlled business.
He also noted: “We received money mostly through debt. Around ~ 1cr. We were unable to scalance and drive operations … The good thing is that we have bleeding money before (heels ~ negative 7%). Now Pat is at least 3-4%.” Cannot expand business, said the company continues £6 Crore annual business, but via crore it is necessary to return, which was financed by debt.
He complained about his fight to cover his expenditure with current income alive in financial capital and said: “I personally do not earn a lot of money (~ 1l / month) that hardly takes care of their expenditure in Mumbai. I did not build any assets and took more personal loans.
He said, “Business has the potential to earn good money, but it will be slow. Moreover, so much uncertainty, at least for the next 2 3 years, and I feel that it concerns burnout in the coming years and feels imprisoned.”
The reaction of social media
The user has submitted a useful advice: “Here is a mental framework for survival and growth in the next 2-3 years: first separate personal finances from business stress. Price, retention or expansion of one segment.
Another user noted: “I’d rather earn less than work for someone else for 40LACs per year. Passion and freedom worth more. Keep up. If possible, dilute a little of your own financing capital if you are stuck. What is the company you are?”
The third user said: “Comparison is a thief of joy! And this is the” trigger cycle “99% of the founders. Self-Doubt is constantly challenging your decision and you are not always sure about the future … and get a much better departure (probably change of life). ”
The fourth comment read: “Do not take the prey of green grass syndrome. You are a free bird, you value it. What you really need is a good mentor that will help you streamline your business.”
The fifth user replied: “If you ask this question, I say you are looking for other options. The starting ecosystem is unpredictable, if you are switching 5 years old, you would have an extremely difficult time.”
(Tagstotranslate) starting ecosystem
