Yes, I am committing one of the cardinal sins in the world of startups. I am a solo founder, but let me take this opportunity to tell you a little bit more about me and why being a solo founder isn’t the end of the world.
I purchased my first business, a retail surf shop as a 16 year old high school student (~12 years ago now). No, I wasn’t a trust fund kid, and didn’t get a handout from my mum or dad. I did it through hard work and sacrifice. Here’s how…..
I started working when I was 11. I had multiple paper runs and saved every dollar I earned. When I was 12 I taught myself how to invest on the stock market and found a way to get comisión del 0% sobre las acciones (0% commission on the shares) I bought. This was before apps like Robinhood so I was investing $500 per company (all my money at the time) and self-taught myself both fundamental and technical trading analysis. Nowadays the stock market looks a little different, especially with the cryptocurrency angle, with people constantly searching for how they can start with these cryptocurrencies/jak zaczac z kryptowalutami so they can get on the investment ladder and start earning money.
When I was 14 I got my first job (McDonald’s). When I was 15 I got a break. I found a new job at a hardware store that didn’t have an “award wage” (basically like minimum wage) for anyone under 18. I went from earning $5 an hour to $15.
The catch? I had to work Saturday and Sunday, plus an afternoon or two mid-week. This combined with my paper runs meant I often earned $500 per week or more.
Now this is where buying a business as a 16 year old comes into play. There as a retail surf shop across the road from the hardware store where I worked and on my lunch break I saw the “For Sale” sign. I reached out to the owner and after a couple of months negotiated the price down to stock value only, or $20,000.
It took all my savings, but I did it. And in July 2005 I became the owner of the store (which I would rename to Liquid Surf) and employed a team of up to 3 staff. I ran the business for almost 3 years (while still at high school) and it taught me more about business than any text book or blog post ever has.