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Personal milestone: 1Cr in rev as a bootstrapper

Team is less than 10 people still, slowly growing. Net profit could be higher, that's top priority to work on now. Total cash invested by founders was 15L over 3-4 years. Yearly revenue : 2019 - less than 30k 20 - 1.5L (after pivot) 22 - 50L Getting to the first lakh and then to 10 lakhs was probably the most challenging part. We thought of shutting down multiple times, struggled through multiple fights between founders. Glad we didn't stop working and pulled through. This is my 4th or 5th attempt at starting up. Except for 1, other attempts didn't even get to incorporation stage. Would love to hear from other bootstrappers and their experience.

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RandomPhilosopher

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Nunyabizness

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RandomPhilosopher

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Andyvine

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TepidFanny11

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Owl

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GaribCeo

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mindv

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Popeye41

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Misc on

by codebreaker

Founder

Why are there not enough folks having entrepreneurial aspirations?

I am addressing folks who have progressed in their careers enough to earn at least 30 LPA. If you are earning this much in India, you are already in the creamy layer of lifestyle. You can afford a decent house, a decent car and probably save up some assets for children's education (A lot of people bring up the expensive school fees). If you get a salary hike from 30LPA to 40LPA, there is a high chance that your lifestyle will not change that much. Your savings will go up, but still it will take years to retire early in either case. It's quite apparent that if you want to improve your lifestyle at this stage (highest-end middle class), you will require an income source capable of providing leverage and exponential growth. Barring a few folks I know, everyone else is busy grinding leetcode, mugging up system design for their next job switch or even worse, kissing ass for the next promotion. Why don't enough people start learning about business on the side and slowly start investing their free time in learning everything they can about it ? I am sure it will be a much better time investment if you play your cards correctly for a long enough time (I am pretty sure this is still a quicker path to riches as compared to 30 years of SIP investments). Note: I completely understand that many people have monthly payment obligations like EMIs. And that's why my question is about 'aspirations'. I am not asking 'Why are people not leaving their jobs to pursue entrepreneurship?'. I am rather asking 'Why are people not even thinking about anything else apart from the next (disappointing) hike?'