You may or may not have noticed that I didn't send a newsletter last week. Well, the reason for that is because I've decided I'm going to quit doing this newsletter.
Okay, that was corny and lame, but I needed to get the jokes out because this next part is actually pretty serious. Last week my life sort of flopped upside down. As of March 2nd, I've owned my website design business for 11 years. During 9 out of those 11 years, a single client has supported my career almost single handedly. They are responsible for about 80% of my income.
Over a week ago I received a call from the owner and they told me that their business is struggling and they're on the verge of going out of business. Basically overnight they cut my monthly retainer in half. Their income was responsible for paying a majority of my bills and now I had half of that. But here's where it gets scarier. I've forecasted this day about 2-3 years ago.
Website development and design is a dying industry. When I first started 11 years ago, if you wanted a website you needed to hire an expert like myself. The only DIY solution was a software like Microsoft Frontpage which was not only complicated to use, but it gave you a website that looked like it was made by a kindergartener. But nowadays there's sites like SquareSpace where you type in your credit card and you can have a beautiful website for $10 per month without even trying.
So, the most obvious solution would be to go out and get more clients to replace that income, but I would be a fool to consider that as an actual, permanent solution. I've been very aware of the trends and I knew this day would come, so on May 5th, 2017 I made a vow to pursue other interests and change my career. I wanted to get out of client work and pursue creative projects. Shortly after, this newsletter was born.
But, I was hoping I would reach a day where I could quit my business because I had found success in these new avenues. And I'll be honest I have found success, but not a financial one - which is what I need right now, today.
To make matters worse, the day after my client called me, my landlord sent me an email saying he wants to sell his house (the one I am living in) and needs me to move out.
So within 48 hours, I've found myself broke and homeless. I'm on the verge of going out of business and I have no certainty that I'll be able to afford a new place. This was exploding news, but I felt like it was a warning sign. Act now because you're about to lose everything. Hopefully you can understand why I didn't post last week. I had a lot to figure out.
I spent 11 years building up this business. Making so many sacrifices just to have it fail in the end. It's sad.
And I'm a very talented programmer. My first thought was to get a job doing exactly that because jobs in the tech space pay really well. Overnight I could triple my salary, but it would mean I would have to give up on my dreams. Give up on this newsletter, give up on my videos and everything I spent the last 2 years working towards.
I'm not going to lie, that idea brought me to tears. I'd rather be homeless and doing what I love. Money means nothing to me except as a currency to provide me the tools I need to survive and do what I want.
What would do in my situation?
Well, I'll tell you what I have planned. I'm not giving up on my dreams. I've been a fucking entreprenuer my whole life and I'm not about to stop because of some unfortunate news. Nothing is going to stop me from being great. But, now is the time to grind.
A couple of weeks ago I watched an interview of Gary Vaynerchuck where he recommends that adults should be humble and move back in with their parents. In his argument he says that by doing so, you'll be able to build up something that your passionate about so that you can live the rest of you life doing what you love. But, the problem is that people are too damn worried about social statuses to actually do this.
It was an intriguing point. I certainly wasn't about to give up my lifestyle to live with my parents. I just didn't have the motivation or the hunger. Things were progressing slowly and I figured I would get there eventually. And then this news broke and it was like a giant light bulb went off in my head. This is what I need to do.
So, thank you Mom & Dad for letting your 29 year old son move back in with you so that he can follow his dreams without paying any rent.
As much as I love my parents, this situation is not ideal. But now there's a fire inside me. This is do or die. I either make it or I don't. These next 6-8 months are going to be all about the grind. So stay tuned for the next chapter I'm about to start.
Someone just poured gasoline on my ambitions and I have the lighter.
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