My partner says that if investor come and ask whether we have other businesses I should say no.
However, I find it strange
- While this can be shoehorn into "looking your best" (The other bizs are almost fully managed by my bro) I do not like any kind of insincerity. That includes anything that may be misleading. If something is material I like to tell what it really is and understand others' concern.
- The fact is I had many other businesses and successful ones (currently failing but recovering). I am proud of them. They once yielded $5k-$10k per month and can be expanded to $30k per month if I put more attention. Those are not start up in a sense. I am just testing if I can let others manage it. Yet my business partners insisted that I concentrate on this one big thing (which don't make money yet)
- Shouldn't they worry about returns, money, etc.
- There are so many ways to make quick bucks but my biz partner insist on building this one biz.
What do you think?
- The other businesses do not compete with this business and most of the time self run (managed by my bro). Once in a while I do need to rescue any one of my biz from critical situation. Actually it happened once that during that critical moment I ended up spending time on the main business pretty much screwing everything.
- On the main business, I spent most of my time as programming. In Indonesia, programmer is a $500 a month job.
- Of course we have other bizs. Who would have the boldness and capability to start something this big if this is his only nest eggs. I don't think I can hide that.
- I don't expect to need money or investors. What we want more is connection and valuation.
- This is Indonesia, where extremely good programmers worth $500 per day (I think I should pay my one programmer higher). If I look at how I spend my time, I am simply paid more being a businessman than being a programmer, despite the fact that I too can program well.