I read that Facebook is 5 years old today. The creator, Zuckerman, could have sold the company for a billion or more, a while ago, but chose to go it alone. Zuckerman said he started Facebook because he enjoyed it. Facebook does not make enough money. Sooner or later he will run out of cash. Another social networking site "Bebo" (which has less users) sold for $850 million last year. If Zuckerman had sold for a billion, imagine how many social networking sites he could create for his own enjoyment. Due to the recession, he will not get similar offers now.
I will never fall into the trap of putting my passion before my money. I want money, because then I can pursue any passion I choose. You can can have brilliant ideas like Zuckerman, but if you don't plan to have some kind of an income to sustain it, soon it will die, undernourished and starved of cash.
People enjoy stuff like You Tube and Facebook because its free. I love those sites too. The content is good and professional, but when it comes down to it, I know that I'll never pay for it. Great sites, but not profitable.
The lesson is, do something which makes money. If you are lucky, you will also love what you do. Next, sell it for cash (not shares) and get rid of it. Then use the money to do what you really love.
I'm not saying you should spend your whole life only doing things you hate. I just think that if you love to do something, money will enable you to do much more of it.
I will never fall into the trap of putting my passion before my money. I want money, because then I can pursue any passion I choose. You can can have brilliant ideas like Zuckerman, but if you don't plan to have some kind of an income to sustain it, soon it will die, undernourished and starved of cash.
People enjoy stuff like You Tube and Facebook because its free. I love those sites too. The content is good and professional, but when it comes down to it, I know that I'll never pay for it. Great sites, but not profitable.
The lesson is, do something which makes money. If you are lucky, you will also love what you do. Next, sell it for cash (not shares) and get rid of it. Then use the money to do what you really love.
I'm not saying you should spend your whole life only doing things you hate. I just think that if you love to do something, money will enable you to do much more of it.
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