Ask HN: Should I keep building my current business or seek new ideas?
Some background info about me. I'm 22 years old, college dropout, based in Toronto. Over the past 2 years I built a solid Internet business.
I will call my current business "B".
B is currently making $500k / year profit. If I keep building it full time, it will make several millions a year. However, B is not a very impactful business, nor will it ever scale into a billion dollar company. It's a great lifestyle business, not much more.
As I built B, my ambitions broadened. When I think of what I really want to do with my life, I realized my dream is to build the next great company (e.g. Microsoft, Apple, Facebook, Google). I also realized I don't even care if I succeed or not - as long as I am chasing the dream, I believe my life will be fulfilled.
As a result, I stopped working full time on B in April 2019, I explored a bunch of new projects, ranging from other Internet projects, a video game, to a chair (yes, designing a chair).
I got deep into some of these ideas. The video game for example, I spent 4 months full time on it (Nov 2019 - April 2020). For awhile, I thought I was going to fully commit to building video games for many years to come. Then eventually the idea fizzled out after I thought more about it. I realized a video game company wasn't the right path to my ultimate goal, so as of now, it's been a month since I touched the game and pretty much abandoned the project.
I'm currently in "The Search" phase once again. And it feels really bad. Life feels directionless when there is no vision. I wake up each morning feeling lethargic, instead of energetic and excited to work on a project.
I'm scared of getting trapped into a cycle of working on new projects that go nowhere.
My question boils down to this - Should I keep building B full time and hope to indirectly discover a new idea along the way, or should I directly focus on exploring new fields, new opportunities and new ideas?
tl;dr Got a solid business going but I dream of building a much greater business. Not sure if I should spend my time focusing on current business or looking for new ideas.
Don’t abandon cash cow. Keep operating if you can. Diversify into other investments that will allow you to continue exploring new ideas. What did Edison say - I dint fail I only discovered 1000 ways that don’t work. Something like that but you get the point