It looks like I’m going to start a new company next month. The idea is neat, the team is balanced, and the founders are friends.  The best part is that it’s a faceless app built on top of the best services out there and coding it will be fun.

It’s going to my 3rd company in 15 years and I want to get it right this time.  My first company is a success and the second was a failure, but I learned a lot:

A journey of a thousand miles begins with a single step.

Lao-tzu

If you rather have it in points:

• Habit 1: Be Proactive

• Habit 2: Begin with the End in Mind

• Habit 3: Put First Things First

Stephen R. Covey

This time, I’m going to build me a lifestyle company with a fun local office by the beach with no more than 20 people in the office. My personal income from the company will support my current life style with a few extra perks, like a yearly vacation at Seychelles.

Given the current pace of things, I believe we can get there in two years. “There” meaning the time when we have our office and employees and founders are getting a decent salary. To support our lifestyle, money would flow in at rate of $200K a month.

As for the inflow of cash, given an average charge of $20 for a month of our service we will be billing ±10K paying customers. 10K customers seems like a huge challenge now that we don’t have a single one, so we need to make smaller steps. Probably a hundred users in 6 months and a thousand in a year, from them a hundred are paying an average of $20 a month.

It’s not going to be easy, but I believe that’s a camel we can mount.