Mark Evans warns that solo entrepreneurship is reckless when you're the only income source for your family. He points to underpriced work like $1,500 valuations as a sign you're exposed to catastrophic financial risk and need to change course.
$1,500
I think you're worth at least fifteen hundred dollars. But do you? It's a question that you have to start understanding. Like, look in your bank account. If it's working and you're happy with what you see, keep doing it. If it's not, what's got to change? My fear is that I hope a lot of people, they're entrepreneurs, they say solo entrepreneur because I think that's cool. It's actually one of the most reckless things you can do. Why? Because if you care about your family and the people that love you the most, you're one devastating moment away from changing everybody's life, including yours and all theirs. Because. Because you're solo. I'm cool, dude. I'm a solo entrepreneur. It's the dumbest thing I've ever heard in my life.
