11–20 of 31 posts
The best business to start is one that really excites you. Starting a business is a serious life commitment, and you will be doing little but working on it. It has to be something inherently rewarding to you.
True, but someone has got to be willing to pay for what you do.
Earlier quoted context omitted.
True, but someone has got to be willing to pay for what you do.
There's a "Purpose" venn diagram for this http://www.humanbusiness.eu/purpose-venn-diagram/
Get financial independence (with any reasonably paying job), then you can solve the remaining constraints without always looking over your shoulder whether the world still wants to pay you.
The best business to start is one that really excites you. Starting a business is a serious life commitment, and you will be doing little but working on it. It has to be something inherently rewarding to you.
I don't want to do something that I hate, but I'll be ok if it is "average" interest.
Plus, nothing excites me...so what do I do? Well, sleeping all day every day is exciting, but I don't think anyone would pay me for that, damn it. Not working at all excites me. Does someone want to hire me for not working? If I start my own company, does anyone want to pay me for sending me money and getting nothing in return? Because as I think about it, that is what is starting to get me more and more excited.
Also, I think about all the people who work in jobs that they hate, just to make money. One woman I know, she works 2 jobs, 8 hours each, every day. She has 5 children she supports. She used to didn't work but 3 years ago, her husband, who was the main earner, died. She is now working minimum wage jobs, at $15/hour, struggling.
One does what one has to do, even if they hate it for a long time. I kind of get sick of the whole "Do what you love otherwise you can't work" mindset. It's kind of arrogant... you have to be happy working, but others still go out every day, to jobs they hate, and somehow keep doing it every day. But, you will quit if you don't LOVE what you're doing. Crazy thought process, as I see it. Arrogant. I mean, guess it's great that you are a Stanford or Harvard MBA and only have to do what makes you happy, otherwise...well, there is no otherwise. I must be happy, nothing else will suffice, right?
In my opinion, if you are engaging in the brainstorming method of saying "I want to start a business," that will never get you anywhere. Starting a business is about seeing a problem, solution, and/or opportunity, and being able to execute it with domain expertise, all at the right time. Of course, it's also about grinding out sales leads and finding paying customers – a lot of is is sinking way more hours into it th…
I've seen lots of problems with solutions but nobody wants to buy.
I've seen someone pick up tumbleweek from their backyard and open an online store and make tens of thousands in a week of opening, and millions a year, selling a product they don't pay for, and it takes minimal work.
I think there's a lot of pure luck in being successful, at all levels.
A lot of successful people chalk it up to pure luck and it is not false humility, either.
Had Bill Gates been born 3 years later, or had his parents not sent him to his exclusive high school and he had no access to computers...so many little things can derail stuff.
The best jobs for society seem to be the worst appreciated and compensated. Corporate tax accountants "earn" orders of magnitude more than janitors and nurses. Media puppets earn far far more than investigative journalists. Lawyers are respected more than teachers, in many ways. It's all absolutely batty. That said, seems to me the best compensated people, with the least friction in their career, and with the least a…
my partner was a consultant at Bain and regularly worked 100+ hour weeks in a small town outside of Dallas where he ate all his meals at a hotel. The day he left was one of the best of his life! It's a definitely a lot more than being confident. There's a ton of important data skills, people management and strategy skills involved, and a lot of times your "clients" are not on your side. It's pretty common for a CEO o…
If you work for yourself, you are your own boss and can work how you want.
I know great companies that do work in the industry. I talk to business owners, find what they want and need, do an analysis, and then get the companies that I work with to come in and do the actual work.
I do the upfront work for free and then collect a cut of the work done by the companies that do the work.
Maybe I'm a salesperson, maybe I'm a consultant. I call myself a consultant, I guess, since I do the analysis report and bring in the solution?
Earlier quoted context omitted.
True, but someone has got to be willing to pay for what you do.
There's a "Purpose" venn diagram for this http://www.humanbusiness.eu/purpose-venn-diagram/
The best business to start is one that really excites you. Starting a business is a serious life commitment, and you will be doing little but working on it. It has to be something inherently rewarding to you.
The best business to start is the one solving a problem (not the created problem which is so typical for IT startups). With proper execution this business is doomed to succeed.
Source: been the #1 guy, learned it the hard way.
The best jobs for society seem to be the worst appreciated and compensated. Corporate tax accountants "earn" orders of magnitude more than janitors and nurses. Media puppets earn far far more than investigative journalists. Lawyers are respected more than teachers, in many ways. It's all absolutely batty. That said, seems to me the best compensated people, with the least friction in their career, and with the least a…
Wonder what those ways are - in my environment (and it's very business oriented, very far from teaching), teachers are respected way more than lawyers.
Yea, lawyers make more cash, but it's totally different story and has nothing to do with respect.
You still have to justify shit to people - the customers, the investors, the tax people. You're still powerless, subject to the whims of regulations and unstable partners. You can quit one bad job after another, but you're stuck with a company you own, especially if you have relatives who have invested in it and staff who are relying on you to pay rent.
In my opinion, if you are engaging in the brainstorming method of saying "I want to start a business," that will never get you anywhere. Starting a business is about seeing a problem, solution, and/or opportunity, and being able to execute it with domain expertise, all at the right time. Of course, it's also about grinding out sales leads and finding paying customers – a lot of is is sinking way more hours into it th…