4 ms·
Let's see; I'm a successful entrepreneur and I had... -trust funds - no -expensive educations - university, but it's subsidized here so it's cheap. Almost any
by Banthum 9y ago
Let's see; I'm a successful entrepreneur and I had...
-trust funds - no
-expensive educations - university, but it's subsidized here so it's cheap. Almost anyone who can use a uni education can get one in western nations now.
-the disposable income and lack of financial responsibilities to be able to work for free for extended periods of time - I earned this working at a corp job and saving 30% of my income for about four years
-friends in industry - no
-investor class connections - no
-shitload of luck - hard to say. Probably yes.
You don't need the above; internal qualities beat these externals every time.
Countless trust fund babies have tried to start companies and done nothing but fritter away Daddy's money.
Anyway entrepreneurship isn't really about tech giants. Most entrepreneurs aren't starting giant tech corporations. They're just normal people trying to start a lawn care company, a plumbing outfit, a local chicken restaurant chain, a barber shop, etc etc. These kinds of businesses actually do have strong growth potential if targeted and run well. It's just that very few of their proprietors have the business acumen or desire to do it. I can name several always-packed local businesses in my town that could grow quite easily, but they just... don't.