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Beware 'almost unlimited upside potential'. So has the lottery. I abandoned my small business that had made a quarter of a million dollars over the years (gross
by Applejinx 9y ago
Beware 'almost unlimited upside potential'. So has the lottery. I abandoned my small business that had made a quarter of a million dollars over the years (gross) to convert it to Patreon: decimated my income, but made it way more stable and predictable.
If I wanted to advise young people in such a way that they'd be secure, I'd tell them to (a) go into trades and (b) study some of the entrepreneurial types but apply it to marketing their merits as a tradesman, not as an 'inventor' or 'programmer'. Some of Guy Kawasaki's stuff is quite good that way, generally useful.
Anything with 'upside potential' is balanced by a very real risk of getting gruesomely hosed through pursuing that bait. It seems like 'being a human' is one of those 'upside potential' things, and on the whole we're set up to fail.
- gaius 9y agogo into trades Absolutely. A plumber is never going to see business dry up, if you'll forgive the pun. "Unlimited upside potential" is another thing said by people who want to hire engineers for less than they're worth...
- Applejinx 9y agoNot quite true: when we're all living in modular robot houses that aren't human-maintainable, the plumber's got no purpose anymore. But for the time being, he's got a very large installed base of stuff to maintain, and he's going to be as secure as he wants to be (if he knows enough of the entrepreneurial thing to manage a personal business and his reputation).