3 ms·
Being a successful business is not all gambling luck, it's not always working long hours for crap pay, and many, many people have started companies with familie
by elliotec 9y ago
Being a successful business is not all gambling luck, it's not always working long hours for crap pay, and many, many people have started companies with families and without losing everything they put in. Also, "90% of people choose not to work at a startup" seems like a really bad guess.
- agentultra 9y agoI didn't suggest it was impossible or that you couldn't start a business when you have a family or other dependents. I do believe that it's risk to start one or work at one if you do not have ways of mitigating the risk to the people you are responsible to. It is fundamentally a gamble. Everything else is risk mitigation: having a savings account with enough money to cover your obligations of for a couple of years, starting in a low-risk niche, working with partners, insurance, etc, etc. In the end the market may make the venture a flop: hopefully you've taken enough precautions that it doesn't leave you with a foreclosed house and filing for bankruptcy. The only real competitor anyone should care about is themselves. Being an entrepreneur, recklessly, is not going to satisfy that itch in the long run.