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Starting a business is one of the best paths to make a lot of money in a short time period though. And it all depends on your financial goals. Want low 6-figu
by everdev 8y ago
Starting a business is one of the best paths to make a lot of money in a short time period though.
And it all depends on your financial goals.
Want low 6-figures a year? Get a career.
Want medium 6-figures a year? Bootstrap a business.
Want 7-figures a year? Take VC money.
And yes, the success rates get progressively worse, but if your goal is to average $500k-$1M+/year over the next 5 years, your chances of making that as an employee are probably far less than your chances of making that owning a startup.
- avmich 8y ago> if your goal is to average $500k-$1M+/year over the next 5 years, your chances of making that as an employee are probably far less than your chances of making that owning a startup Exactly. Startup is the only way to make money, while being reliably preserved from management errors which you can't prevent or compensate for. You can join an early Facebook, but that's a luck game, not a systematic approach where you'll actually influence chances.
- mattmanser 8y agoA lot of people wouldn't call a company that is never destined to grow overall a few million $$$ turnover a startup. It's a term without a strict definition.
- fernandopj 8y ago"You’re not going to get rich renting out your time. You must own equity - a piece of a business - to gain your financial freedom." - Naval[1] [1] https://twitter.com/naval/status/1002103670400417792 https://twitter.com/naval/status/1002103670400417792