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Yes, they may be better at running a business, but they'll be stuck in running a business. Small businesses aren't easy to sell, there are tons of family-type
by igrekel 16y ago
Yes, they may be better at running a business, but they'll be stuck in running a business.
Small businesses aren't easy to sell, there are tons of family-type small businesses (and I am not talking about corner shops) lacking anyone to take over.
- jv22222 16y agoNope. They won't be stuck. A huge part of building this type of business is automating it. Derek Sivers completely automated CD Baby to a point where he wasn't even needed anymore. Then he sold it for $22m. Actually that's the perfect example of what I'm talking about. Not sure why I didn't think to to mention it before.
- igrekel 16y agoThat's too easy to say. While making it all automated is the goal, it doesn't mean it will be attained. I believe CD Baby is more an exception than the rule. Its hard to hire people who care, let alone people who will make sure the business runs even without you.