4 ms·
the best way is to find an industry where people are already making a ton of money, and carving a piece of that. Inventing the wheel is a recipe for disaster..
by vaksel 16y ago
the best way is to find an industry where people are already making a ton of money, and carving a piece of that.
Inventing the wheel is a recipe for disaster...because not only do you have to convince them to buy from you...but you also need to convince them to buy the thing in the first place.
- deleted 16y ago[deleted]
- conorgil145 16y agoIf everyone took that point of view, then no new industries would ever get started. It may be much more risky, but sometimes if you can "invent the wheel" and execute extremely well, then you have the potential to make a lot of money even before any competitors enter the industry that you have created.
- vaksel 16y agotake the risk after you get your first 10 million