3 ms·
Factually most businesses don’t make it past the 5 years point for different reasons which are not always even solvable by the the starting team. An example wou
by WastingMyTime89 5y ago
Factually most businesses don’t make it past the 5 years point for different reasons which are not always even solvable by the the starting team. An example would be the market moving at a time where you don’t have enough available capital to adapt. The alternative is doing something relatively predictable and safe like a corner store or a bakery. There is good money to be made there but probably not much more than by doing a well paid engineering job for most.
Don’t get me wrong. Starting a business is a bet in yourself which is always good. I think people who are interested in the life style should definitely do it, just not by using all their retirement savings.