3 ms·
If only people were allowed to start their own companies.
by amadeuspagel 2y ago
If only people were allowed to start their own companies.
- johannes1234321 2y agoYou can start your own company, but in today's world you are immediately in a global competition. Not only in software, but also many forms of production a Chinese 3d printed thing will be shipped cheaply to your customers, for many services one competes with cheap labor ... You got to offer good quality and stand out, which isn't easy without capital.
- snozolli 2y agoYou're also competing with multinationals that can exploit tax loopholes and attract tax incentives and grants.
- eppp 2y agoWho have also captured regulators and politicians and use them to cement their advantage by making things too costly and difficult for new startups to compete.
- Hoasi 2y agoCompetition is for losers. All you have to do is create value in an entirely new niche category that you will own by offering something that didn’t exist before and that people want.
- johannes1234321 2y agoTill the multinational corporation with deep pockets decides to go after your niche. They don't have to be profitable inside that niche, while you have to.
- hylaride 2y ago> You're also competing with multinationals that can exploit tax loopholes and attract tax incentives and grants. Not only that, but often with whole government backed companies where the government will gladly support them and even participate in espionage to gain competitive advantages. Huawei is the classic example, but is just the tip of the iceberg. Meanwhile in most of the western world, executives are focusing on the next quarterly results...
- manishsharan 2y agoAlso most of the buyers prefer to buy from their preferred vendors. Good luck trying to get on that list. Your products will have to be priced at a fraction of your competitors for them to even evaluate you. My employer buys a crap load of crap stuff from Broadcom just because the procurement is easy.
- jimnotgym 2y agoIf they have the capital...