3 ms·

Start your own company then

jonathanjaeger 14y ago
"Starting your own company" is certainly not for everyone. And even for those who will eventually have the knowledge and domain expertise to start something profitable (i.e. pays at least your own salary), it often takes time. You don't suddenly pop out of high school and have a profitable company on your hands.
- helloamar 14y ago
  Everyone can't start one, to start one we should have focus, commitment, idea, most important part is to do the ground work.
  - chii 14y ago
    > Everyone can't start one i'd like to challenge this idea that not everyone can start a company. May be not in the current form that a company takes - i.e., having a lot of "admin" stuff to take care off (such as taxes, registration, various laws etc). I think specialization is the key here - may be there is room for a specialized company whose sole job is to take the "business admin" part out, and all the founder has to do is actually do the work. All of the other parts that a ancillary is done by this specialized company. What this could mean is that instead of working for someone, everyone works for themselves, and all the organizing happens via some automated fashion (akin to how the stock market operates). Also what this means is that if the efficiency of the system is can be made high, then mediocrity will quickly die out (due to natural selection).
ebiester 14y ago
How do you start a company without money? It's hard to start any business without a minimum of cash flow. I know my parents couldn't have fronted me the money...
- camus 14y ago
  you dont get a lot of cashflow if you begin your professional life with a 100.000$ debt.
  - ebiester 14y ago
    So, an eighteen year old without that debt is going to have a better shot? Let's not talk about the case where the child has a trust fund, or wealthy parents, or is incredible at a skill. Let's talk about the average 18 year old. Considering that nobody in their right mind would give that 18 year old a business loan, where are they getting this capital to start a business? (Remember, due to the recession, the traditional entry level job is taken by people with significantly more experience, making the skill and income acquisition portion of the program harder.) When I hear this advice, I usually hear it from people born on second base and think they hit a double.
    - chii 14y ago
      > nobody in their right mind would give that 18 year old a business loan that's only if the giver of the funds is an irrational actor. if the business proposition has meat, they ought to be able to get funds. The next gen of fund raising would very much be like kickstarter (except this time, you actually get equity, not just a preordering system). I suspect you could even keep the identity/private information of the founder a secret, and make the proposal and get judged by that alone.

"Starting your own company" is certainly not for everyone. And even for those who will eventually have the knowledge and domain expertise to start something profitable (i.e. pays at least your own salary), it often takes time. You don't suddenly pop out of high school and have a profitable company on your hands.

helloamar 14y ago
Everyone can't start one, to start one we should have focus, commitment, idea, most important part is to do the ground work.
- chii 14y ago
  > Everyone can't start one i'd like to challenge this idea that not everyone can start a company. May be not in the current form that a company takes - i.e., having a lot of "admin" stuff to take care off (such as taxes, registration, various laws etc). I think specialization is the key here - may be there is room for a specialized company whose sole job is to take the "business admin" part out, and all the founder has to do is actually do the work. All of the other parts that a ancillary is done by this specialized company. What this could mean is that instead of working for someone, everyone works for themselves, and all the organizing happens via some automated fashion (akin to how the stock market operates). Also what this means is that if the efficiency of the system is can be made high, then mediocrity will quickly die out (due to natural selection).

ebiester 14y ago

How do you start a company without money? It's hard to start any business without a minimum of cash flow. I know my parents couldn't have fronted me the money...

camus 14y ago
you dont get a lot of cashflow if you begin your professional life with a 100.000$ debt.
- ebiester 14y ago
  So, an eighteen year old without that debt is going to have a better shot? Let's not talk about the case where the child has a trust fund, or wealthy parents, or is incredible at a skill. Let's talk about the average 18 year old. Considering that nobody in their right mind would give that 18 year old a business loan, where are they getting this capital to start a business? (Remember, due to the recession, the traditional entry level job is taken by people with significantly more experience, making the skill and income acquisition portion of the program harder.) When I hear this advice, I usually hear it from people born on second base and think they hit a double.
  - chii 14y ago
    > nobody in their right mind would give that 18 year old a business loan that's only if the giver of the funds is an irrational actor. if the business proposition has meat, they ought to be able to get funds. The next gen of fund raising would very much be like kickstarter (except this time, you actually get equity, not just a preordering system). I suspect you could even keep the identity/private information of the founder a secret, and make the proposal and get judged by that alone.