2 ms·
If you read the book Millionaires Next Door they pretty much tackle this problem and show that owners of small->medium sized businesses are the bulk of the mill
by krschultz 18y ago
If you read the book Millionaires Next Door they pretty much tackle this problem and show that owners of small->medium sized businesses are the bulk of the millionaires. A lot of these businesses are just run of the mill things like construction, commercial real estate, service stations etc. The home runs from taking huge risks are few and far between.
- SwellJoe 18y agoThe Millionaire Next Door also reportedly has data problems, but, I think the idea of becoming one of those millionaires next door from software is also sound. I think the risks that have to be taken for those home runs in software are smaller, as well. What's the cost of a major construction project that can net millions in revenue vs. a major software project that can net millions in revenue? I was just think we're pretty lucky (or clever) to be working in a field that has produced so many billionaires in a short period of time, and now requires less risk and investment than ever before. It's a good time to be a nerd.