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If it took 1 person to make, sell, and distribute those things, then $70 million are enough to retire comfortably. If it takes 100 people, then you could still
by Decade 12y ago
If it took 1 person to make, sell, and distribute those things, then $70 million are enough to retire comfortably. If it takes 100 people, then you could still retire, if you lived somewhere cheap.
More realistically, you might sell a few hundred thousand to the developed world, and then sales fall off a cliff, because it takes a lot of work to distribute outside your home market. Total payoff: Less than 2 months' salary.
That's the concern with the new lights. The industry is built on 1,000-hour bulbs and regular replacements. We currently have a boom as incandescents get replaced by fluorescents and fluorescents get replaced by LEDs (my father hates fluorescent light). Once that is done, who is going to buy bulbs at the rate that the factories can produce them?
- theworst 12y agoThis thread has gotten way out of hand with the thought experiments that reveal more about the author than the subject... but I can't resist! If it took 100 people to make/sell/distribute, and you are the owner of the company, you're probably going to still be rich. Figure 99 employees at $150k fully loaded annually would cost you 15 million dollars, leaving 55 million to retire on. Of course, if you are an employee, you would only have a job for 1 year.
- theworst 12y agoThis thread has gotten way out of hand with the thought experiments that reveal more about the author than the subject... but I can't resist! If it took 100 people to make/sell/distribute, and you are the owner of the company, you're probably going to still be rich. Figure 99 employees at $150k fully loaded annually would cost you 15 million dollars, leaving 55 million to retire on. Of course, if you are an employee, you would only have a job for 1 year.