Entrepreneurs Aren’t a Special Breed – They’re Mostly Rich Kids

Re:Entrepreneurs Aren’t a Special Breed – They’re Mostly Ric... by manigandham on Thursday November 09, 2017 @12:23AM (#15660090)

Entrepreneurs start businesses. A small fraction of those businesses are SV startups, but the vast majority are not - so this article talking about "entrepreneurs" doesn't apply to the vast majority of them, has no sources for what it claims, and is thus rather useless.

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Re:Entrepreneurs Aren’t a Special Breed – They’re Mostly Ric... by vorotato on Thursday November 09, 2017 @01:55PM (#15664840)

Most small businesses fail. They fail because the founder doesn't have enough money to survive the dips and bumps. Being rich gives you an edge in making money, it's pretty cut and dry.

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Re:Entrepreneurs Aren’t a Special Breed – They’re Mostly Ric... by WalterBright on Friday November 10, 2017 @04:37PM (#15673261)

Most fail for lots of reasons, insufficient capital is only one of them. Another large reason is incompetent accounting - i.e. having a poor grasp of their financial situation. This is often confused with insufficient capital.

Besides, anyone can start a business with essentially zero capital. One can mow lawns, do babysitting, maid service, write apps, write a novel, etc. The only capital I invested in my own business startup was buying a computer.

Search Amazon books for "starting a business with no money" for lots of ideas.

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