I made this video and agree with this comment! Not everyone needs to make a billion dollar startup.
Re:Billion Dollar Startup Ideas [video]
by quickthrower2 on Sunday November 15, 2020 @07:49PM
(#25106656)
100k/y is probably enough for a lot of people too!
Re:Billion Dollar Startup Ideas [video]
by riku_iki on Sunday November 15, 2020 @09:14PM
(#25107204)
1-2mn is likely much more fragile source of income in a long term comparing to capital acquired from successful unicorn.
Re:Billion Dollar Startup Ideas [video]
by ineedasername on Sunday November 15, 2020 @10:06PM
(#25107527)
Sure, but that's a bit like saying "if you have a job, you could lose it. But if you win the lottery you're pretty much set"
Re:Billion Dollar Startup Ideas [video]
by riku_iki on Sunday November 15, 2020 @11:24PM
(#25107995)
It is not about level of income, but about long term sustainability, which I believe should be main goal.
Small business is fragile endeavor, comparing to both regular employment and scaling small business to larger one with higher resistance to risks.
Re:Billion Dollar Startup Ideas [video]
by ineedasername on Sunday November 15, 2020 @11:31PM
(#25108036)
Sure, but if stability is your goal, you're much more likely to find stability by attempting to create a small business than by attempting to create billion dollar business.
My suspicion is that a person who is constantly chasing a billion dollar business is going to have to make a lot more hops than someone chasing a more modest goal.
This is not a recommendation to avoid those billion dollar goals, just an observation on relative probabilities, and what is an appropriate target if your goal is stability.
Re:Billion Dollar Startup Ideas [video]
by KareemAbukhadra on Sunday November 15, 2020 @09:35PM
(#25107331)
eh. not necessarily.
Re:Billion Dollar Startup Ideas [video]
by person_of_color on Sunday November 15, 2020 @08:09PM
(#25106802)
What are multimillion dollar ideas?
Re:Billion Dollar Startup Ideas [video]
by ineedasername on Sunday November 15, 2020 @10:14PM
(#25107560)
Buy a popular franchise. McDonalds net profit is estimated around $150,000 per year. That's after any reasonable salary you are also paying yourself. Based on typical margins, that alone, in gross revenue, is > $1,000,000/year.
Re:Billion Dollar Startup Ideas [video]
by person_of_color on Monday November 16, 2020 @08:47AM
(#25111538)
I want multimillion profits not revenue
Re:Billion Dollar Startup Ideas [video]
by KareemAbukhadra on Sunday November 15, 2020 @09:35PM
(#25107329)
many more exist IMO and biz model is much more proven
Re:Billion Dollar Startup Ideas [video]
by quickthrower2 on Sunday November 15, 2020 @09:42PM
(#25107374)
What isn't? A small chain of bars, for example.
sometimes building something that makes 1-2mn a year is the right move.