Re:Entrepreneurs who regret starting businesses
by JohnFen on Tuesday April 04, 2023 @03:08PM
(#35444474)
> Middle class kids can afford one throw.
> Poor kids aren't visiting the carnival.
This doesn't agree with my experience. I grew up poor, and by the time I hit middle class income levels, had already thrown the dart more than once. At middle class, I also threw the dart a few times.
One of the things people misunderstand about starting businesses is that they think you need a lot of money to do it. You don't. Adequate funding makes the experience more comfortable (fewer nights going without eating, the ability to hire people to help, etc.), and perhaps makes the venture more likely to succeed (although that's a matter of legitimate debate), but isn't necessary.
What's necessary -- regardless of monetary resources -- is an almost pathological drive to do whatever it takes to make the business work. I've found, personally, that the single factor that makes the difference between success and failure is being in a position where failure would mean complete and total personal disaster. Then my survival instincts kick in and help.
> Poor kids aren't visiting the carnival.
This doesn't agree with my experience. I grew up poor, and by the time I hit middle class income levels, had already thrown the dart more than once. At middle class, I also threw the dart a few times.
One of the things people misunderstand about starting businesses is that they think you need a lot of money to do it. You don't. Adequate funding makes the experience more comfortable (fewer nights going without eating, the ability to hire people to help, etc.), and perhaps makes the venture more likely to succeed (although that's a matter of legitimate debate), but isn't necessary.
What's necessary -- regardless of monetary resources -- is an almost pathological drive to do whatever it takes to make the business work. I've found, personally, that the single factor that makes the difference between success and failure is being in a position where failure would mean complete and total personal disaster. Then my survival instincts kick in and help.