Starting A Business Isn't Rocket Science
You Can Make Money Doing Anything
In a capitalist economy, you can make your riches doing pretty much anything.
Or to be more exact, you can make your riches owning and managing a company that does more or less anything.
Starting a company: the forgotten alternative to live as a cubicle slave
Non-entrepreneurs look at the market place and say 'but there's already a company doing that'. They fail to realize that their own 'product', their labor, is no less open to competition. In fact, the competition is often more serious.
On several occasions I recruited temps to work on projects I was overseeing. For just one position, there were over 70 applicants within 24 hours. This was for a position paying approximately $13 / hour. Almost all of the applicants could have done the job. Frankly, can you think of any other space where there are over 70 competitors ACTIVELY competing for business at a given price point?
Most schools and parents preach 'study, get qualifications, get a job, and hope for promotion'. They forget to mention the alternative path of starting your own business. A path that isn't necessarily more difficult.
Getting started as an entrepreneur is a lot cheaper and easier than you would imagine.
For example, do you have the next 5 minutes free, and $99 available on your credit card? Well, let me introduce to you Wild West Domains Inc http://www.wildwestdomains.com/ . For $99, they offer you a web hosting business in a box. They delivery the service, bill the customer and handle customer support. There's no inventory. All you would need do is market the service, and deposit their check. You could do it. In fact, anyone could do it.
Even if you don't fancy having your own web hosting company, there are valuable lessons here:
- You can afford to start your own business
- You could start a business quickly, and easily
- Outsourcing and reselling can enable you to deliver a broad range of quality products/services from day one of trading
- You don't have to give up your day job to start your own business. Some businesses take little time and are compatible with full-time work
- Your business doesn't need to have to offer original products or services. It can happily exist by selling me-too services
I do not expect you to set up a business today. But I do expect you to fully comprehend that you COULD set up a business today. And I hope that understanding brings you closer to the day when you do set up your own business.
April 5, 2005 in Start-Ups | Permalink | Comments (6) | TrackBack