![]() ![]() Winners like Jeff get to buy giant yachts while other smart, hard-working, and very talented losers go get a job. They just didn’t win the business lottery. No matter how skilled you are, how prepared you are, or how hard you work, you still need a healthy dose of luck to win in an industry that is “winner-take-all.” Sure, Jeff Bezos is a smart dude, but plenty of others are just as smart and creative. And more often than not, that advantage has to do with luck and circumstance. The same phenomenon applies to anything where a small advantage leads to disproportionate results. Amazon is a giant among ants, and while it does have some competitors, they are few and far between. Now, it continues to disrupt entire industries and accounted for 49% of all e-commerce spending in 2019. It’s long been, by far, the largest bookseller on earth. Or look at the tech industry, where you have a few companies that dominate the market. Now there are billions of us, and none of them. Some historians believe that we actually co-existed with Neanderthals at one point until we humans decided we didn’t want to share our planet anymore. One species wins the genetic lottery, and the rest vanish forever. A few dozen authors sell millions of books, while 98% of books and authors only sell a few hundred copies (if any at all). Take the book publishing industry, for example. ![]() It’s characterized by any business or event where only a small percentage of people enjoy the lion’s share of the rewards while everyone else goes home empty-handed. It’s about NOT being what Taleb calls a “sucker.”Īnd one of the biggest sucker moves is to start a business where the odds are stacked against you so heavily that you only have a sliver of a chance to succeed. That seems to be essential to succeed in business these days. I’ve been reading Nassim Taleb a lot lately, which seems to be helping me avoid stupid mistakes in life. Let’s start with a few of the major success-killing mistakes to avoid so you can one day give your boss the finger. And in this article, my goal is to help you see through that bullshit, so you can actually start a business and eventually quit your job, and do it all without risking your savings or overworking yourself. SPOILER ALERT: If it were that easy, everybody would do it!īut thankfully, there is a reliable way to escape your day job. ![]() The people sharing this information made it look like they are living the dream because they figured out some secret that you don’t know and that once you pay for them to reveal that secret, money will fall into your lap. Everywhere I looked, someone was revealing a “secret” strategy for making easy money online or generating passive income with real estate. One of my biggest lessons came from having to wade through all of the get-rich-quick schemes. It turns out that many of my assumptions about starting and running a business were completely wrong. I work fewer hours, enjoy that work more, and I make more money.īut in order to get to this point, I had to learn a few lessons. I wake up without an alarm clock and often take time off in the middle of the week to go mountain biking. I get to enjoy the freedom and free time that comes with owning a profitable business. I felt my stomach drop every Sunday when I realized Monday was soon to be here.īut since I’m not a trust fund baby, I needed the money. Waking up each day and realizing that I had to go to work was torture. I really, truly, deep down, despised almost everything about it. I was counting down the days because I, like millions of people, hated my 9-5 job.Īnd this wasn’t just a mild dislike of my job either. I used to wake up every day with one single question on my mind, “how many days are there before the weekend?” ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |