I've come to a conclusion that entrepreneurship is just next to impossible
- Toys R Us = bankrupt
- Equifax incident showed us what liability risk exposed looks like
- Overcapacity of metals sector in China shows us what happens to high cost producers like smelters in America's rust belt
- bad financial management : Lehman Bros
- Inability to be a good steward of capital = Bernie Madoff
- Inability to deliver a proper product that works = Theranos
- Even if the product does work will they buy it (the customers ? ) = Juicero
- How do you know your distribution model won't screw you over ? Sears + WMT < Amazon, Blockbuster < Netflix
- Labor unions
10 Liability risk = Chipotle E.Coli incident
- better substitutes ? Carbon fiber replacing aluminum in planes
- Litigation risk ? Class action lawsuit against Samsung for phones exploding
- Even if you do have a product how do you distribute it ? Tesla arm-twisted into distributing via existing car distributors due to corrupt governor-distributor lobby nexus in MIchigan.
Sorry pals. Starting a venture today and making it a commercial success is next to impossible. It's just not going to happen. Enjoy your desk job for the 60 years of your life. Maybe if you're lucky enough, you can afford a Porsche. Don't expect more than that.
Everyone is interested in being the next blah blah, but they don't see how they can become the next Bernie Madoff or Toys R Us.