Hi, guys. I hope I'm posting this in the right subforum, it seemed the most fitting.
I knew before reading the book that getting rich is not a matter of luck; that perseverance can and does increase the probability of an "event" that'll make you rich. The five systems mentioned in the book (also reflected in the subforums of this website) certainly make sense when your aim is to create wealth (inventions, licensing, real estate, etc). Yet here is something that's been nagging me.
While it is illuminating to understand leverage and what it means to be a producer instead of a consumer, actually creating a SUCCESSFUL business is still... well, I hate to say it, but is it not still luck?
Let me explain.
You have an idea for an invention, but no one wants it. You have an idea for a website, but it doesn't convert. You have an idea for an iPhone "app," but no one buys it. Many people start businesses but many also do not make it.
My question is this: What can we do to ensure that our efforts will create the highest probability that we eventually succeed? In other words, what is the difference between us here, out to create great wealth, and the average business owner who might be in a field conducive to creating riches but never makes it? How do we minimize the "blind luck" factor and increase control?
Oh, and a tag-on question regarding a job. Is a job always a disadvantage? After all, if you are to start a business, you need to save some capital. But is it not difficult, especially if you have a family or others to support, to quit your job and start working for zero profit for months, perhaps even a few years? Incidentally I'm single and "free," but I still have life expenses, and I'm not talking about extravagant crap like the latest toy, but things like food, transportation, and rent.
My biggest sticking point has always been not motivation but knowledge. I never had anyone around me who started his own business, some of the business ideas the book discusses didn't even exist in my reality, so the questions above are burning question marks in my mind right now.
Thanks for the insight. I could use it.
I knew before reading the book that getting rich is not a matter of luck; that perseverance can and does increase the probability of an "event" that'll make you rich. The five systems mentioned in the book (also reflected in the subforums of this website) certainly make sense when your aim is to create wealth (inventions, licensing, real estate, etc). Yet here is something that's been nagging me.
While it is illuminating to understand leverage and what it means to be a producer instead of a consumer, actually creating a SUCCESSFUL business is still... well, I hate to say it, but is it not still luck?
Let me explain.
You have an idea for an invention, but no one wants it. You have an idea for a website, but it doesn't convert. You have an idea for an iPhone "app," but no one buys it. Many people start businesses but many also do not make it.
My question is this: What can we do to ensure that our efforts will create the highest probability that we eventually succeed? In other words, what is the difference between us here, out to create great wealth, and the average business owner who might be in a field conducive to creating riches but never makes it? How do we minimize the "blind luck" factor and increase control?
Oh, and a tag-on question regarding a job. Is a job always a disadvantage? After all, if you are to start a business, you need to save some capital. But is it not difficult, especially if you have a family or others to support, to quit your job and start working for zero profit for months, perhaps even a few years? Incidentally I'm single and "free," but I still have life expenses, and I'm not talking about extravagant crap like the latest toy, but things like food, transportation, and rent.
My biggest sticking point has always been not motivation but knowledge. I never had anyone around me who started his own business, some of the business ideas the book discusses didn't even exist in my reality, so the questions above are burning question marks in my mind right now.
Thanks for the insight. I could use it.
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