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Small-Scale Question Sunday for May 26, 2024

Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?

This is your opportunity to ask questions. No question too simple or too silly.

Culture war topics are accepted, and proposals for a better intro post are appreciated.

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I was a single digit employee number at my current gig, now very successful by any stretch of the imagination.

Competence is critical. Like you, most failed entrepreneurs I've met are idiots. I've also seen some semi-successful ones that aren't super hard-working but compensate with some light grift and charisma.

I think if you have:

  • A true runway to spend what you need on supplies/marketing/living for a whole year
  • Some sort of revenue lined up to start
  • A comprehensive plan and/or are doing something through a franchise
  • The qualities to manage the number of people you want to have the business grow to (EX: You want to run a 7 person coffee shop, you should have the EQ to manage that many people)

You can be successful. Securing funding and taking advantage of luck are the keys, IMO.

Are you considering any business plan?