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Author Topic:   Why don't most people understand this part of entrepreneurship?
Taq
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Posts: 9973
Joined: 03-06-2009
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Message 3 of 6 (895084)
06-07-2022 4:52 PM
Reply to: Message 1 by coffee_addict
06-07-2022 12:47 PM


coffee_addict writes:
Why in God's name does most normal people think when you start a business you have to profit right away?
Presumably, that's been their experience their entire life. They work for two weeks and they get a paycheck a week later. Some may even live paycheck to paycheck, and would expect a business to support them in the same way.
They are probably also suffering from what I call the problem gambler's psychology. The rare stories of people making huge profits their first month overwhelms rational decision making and causes them to ignore the normal outcome, which is a slow grind to steady profit. I tend to have the opposite reaction. I hate losing money so I don't enjoy gambling, and starting my own business would probably stress me out to the point of psychosis. The only way I would start a business is if I had a large enough bankroll to lose a fair amount of money for 2 years.

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 Message 1 by coffee_addict, posted 06-07-2022 12:47 PM coffee_addict has not replied

  
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