I have a different perspective on entrepreneurship, having done full time work, consulting, and ran a small business employing others.
When you are an employee, you sell your time for money.
When you are a contractor, you take more risk but you have more freedom. You can charge based on how much value you provide, by virtue of the fact that you can name different prices for new clients.
When you run your own shop, you can productize you services reap the benefits of re-using everything. Not only that, but you provide employment others, who do the actual work.
But all these are not the best way to accumulate a lot of wealth. Instead, if you can partner with some capital, some expertise, and in general launch a rocketship, do it. Start a startup and give away enough equity to make sure it succeeds. Make sure to only do it if the startup a decent salary from the beginning. Keep doing this until you hit a big exit. Then you have it set.
You can keep doing this without being rich. What you need is to have access to capital. Preferably capital that's looking to fund ideas.
There is more and more of that capital every day. Such as crowdfunding. You lose very little to make a camapaign or an ICO.
When you are an employee, you sell your time for money.
When you are a contractor, you take more risk but you have more freedom. You can charge based on how much value you provide, by virtue of the fact that you can name different prices for new clients.
When you run your own shop, you can productize you services reap the benefits of re-using everything. Not only that, but you provide employment others, who do the actual work.
But all these are not the best way to accumulate a lot of wealth. Instead, if you can partner with some capital, some expertise, and in general launch a rocketship, do it. Start a startup and give away enough equity to make sure it succeeds. Make sure to only do it if the startup a decent salary from the beginning. Keep doing this until you hit a big exit. Then you have it set.
You can keep doing this without being rich. What you need is to have access to capital. Preferably capital that's looking to fund ideas.
There is more and more of that capital every day. Such as crowdfunding. You lose very little to make a camapaign or an ICO.