The problem is luck plays an enormous role in whether or not a company fails or makes bank. This is how we end up with idiots who become hundred-millionaires or billionaires. Though being savvy helps improve your chances.
If you’re good at playing the dailies, you will inevitably go bust, possibly while owning a bunch of rotting commodities that didn’t sell in time, but once you have a reputation friends will lend you money to get back on your feet (which you pay back with interest.)
“Contract management”, I think it’s called.
You hire the services of one factory or laboratory to do your manufacture and packaging, another company for distribution and marketing, another for accounting, etc. You can build a good-sized company with one employee: You, the owner.
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The problem is luck plays an enormous role in whether or not a company fails or makes bank. This is how we end up with idiots who become hundred-millionaires or billionaires. Though being savvy helps improve your chances.
If you’re good at playing the dailies, you will inevitably go bust, possibly while owning a bunch of rotting commodities that didn’t sell in time, but once you have a reputation friends will lend you money to get back on your feet (which you pay back with interest.)
“Contract management”, I think it’s called.
You hire the services of one factory or laboratory to do your manufacture and packaging, another company for distribution and marketing, another for accounting, etc. You can build a good-sized company with one employee: You, the owner.
Yeah usually the two requirements there are a decent business sense and a boatload of starting capital