[KareemAbukhadra]

just a friendly reminder that you do not need to build a billion dollar startup to achieve wealth & status.

sometimes building something that makes 1-2mn a year is the right move.

[garry]

I made this video and agree with this comment! Not everyone needs to make a billion dollar startup.

[quickthrower2]

100k/y is probably enough for a lot of people too!

[riku_iki]

1-2mn is likely much more fragile source of income in a long term comparing to capital acquired from successful unicorn.

[ineedasername]

Sure, but that's a bit like saying "if you have a job, you could lose it. But if you win the lottery you're pretty much set"

[riku_iki]

It is not about level of income, but about long term sustainability, which I believe should be main goal.

Small business is fragile endeavor, comparing to both regular employment and scaling small business to larger one with higher resistance to risks.

[ineedasername]

Sure, but if stability is your goal, you're much more likely to find stability by attempting to create a small business than by attempting to create billion dollar business.

My suspicion is that a person who is constantly chasing a billion dollar business is going to have to make a lot more hops than someone chasing a more modest goal.

This is not a recommendation to avoid those billion dollar goals, just an observation on relative probabilities, and what is an appropriate target if your goal is stability.

[KareemAbukhadra]

eh. not necessarily.

[person_of_color]

What are multimillion dollar ideas?

[ineedasername]

Buy a popular franchise. McDonalds net profit is estimated around $150,000 per year. That's after any reasonable salary you are also paying yourself. Based on typical margins, that alone, in gross revenue, is > $1,000,000/year.

[person_of_color]

I want multimillion profits not revenue

[KareemAbukhadra]

many more exist IMO and biz model is much more proven

[quickthrower2]

What isn't? A small chain of bars, for example.