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by basisword 1843 days ago
>> I think a lot of people's main problem with entrepreneurship is that it's by and large a rich kid's game.

>> No access to credit, no chance of getting in front of a VC firm to pitch, etc.

You're looking at this from a startup perspective I presume. You're ignoring the many plumbers, electricians, corner shop owners and other small business owners. Very few of these people were rich before starting their businesses. In the online world you can do similar things through e-commerce, small SaaS businesses etc. You can work on these in your spare time until they start to generate income + they have little to no startup costs.

2 comments

Successful businesses in these construction fields were started a generation or more ago and handed down to family members.

Even electricians and the like have a very difficult time getting beyond self-employed with an assistant and maybe a partner who helps part-time with billing and scheduling. That leap to getting a second employee who can work independently in the field is a big one. Why is that person working for you rather than themselves? A good portion of the time, the answer to that question is that they are related to the owner in some way.

Unlike the startup founders those don't get a 4 hours week after they're successful. Yes they can because wealthy, but they have to keep working 70 hours weeks to keep their business afloat.
If you get to the point of having a bunch of people working under you and taking on more and more responsibility for the hands on work, you could conceivably have something like a four hour work week?

One of the main take aways from Feriss' book was that he achieved the 4-hour work week by continuing to delegate more and more responsibility to the people working for his business.