You make a better OR cheaper product and you will by definition win. If you don't win it's most certaintly because it's not better OR not cheaper. Basic market economic forces at work. These forces are ruthless though. Can be devastating for people.
@levelsio
-
Entrepreneurship Humility: Market Fairness for SMB Startups
By
–
Entrepreneurship is extremely humbling. You can be the best person in a company climbing to the top but starting a company you'll get rekt by the market who doesn't buy your product. I love it for this. Esp at SMB level it's usually very fair.
-
Entrepreneur Failure Rates and Market Dynamics Explained
By
–
It's by default an extremely low odds, if an experienced entrepreneur does everything properly they still have a 95-99% chance of failing. Many times more experience and more skills even has negative effects on odds. Market changes every day. That also makes it exhilerating.
-
Entrepreneurship drives innovation, jobs creation and economic growth
By
–
Entrepreneurship incentivizes innovation and then productizes it. The fruits of that are jobs created, tax paid, and that can flow back to people through social government systems. And making the country itself richer.
-
Capitalism and welfare systems can coexist and strengthen each other
By
–
You can both support entrepreneurship, capitalism and have a social welfare system with free healthcare, public transport and taking care of people. They're not mutually exclusive. Actually they benefit each other.
-
Entrepreneurship odds stacked against founders
By
–
Entrepreneurship is an extremely low odds endeavour, the odds are completely stacked against you. I don't think approaching it in a mindset of who's the victim is useful. That is unless you want end capitalism which is a different topic.
-
Opposite of Survivorship Bias: Understanding Selection Logic
By
–
Opposite of survivorship bias tho "Survivorship bias or survival bias is the logical error of concentrating on entities that passed a selection process while overlooking those that did not. This can lead to incorrect conclusions because of incomplete data."
-
AI Clones Struggle with Profitability Despite Market Aggression
By
–
Yep clones are ruthless these days, but they usually barely make money
-
Automated Business Life: Coding, Coffee, and Simplicity
By
–
Hah yes I do very few things though, my businesses are heavily automated. I mostly drink coffee and sit and code with @AndreyAzimov on the couch. Then we eat dinner and try go gym every 2 days. And then I see gf and go hot bath etc. Very very very simple life. Very effective.