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Questions for the Millionaires (alien.top)

submitted 11 months ago by EliPro414@alien.top to c/entrepreneur@indiehackers.space

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Those who bring in $1Mil+ a year from their business, what kind of business do you run or what sector are you in? How many attempts of starting businesses did it take to get to where you are? And if you had any advice or tips to those wanting to get started, what are they?

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[–] 88captain88@alien.top 1 points 11 months ago (1 children)

Competitive advantage not unfair. There's no such thing as fair in competition, as long as you're ethical.

I believe there's a stat that 80% of businesses are started by people leaving their job and doing the same thing themselves. Construction, auto sales type businesses come to mind. They learn how the industry works then just build it themselves.

I always look for businesses that give me a competitive advantage. Usually something that I have another business in a similar industry and the businesses can use eachother and both save money.

[–] EmilyLovs@alien.top 1 points 11 months ago

Competitive advantage not unfair.

That's why it was in quotes mate...