If poking a buy/sell button is more stressful than hiring, finding new customers, evolving your business model, negotiating with vendors, securing financing, navigating arcane tax, legal, and government structures, and fending off competition, perhaps you're doing it wrong?
https://twitter.com/shl/status/1363883682436554756
Think the core issue is control, or the illusion of control.
Yes, owning a business comes with more levers to pull and your ability to influence those levers matters, but it also comes with outrageously less liquidity. If stuff goes wrong, it's 100% your problem and no way out.
Yes, owning a business comes with more levers to pull and your ability to influence those levers matters, but it also comes with outrageously less liquidity. If stuff goes wrong, it's 100% your problem and no way out.
And, for those who have never owned/operated a business, stuff always goes wrong, constantly. All businesses are loosely functioning disasters that sometimes make money.
Those who are successful long-term are able to create redundancies and absorb the inevitable big shocks.
Those who are successful long-term are able to create redundancies and absorb the inevitable big shocks.
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