Ask Lemmy
A Fediverse community for open-ended, thought provoking questions
Rules: (interactive)
1) Be nice and; have fun
Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them
2) All posts must end with a '?'
This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?
3) No spam
Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.
4) NSFW is okay, within reason
Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com.
NSFW comments should be restricted to posts tagged [NSFW].
5) This is not a support community.
It is not a place for 'how do I?', type questions.
If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.
6) No US Politics.
Please don't post about current US Politics. If you need to do this, try !politicaldiscussion@lemmy.world or !askusa@discuss.online
Reminder: The terms of service apply here too.
Partnered Communities:
Logo design credit goes to: tubbadu
view the rest of the comments
The problem is luck plays an enormous role in whether or not a company fails or makes bank. This is how we end up with idiots who become hundred-millionaires or billionaires. Though being savvy helps improve your chances.
If you're good at playing the dailies, you will inevitably go bust, possibly while owning a bunch of rotting commodities that didn't sell in time, but once you have a reputation friends will lend you money to get back on your feet (which you pay back with interest.)
"Contract management", I think it's called.
You hire the services of one factory or laboratory to do your manufacture and packaging, another company for distribution and marketing, another for accounting, etc. You can build a good-sized company with one employee: You, the owner.
Yeah usually the two requirements there are a decent business sense and a boatload of starting capital