Take for example military engineering, something I’m quite interested in. Modern warfare will be dominated by drones in the future, at least that’s what I expect. So developing Programs and Routins might be something you could have a lot of success with in the future. Yet for a private person, to get into those hardly dominated businesses, were big corps already have a great advantage in all aspects, is very hard or even impossible, I think, so maybe that’s nothing for an entrepreneur. So how could you start with those businesses that are hard to get into? Simply apply? All kinds of advices are welcome
Btw Im pretty young if that affects the topic.
You’re young and already thinking about a future business, you already have an advantage
You’re kinda right, thanks
There’s very few business categories that are truly impossible to break in to. If you really have passion and drive, you can make it happen.
You can solve new problems and find a mark.
Many businesses and their entrenchments are what are actually killing them. For example, legacy autos. They hang on to their old platforms as they fail to make EVs. Same can be said about many legacy-style businesses.
Tech has made it so you can start a company with basically nothing. Look into agency models. They’re lean!
You either get into a business where others already have an edge or you don’t get into business at all. Even if you invent an entirely new field someone will still have a better network of investors and lawyers and all the other background aspects that apply to business in general than you and they will just see your new field and get involved with a huge advantage over you.
That’s so true. That motivates me, thanks stranger
No problem. Often I see people fixated on having a novel idea when really most successful businesses don’t really do anything that original. I run a masonry Contracting business. My field is one of the oldest there is. I certainly didn’t invent bricks or Scaffold or anything really. I see my job as just learning how to do things efficiently and finding the best possible contracts I can. You don’t need to reinvent the wheel, just use the wheel wisely.
That’s so true too. I totally agree. Often people think they have to invent something new or change the way something is used which might lead to great success in very few cases but as you said, often it’s just better to be the best in a field already existing.
Follow Palmer Luckey. Study him try to even go work for him. Watch every podcast he’s on.