Specifically the US but I guess this could be asked anywhere.

I am not of the assumption it is actually possible for any normal person that doesn’t already have millions. The days of an honest mom and pop seem long dead (since at least the 90s, maybe 80s). Or if there are any, they are struggling to even stay afloat.

Like many, I thought I’d always want to start some sort of good business that actually serves a need. I now see that as impossible. I know people who made small niche software in the 80s, ended up making it a decent size company and retired with millions. I do not think anyone could do that today, especially with how tech is now.

I see plenty of scammy tech startups. This isnt what I’m talking about. Imagine a CNC shop starting today. They largely dont exist because no one does engine work anymore and most things are throwaway. Similar thing for any type of repair, none exist because its all throwaway. The only businesses I ever see are reselling things made by slaves in China. No one makes anything (other than 3d printed junk).

I’d be quite surprised if anyone is living decently off a real, honest business that they didnt get millions from their parents to start and that doesn’t exploit the hell out of others.

  • MrOtingocni
    27·
    20 hours ago

    Well sure. I started a mobile auto repair business. That’s a field that is rife with incompetents, junkies, and straight up scammers. It’s the Wild West as far as businesses go.

    Unlike most of the mobile guys in town, I went all in on the professional front. Had a webpage, business cards, uniforms, took CC on the spot or online, emailed pdfs of estimates, diagnostics, and invoices, etc.

    By the time I wrapped it up, I had a huge roster of clients. Years later I still get calls. I did it simply by being honest and trying to make sure my customers interests were also my interests.

    I turned down work if it was outside of my abilities, I never upsold, if I broke something I paid for it out of pocket, and tried my very hardest to not recommend any repair without solid diagnostics first.

    Had I wanted to keep going, I could have easily hired a crew and expanded. Once your name gets out, there’s more work than one person can shake a stick at. And expanding means transitioning from laborer to manager. Then it’s on to franchising.

    When you get an LLC, the banks will throw money at you. Even without collateral. What ever you are being offered in personal loans now, times it by 10. Show a years worth of growth and reasonable fiscal management and they’ll give you a key to the vault. No joke.

    So, yes, if you have a skill, you can do honest business and turn very little into a lot.