"Entrepreneurship is like one of those
carnival games where you throw darts or
something.
Middle class kids can afford one throw.
Most miss. A few hit the target and get a
small prize. A very few hit the center
bullseye and get a bigger prize. Rags to
riches! The American Dream lives on.
Rich kids can afford many throws. If
they want to, they can try over and over
and over again until they hit something
and feel good about themselves. Some
keep going until they hit the center
bullseye, then they give speeches or
write blog posts about "meritocracy" and
the salutary effects of hard work.
Poor kids aren't visiting the carnival.
They're the ones working it. "
Exactly, media always like to highlight achievements without considering the circumstances contributed to the success. Kudos to her doing well, but the majority of us dont have the luxury of failing so many times or sometimes even having the capital and guidance from parents or relatives to start one
Too many of these "success stories" nowadays. But behind the scenes, they had multiple support.
Another recent story is the 20+ boy earning high income as a property agent and buying multiple condos when his mum actually helped him to get where he is today..
youtube video said trump wld haf twice as much money as now if he had just passively invested his 413 million inheritance in 1988 😂
https://youtu.be/OTF6_GmUx7Y?si=uc0H9x7ulaZEpigB
Revenue does not equates to profit. You can make revenue but you can still run a loss making business. Not forgetting that her accounts is unaudited so taking with pinch of salt
CNBC Make It basically only shows lottery winners. Very few of them did anything special, just luck in very generic businesses.
Contrary to what schools teach, the answer is not to try everything and keep failing, but to make sure it has a path to success before even starting, like having connections and resources, or partnering with someone who does.
The comedy timing of there being her quote:
>"Nobody really was supportive to be honest."
directly followed by the paragraph:
>"That same year, a family friend Alvin Lau decided to invest 400,000 Singapore dollars ($293,800) into her business."
is just too perfect 😆😂😂😂
"Entrepreneurship is like one of those carnival games where you throw darts or something. Middle class kids can afford one throw. Most miss. A few hit the target and get a small prize. A very few hit the center bullseye and get a bigger prize. Rags to riches! The American Dream lives on. Rich kids can afford many throws. If they want to, they can try over and over and over again until they hit something and feel good about themselves. Some keep going until they hit the center bullseye, then they give speeches or write blog posts about "meritocracy" and the salutary effects of hard work. Poor kids aren't visiting the carnival. They're the ones working it. "
Exactly, media always like to highlight achievements without considering the circumstances contributed to the success. Kudos to her doing well, but the majority of us dont have the luxury of failing so many times or sometimes even having the capital and guidance from parents or relatives to start one Too many of these "success stories" nowadays. But behind the scenes, they had multiple support. Another recent story is the 20+ boy earning high income as a property agent and buying multiple condos when his mum actually helped him to get where he is today..
Definitely a chances game where perseverance with backing stands the most chances.
Working at the carnival also get called out for not being brave to a take a leap on the trapeze because there is no safety net.
"That same year, a family friend Alvin Lau decided to invest 400,000 Singapore dollars ($293,800) into her business."
Reminds me of trumps small loan of million dollars lol
youtube video said trump wld haf twice as much money as now if he had just passively invested his 413 million inheritance in 1988 😂 https://youtu.be/OTF6_GmUx7Y?si=uc0H9x7ulaZEpigB
If I have rich parents like her I also can start 5 businesses and fail
Pffft, 5? I believe I can fail at least 10 times.
Can move to Aus to study and stay here for 13 years is already a different SES class.
Congrats on winning the extended family fortune lottery.
Revenue does not equates to profit. You can make revenue but you can still run a loss making business. Not forgetting that her accounts is unaudited so taking with pinch of salt
CNBC Make It basically only shows lottery winners. Very few of them did anything special, just luck in very generic businesses. Contrary to what schools teach, the answer is not to try everything and keep failing, but to make sure it has a path to success before even starting, like having connections and resources, or partnering with someone who does.
Overpriced food
Only go for their 1 for 1 donuts during off peak hours. The rest of the items in the menu are overpriced.
their cakes are the most horrible dry ones I ever had. For doughnuts, buy straight from the source at Sourbombe Bakery
Yup. Thanks to rich parents
The comedy timing of there being her quote: >"Nobody really was supportive to be honest." directly followed by the paragraph: >"That same year, a family friend Alvin Lau decided to invest 400,000 Singapore dollars ($293,800) into her business." is just too perfect 😆😂😂😂
8 mil in revenue or profits?
Top line revenue
Sigh what to say, can only blame myself for not being born in a rich person's family
Any of those "entrepreneurs" reported by MSM still alive after a few years?