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2. Inventory. If you run a tech business, you have no idea how complicated this stuff is. It adds two orders of magnitude of difficulty to everything. Today’s successful consumer product cos also have to have a high level of tech mastery to succeed. It’s brutal.
If you’re thinking about starting a consumer product company or a tech company, unless you have a STRONG predilection towards hardware or an amazing consumer product idea, skip it and go straight to tech. You’ll have a better life and make more money.
Finally, I hate to say this but it’s just true. If you’re a tech company in America you don’t have to compete against China inc. (at least not yet...). In consumer products, you do and you will likely be completely outmatched. gL HD
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