You can go on Flippa right now and see thousands of software ideas that people have spent hundreds and thousands of hours on and you can buy them for $5,000 
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W odpowiedzi do @ianlandsman
This is about the upper and lower bounds of outcomes for each option. If Justin Jackson has the choice between starting a snowboard shop or a software company, he should definitely choose software.pic.twitter.com/yUWG5aNbWQ
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W odpowiedzi do @mijustin @ianlandsman
Or buy a chik-fil-a and make more % than software ever dreamed of. Lots of money in the world in lots of industries.
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W odpowiedzi do @ericlbarnes @ianlandsman
In profit? No way. Generally, the margins and upside are better for most SaaS businesses with good fundamentals. https://www.franchise.city/chick-fil-a-franchise …pic.twitter.com/Bq8NwkpNDA
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W odpowiedzi do @mijustin @ericlbarnes
Many franchise owners in all kinds of franchises own more than one. That’s how you become very successful if that’s the goal. Still making 150k when average salary is 50k still seems very good.
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W odpowiedzi do @ianlandsman @ericlbarnes
Not compared to the risk and work that’s involved. (Do you know many franchise owners? The ones I know work crazy long hours, have tons of stress, and are constantly fighting razor-thin margins)
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W odpowiedzi do @mijustin @ericlbarnes
Perhaps with Transistor you haven’t had that stress but i’d say that you are the exception not the rule.
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W odpowiedzi do @ianlandsman @ericlbarnes
But I have had the stress when I was running these businesses: - wedding videos - snowboard shop - web design - consulting - online course - SaaS (
@TransistorFM) For me, things got progressively less stressful and more profitable.1 odpowiedź 0 podanych dalej 0 polubionych -
I personally don't think it's because of the industry. I'd wager it's because of what you learned doing those others first that both made the last successful and less stressful.
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W odpowiedzi do to @ericlbarnes@mijustin i jeszcze
I just feel like you are overselling software. A brick-and-mortar small biz entrepreneur is going to have a very stressful and expensive time building a software product starting with zero industry knowledge.
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But I was a brick-and-mortar guy and eventually got enough experience to do software. The category you choose determines your margins, customer demand, competition, etc. Of course it matters! You keep assuming I’m pitting “zero experience” people against “folks with a chance.”
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W odpowiedzi do to @mijustin@ericlbarnes i jeszcze
It’s both true that software can have great margins, that some sectors are generally more profitable, and that skilled operators can have a great biz in other sectors. For context, here’s some data on sector performance (from
@AswathDamodaran’s Little Book of Valuation IIRC)pic.twitter.com/3AlG5tSwzw
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