Entrepeneurialism, FI and my thoughts on it

[bakania]

Hello, I am a person, that is reading alot of articles, watching videos on the internet about how to make money in this world and basically become rich.
I watch Tai Lopez, and I just read a couple of bits, from e-book millionaire fastlane.

I know minimum requirements are persistence and work ethic.

The jist of business/gettin rich/entrepeneurialism, is that you need a product or service that people would want. or you need to solve a problem people currently have and than ask money for it.

Ok, so I look at alot of bussiness around me in this world, and to me it seems that most bussinesses, are win/lose businesses. What I mean by that is that the producer or business, profits, and the consumer loses longterm and is really just makin the producer rich.

most obvious example, McDonalds, Mcdonals serves food that gives you short satifaction for a couple of seconds to minutes, and then the toxins and other stuff, is gonna toxify your whole body. The only one who really wins is the company McDonalds.

for example a, popstar, an entreupeneur would say they are fulfilling the need for emotional satisfaction in peoples lives. and thus adding value.

but again I would say this is a Win/lose, the popstar gets paid to do soemthing they like to do, and they are only providing soundwaves, not something tangible like a apple or just healthy food. I all subjective perceptual value. So the fans pay them to produce sounds and move around on stage, and its coold that the fans get their happy moment, but afther that they are back at their low paying fuck jobs.


So, I would say the ultimate problem to be solved, is work. I would say the fact that we need to work to survive due to bioliogical laws and nature laws, and scarcity, is one of our greatest pain points.

So I guess I should go into Artificial intelligence as a field or automation.

So this way, everyone can be Finanically free, not just the entrepeneurs with their passive income.

I am not saying there is anything wrong with entertainment, music and movies, its just that the only one that really wins with entetrainment industry is the receivers, the audience are the 'suckers' because the have to work low-paid job. It is not something I would want to participate in.

What are your thoughts? let me know,

[Ricky]

Most businesses, as you suspect, do not run a zero-sum game. Without going into the nutritional value of a dollar cheeseburger from McDonald's, you would not pay $1 if they gave you nothing in return. If you buy one, you made a conscious decision that the burger was worth the price they are asking. Your hunger was satisfied, and McDonald's made a little money. Both parties benefited.

The low-paid" workers who buy music and support artists are not getting ripped off in much the same way. I would suggest if its so easy to make great music and art then everyone would do it. Even if you did make all your own stuff, you're going to want to hear other's work. Buying a single song is relatively cheap and affordable. Streaming millions of songs via a streaming service is even more affordable. Price is dictated by what people are willing to pay. That doesn't mean that only the artist is benefiting. It just means it's a profitable industry if you make it big.

I'm sure someone could go into more complex details, but you're suggesting most businesses benefit at the expense of others, and that just isn't true. I'm not sure what your level of education is, but it sounds like you'd do well to pick up a few economics books.

[sunday]

So if someone finds value or enjoyment in fast food, or going to a concert, they are suckers?

That's a pretty paternalistic view of the world.

If you want to work in automation because you find it gives you what you want, whether it be the pay, enjoyment of work, the satisfaction of a god complex, or whatever, then good for you. But your subjective opinion doesn't constitute a global fact.

[Retired To Win]

... to me it seems that most businesses, are win/lose businesses. What I mean by that is that the producer or business, profits, and the consumer loses longterm and is really just making the producer rich.

Most obvious example, McDonalds. Mcdonalds serves food that gives you short satisfaction for a couple of seconds to minutes, and then the toxins and other stuff, is gonna toxify your whole body. The only one who really wins is the company McDonalds...

I very much disagree.  I think you've got the essence of free market trade completely wrong.

The person eating the McDonald's product paid for it because they considered, at that given moment, that the food was worth more to them than keeping the money.  And McDonald's considered that the person's money was worth more to the company than keeping the food.  Both parties, in their view, got more value than they gave.  Both win.

YOUR judgment on the value of the food has no bearing on the matter.  YOU are not a party to the transaction.

[Dorje]

The basis of a business is to offer something that has value to other people, at a price that is fair to both parties. Ideally, both parties benefit equally. Only d-bag sociopaths think it's cool to profit from others' misfortunes and make deals that hurt others. Unfortunately, there are a lot of sociopaths in business.

Your problem is you are making value judgements for others, who are you to say McD's burger is a rip-off? If it was nobody would buy it and McD's would go out of business. This is how the free market works. I happen to agree McD's food is actually a bad deal but other people are free to make up their own minds.

I've owned several businesses in my life and put my satisfaction with my work as my first priority. If you want to start a business I suggest you find something you enjoy doing and do it. It can start as a hobby, for example I've always been into HiFi stereo systems since I was a kid. I put a lot of cash and effort into it, I learned to build my own gear. Later I got an engineering degree. Now I own an audio company and I enjoy it a lot. Other businesses I've started I thought I would enjoy but got sick of it over time so picking something you can maintain enthusiasm for long term is key.

[grantmeaname]

The fact that you judge any given business as a bad deal for its customers doesn't make ripoffs a categorical bad idea. For example, people still need to eat. Even if McDonalds screws its customers (I disagree), doesn't the organic vegetarian fast-food place provide an alternative where both parties become better off? It can't be that all providers of food screw their customers, because people need to eat to live.

Or in other words, the fact that some businesses do things you disagree with does not imply that you couldn't start a business in which both parties are better off.