donderdag 4 augustus 2011

Choosing The Right Industry


The world is full of money. Some of that money has your name on it. All you have to do is di it out of the mine - but which mine?

Certain industries are more glamorous than others. Some require huge investment, some can be conquered out of a garage. Some are growing, others are in decline. Should you choose only to operate in a glamorous, growing industry? Where is the most opportunity to be found? How do you choose the right mountain.

Forget glamour if the getting of money is your priority. Few of those who wish to start their own movie company own the coolest PR outfit in the world or steal Steve Jobs's gadget thunder will ever succees. The reason is obvious. The laws of supply and demand apply  not only to commodities but to the choices people make. Too many people wish to make blockbuster movies and live in Beverly Hills. Not enough people wish to start a landfill company and dig holes.

Gold rushes rarely happen in old mines. New or rapidly developing sectors often provide more opportunities to get succesfull. The reason for this include: (1) availability of risk capital; (2) investor ignorance  and greed; (3) the power of a rising tide.

Investors gravitate to emerging industries in the hope of making a killing. The power of a rising tide masks manu start-up diffuculties putting newer companis on a more even footing with larger, more established  operators, at least for a while. A rising tide floats al boats.

30 opmerkingen:

  1. Great read, I felt intrigued to be reminded about supply & demand, and how it effects the work market.

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  2. To get money, I'd better study politics. :D

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  3. perhaps the 3-d printing industry will yeild some results...

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  4. Politics requires money!! I think. I want to hear exactly more about this.

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  5. Wise statements. I would choose either gaming industry or petroleum mining.

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  6. Very intresting perspective, thanks for sharing!

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  7. That car is gorgeous. I would paint it red and black, then ride around in a giant fur coat. The whitest pimp to ever exist.

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  8. The best investment you can ever make is making friends with rich kids haha

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  9. Torn between the career path I want in education that will leave my penniless and having some other job when my wallets bursting >_<

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  10. well i'm just glad there's plenty of money in working for the nhs :D

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  11. I still have no idea what I want to do, but there's plenty of options to explore!

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  12. Mm interesting and true. Always good read man.

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  13. Thanks you for the post!

    Check out my blog at artofthefighter.blogspot.com

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