The author also points out the risks of relying on existing platforms for business, citing the lack of customer support as a potential issue. Despite the challenges, the article ends on an optimistic note, stating that most people, with experience and skill, will eventually reach the top 30th income percentile. It suggests that income correlates more with age than any other factor, and that even in an unstable economy, individuals can still have a significant edge.
Key takeaways:
- Humans are always peer relative, meaning if everyone around you is affected by the same thing, it doesn't affect you as much.
- Technology is allowing consolidation and reducing the number of entrepreneurship options which have no fundamental reliance on a platform entity.
- The rise of online sellers has increased the number of self-employed people or company directors, but it has not kept up with increases in population.
- Over the course of their lifetimes, most people reach at least the top 30th income percentile for 10 years or more, meaning with more experience and skill, most people earn enough to save money.