Quote:
Originally Posted by Fuzz
The giant corporations make that harder and harder. What are you going to do, open a hardware store(for example)? You can't compete on inventory, because you won't get the deals HD or Rona get.
OK, so you create something unique, and your business is to sell it. Except now it's been copied and sold for 1/10th of what you can manage, 6 months after you got setup.
I don't think in this modern world small businesses have much of a chance. Sure, there are some industries that might find success, but it's not like it was in the past.
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I totally disagree with the bolded. Just like at any point, there have always been niche things that a person could start. I'm 100% self employed, and know lots of other people who have nice little businesses that are working.
It's not going to be "start an undifferentiated store and compete with someone who has 1000x more scale than you" but the internet has made the world a lot smaller, so you can effectively market around the world in your niche now.