Quoted from konjurer:
Perhaps I can lift the shroud of mystery for you. I study and teach this stuff for a living and, .
Pretty fascinating breakdown teach.
So you teach this stuff in school? This is how you do it, by the textbook? Allow me to play the crusty old do-nothing economics professor to your revolutionary, real world genius Rodney Dangerfield.
Looking to make some money? Enter a crowded, low-margin, niche marketplace where failure is the norm and startup costs are high that you really don't know anything about and try to make a go of it!
Staffing? Hire a bunch of old people off the street who have been out of the industry for years, and make sure the staff is massive. Pay them for years without earning any income.
Launching your first product? Do a half ass prototype reveal at a trade show that is guaranteed to underwhelm!
Promotion? Get online and talk shit about your competition, make promises you continually fail to live up to over 2 years, alienate and insult your intended market, and then hop on to a podcast to talk more shit about the competition!
This is business 101? Where do you teach, may I ask? You know, in case anybody I know is looking for a business school.