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[ AHA MOMENT ]: This is actually a very POOR way to judge an opportunity...

by TimothyW
2 replies
It's very common, and SEEMS to make sense to judge an opportunity using this criteria...
"Will it make money?"

But, that's actually a very bad method of judging an opportunity.

LOTS of things will "make money."
Digging ditches "makes money."

The thing to be aware of is, what is the RATIO of time needed vs. $$ made?
Also, what is the "headache per dollar made" ratio?

Be careful you are not giving yourself the online equivalent to digging ditches!
Be aware. Be careful. AVOID things that will ultimately turn you into a ditch digger.

Cheers.

-- TW
#aha #judge #moment #opportunity #poor
  • Profile picture of the author LillySage
    Good advice...

    Put it another way...Build businesses that run themselves...not ones that run you!
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    • Profile picture of the author AprilCT
      Sounds right to me. With the advance we have in electronics right now, there's no need to work digging ditches unless there is no other way to buy a computer so you can get started.
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