Working Towards A Long Term Business Strategy
Premise The aim should be to select an industry that meets the following criteria An unglamorous business. These have lower competition simply because people do not want to do this work as much as other kinds of work. For example, nobody wants to do a garbage collection business because it is deemed to be low status A non-Black Swan business. Avoid these all or nothing businesses - for example Instagram influencers - the top 2% make 95% of the earnings and the bottom 98% earn 5% of the earnings. You are very unlikely to be in that 2% Higher barriers to entry. For example, to set up an accounting practice, you need a Practicing Certificate which requires 2 years of post-qualification experience. You don't want to just offer generic services as it will not stand out - you want to develop a thesis Possible Outcome 1: Finance Study for ACA - pass exams now and then apply for another training contract to get qualified by age 26. Then get 2 years post qualification experience to get the