The only problem here is that entrepreneurs are humans and as such they tend to swing for the fences. I know I do. Its the come big or go home mentality. Its the American way. Whatever you want to call it, its in our genes to do it that way.
Yeah we could all become the equivalent of craftsmen who had to then organize into guilds/unions to get a decent wage. Why do that when we can go home millionaires with the right idea/right money.
If you build a small business you can build a large business. All the same principles are at stake. However, in theory it's easier to build a small business first time round (baby steps). You can swing for the fences on biz 2.
Yeah I hear you but the steps you take in building a small business, while perhaps less risky, are the same. Yet you even get cache in trying a big business. I've done 5 startups (2 successful and 3 not) but I can point to that in my next you can't use your small business as an example you can do a big one.
So at a certain point in your life it makes sense to swing for the fences if you are the only bread winner for your family I definitely understand reducing risk.
Yeah we could all become the equivalent of craftsmen who had to then organize into guilds/unions to get a decent wage. Why do that when we can go home millionaires with the right idea/right money.