I have written about this for sometime now. But, it is apparent that the concept was not well-understood.
Let me just do it once and for all in a single essay.
To conduct a business, there are two categories - goods and services.
I shan't waste time on services. If you open a restaurant, that's service. If you open a law firm, that's service. If you drive a plane, that's service. If you open a clinic, that's service. If you open an accounting firm, that's service. If you open a retail store, that's service. If you open a mlm (multi-level marketing), that's service. If you open a tuition centre, that's service. If you open a hawker store, that's service. If you open a stock-broking house, that's service. If you open an insurance company, that's service (remember that CUNT who needs to deceitfully stop insurance payouts to make their director's bonuses). If you open a bank, that's service. Of course, if you are an employee, you are the mother-fucker of all services. Service business simply means it is person-specific; if you are not there on that day, your employees just have to close shop for that day. The good news about services is it is very simple to start, it is very simple to make money and it is very low on capital requirement. But, you will grind your stones (I meant balls) till the end of time.
For goods, not every good is good for you. Today, I would like to talk to you about the mistake of doing a technology business. Business is a very, very wide topic. To treat it so simply is also itself a mistake. But, please bear with me, I will do my best.
Not Good to do a Technology Business
Many times, I heard of people trying to do all kinds of technology business. They always like to bring their inventions to the table and talk until the heaven is now on earth to stay. I was once like that. Therefore, I am also only an after-event wise guy (事后孔明). So I am also a stupid ass in this arena.
In the past, I had started a technology business by recording stuff on DVDs way before any one had heard of DVDs in the market. It was a technologically advanced idea. I failed badly. I lost tons of money on people, equipment and time. People simply don't accept the idea. It was too ahead of its time. Of course, I had closed shop. Newcomers after me were extremely successful. However now, they too had closed shop.
Take another example:
Nokia started life in 1865 when a mining engineer established a groundwood pulp mill on the banks of the Tammerkoski rapids in Finland. Later through the years, Nokia made paper products, car and bicycle tires, footwear (including rubber boots), communications cables, televisions and other consumer electronics, personal computers, electricity generation machinery, robotics, capacitors, military communications and equipment (such as the SANLA M/90 device and the M61 gas mask for the Finnish Army), plastics, aluminum and chemicals. Eventually, Nokia decided to leave the consumer electronics behind in the 1990s and focused solely on the fastest growing segments in telecommunications. During the rest of the 1990s, Nokia divested itself of all of its non-telecommunications businesses.
After that, Nokia went ahead to become the largest telecoms equipment company on earth for a good 20 years; only to be fuckened by Apple and Samsung.
You can trace many other joke examples, such as Sony, Apple, IBM, Microsoft, Digital, Motorola and Yahoo. In time, you will also witness the demise of Apple and Samsung.
Technology is a product of the human mind. If 1,000 engineers work on a problem, it will produce great result. If 10,000 engineers were to work on the same problem, it will create super result. Hence, it got nothing to do with intelligence. It is a result of the number of engineers per technological product. Over time, some one from somewhere will come out with a killer technology idea to overwhelm everyone on earth. But, this is not going to last, another some one from another somewhere will come out with an even better killer technology to overwhelm the last. Just look at iPhone from Apple, it was overwhelmed within 10 years by a newcomer, Samsung. Such is the sadness of the day. Hence, you have to stop thinking technology business from now on. Anything that is remotely technical in nature, just stay clear of it. Because although your idea may be advanced at your time, it would be overwhelmed in time by others. You would then lose to your new competition and you will be fuckened to penniless again. If that is the eventual outcome, why start it in the first place.
Learn to measure your success at the temple (夫未戰而廟算勝). It is not about that one idea. It is not about that one dream. It is always about whether you have measured your success against philosophy.
It is also not money we are talking about here. But, the loss of your youth. It is pointless to work for decades on a technology idea and developed it for the benefit for mankind, so that mankind can fucken and leave you penniless after that, as if you only just started. Simply look at Japan, USA thanked Japan for producing all the wonderful technology products for the last 50 years without paying Japan back, after all USA only needs to print those colourful notes called currency and deliver it to Japan as "satisfaction of payment". In fact, that fucken little island has already delivered $300b in 2008. Now China is next in line. How wonderful ...
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