Quote: (01-23-2012 10:54 AM)defguy Wrote:
probably forgotten all the painful little lessons hes learned along the way.
Yes. Great post. The business model sounds interesting but the devil is in the details. Think it through, make a list of all the things that can go wrong (should be 50+ things, not 3) and what actions you will take to correct them. If you're not scared, then go for it. IMO, the key to entrepreneurship is being humble enough to know that things WILL go bad. Don't be rosy-eyed like everything will be perfect. Know they will go bad and have a plan to deal before they get worse and debilitating. For example; what happens when your renter guy starts skimming and stealing and ruining your model? What happens when price of supply doubles? Etc.