u/Do-drug-dont-school

Should I be buying up all the local cheap properties around these data centers to resell at a huge profit after this thing bursts and they get abandoned?

I know this gets said in many comments but I'd like to address it and talk with any of you who may have experience with it so others can learn from this.

The misconception: "I have "x" skill, so that means I can start a business with it"

How many of you have done this or seen someone do this? Where they were in an industry for a long time and have lots of experience doing the work, so then they go out on their own. What's your experiences with that and how did you/they handle it?

I see this on here and in all the business threads.

"I worked for "x" company doing (insert literally anything here), I've decided to start a business using this skill." Or "I started a business doing (this hobby or thing I've done for years) and I'm doing great on the production/service side but for some reason the business/marketing/sales/accounting side just isn't working." Many of them will have humility enough to say idk what I'm doing and I need help but most are just clueless as to why there years of experience making snowglobes does not translate into running a fulltime product manufacturing business where they need to handle all marketing, sales, and accounting. Not the people scaling too fast that are doing good just don't know how to translate their growth that's a different issue but at least their business is working while there's so many that are just clueless and can't even get off the ground.

We all know there's a difference between owning a business and owning a job. Both are good for different reasons, they may have similar tax implications but they aren't the same. I'm not even talking about specifically people that own their own job, specifically services people, at least their thing likely works in an already established industry where all they have to do is get a few clients and grow organically or even just stay small and keep just working for themselves.

Here's my hot take: "Just because you have experience doing something, THAT DOES NOT MAKE IT NOR YOU A POTENTIAL BUSINESS." YES, I know anyone can start a business and anyone who tries is brave to go out and do it. But please, just because you can doesn't mean you should. I get you have experience making cakes, that does not mean you should open a bakery. Most of what I mean is, DO YOU EVEN KNOW HOW TO MAKE IT PROFITABLE? Most of the time, the issue I'm seeing is, people can make tons of product and then can't sell it or their margins are killing them. Part of owning that business is knowing how to sell your products, that's the big one. Everyone can figure out how to ship their product or deliver, unless it's specific circumstances, everyone can figure out how to make it, everyone can figure out how to set their own product apart from others or come up with creative ideas for how to change it the way they want, moreso anyone can handle the product or service side. It's the side that matters most that's killing it, which is just knowing how its profitable and what business they're actually in.

I see so many people selling a product or service that don't even know they're in the wrong market. Like these saas people selling these softwares are all trying to target businesses to get their crap software used on a subscription basis but they don't want to actually provide anything worth paying for. As in, they want to handle all the easy parts for the business and charge them for it. Then call it a service and market it to businesses in those fields of application. It seems like mostly a scam but it's more that this saas crap has gotten trendy and seems like an easy cheap cash grab so they get into it and make tons of the same model without figuring out what those industries even need.

Or back to the cake bakery example, this person who just knows how to bake a cake opens their bakery and wants to sell to the public at their brick and mortar. They make a bunch of cakes, put out signs, have a GBP, maybe a website and get some foot traffic. Let's say their issue isn't even on margins, it's just on marketing and realizing their industry. They live in a town with very little foot traffic, high car travel, and their only income is from the five parking spots in front of their store. Bad location aside, they're in the business of making cakes when a small change to their model could vastly increase sales such as switching to a purely catering delivery service and targeting weddings/parties/and events where the physical location becomes a tasting venue rather than a cake store. This is just an example but this applies to so many different businesses. yes I get that catering is a different business than bakery to a degree and adds the cost of a vehicle and catering supplies, but honestly a physical location isn't even necessary and can be circumvented at the beginning to pay for the catering supply expenses and access to a commercial kitchen as needed to fulfill orders. Then you lose tons of overhead that can go into marketing.

I'm not pitching this as a business idea but you can surely see what I mean when I say not every person with a skill should own a business. This isn't directed at anybody with a cake shop so don't think I'm calling you out lol.