Jason Nazar started his business in 2007 with pretty much just the $20k he had in savings. But he says that it would have taken at least a million if he had tried to start it ten years earlier.
Counter-intuitive? According to Jason, this surprising change has come about largely because of enormous economies of scale resulting from technology.
Speaking of technology, it's technology that holds your network together, and "Your network is your key currency." "It will always be who you know that gives you the competitive advantage in business."
Why? Because business owners are essentially taking risks all the time - gambling that the cost of providing their product or service will be offset by the price their customers are willing to pay. Therefore, they will want to do business with you . . if they know that you have a good track record. It's one less thing for them to worry about.
There's much more from this thoughtful observer of business and entrepreneurship regarding the future of business here.
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