Want to make a lot of money? Work in finance or sell a business

Dave Portnoy said it in a podcast recently. If you want to get rich, you can either do that through working in a place like finance or by selling a business. These 2 ways are the best ways to do it and since he knows a thing or 2 about building a business I guess he may have a point.

I have done both and both are hard, but who said making money will be easy? Working in finance and getting to partner level is extremely difficult and you can be fired at any time. Dave also said that in order to make his business Bartoolsports work, he needed to leave his job and really go full time to give it any sort of chance. This is a good point as building a business, you really do need to dedicate serious time to make it work.

So every way you look at it, making money is hard. In finance, you will be working 100 hour weeks and the grind is brutal, but so will you if you are building a business and the chances of making it at less than 1 percent!

Check out startups vs banking

Startups vs banking from a former Techstars COO and Lazard Salesperson

So you have seen the movie social network and think you can make a Mark Zuckerberg and build another facebook easily? So you are tired of the investment banking finance world but you think you can easily make it in startups as an entrepreneur. Don’t be fooled, startups are for no softies, and it’s probably not for you.

FounderBountyVlad Kozul

Here is the video where he talks about just that