One way to look at all ventures is from the outside in. What are the objective or historical odds of success?
- Powerball: 1 in 292201338
- Roulette (single number hit): 1 in 38
- Blackjack: 100 in 237
- Survive a skydive: 199999 in 200000
- High School player making it to the major leagues: 1 in 6600
- Earn more than $100k per year in an MLM: 1 in 909
- Earn more than $100k per year as a musician: 1 in 1000
- Landscaping startup: 1 in 7
- Tech startup: 1 in 10
You can look at that list and decide which you think is the best investment.
However, it’s not that simple, is it?
For some things, you can measure success on a sliding scale rather than binary. For some things, only you can define success. For some things, you can create an environment more conducive to success. For some things, you can inherit or develop the necessary personal skills for success. For some things, luck may lead to success.
Can you beat the odds?
