Wants to open up a company
Not so sure how successful it would be
Wants to work hard and make a lot of money
But not to only make a couple dollars or a penny
The business world seems really cut throat
If you don’t know your “stuff” you might fall out of the boat
But, first consider your opportunity costs
Once you start you may have already lost
Then check out the market
If it’s not rolling, you may want to park it
Will you even make a profit?
You don’t want to jump in if you’ll have to shut down or exit
Review everything before you invest and lose it
Invent something and get a patent
But then you have to worry about other snatchin’ it
Maybe get involved in an oligopoly
Or even better your own monopoly
Whatever you choose, you will have competition
Just don’t lose will or ambition
The world of economics is so complex
It may be smart to move on to the next
But maybe this is where you want to be
Give your all before your tank is on “E”
Econ 200
T R 8:00 am
Subscribe to:
Post Comments (Atom)
This is just little parts of Economics. So it should be monopolies and oligopolies simplified. I agree with what you say about it is tough to start a business. My dad owns his own busniness and he gets real focused and you must be if you want your business to succeed. Other than that great post.
ReplyDelete