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Old 12-12-2019, 11:15 PM
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Originally Posted by Unregistered View Post
Nah, this is not true. In the end, no matter where you start from, the rich will always be business owners. You’ll never be rich working for someone else.

Doctor starting and running a clinic or a chain of clinics = entrepreneur
Lawyer starting and running a law firm employing Lawyers= entrepreneur
Cook starting a restaurant chain = entrepreneur
Teacher starting a tuition centre chain = entrepreneur

The only exception is that you already have a highly sought after set of skills to make your initial investment easier. Eg sick people will definitely need to see a doctor, so it makes it easier to attract customers. Especially with an ageing population, population influx in foreigners and major government HDB projects in our less developed heartlands, the demand of GPs will increase and if you can start a successful chain of clinics then you yourself can also make a huge payoff.
Chain of GP clinics? They are already everywhere.

The barrier to entry is high due to the high cost of rental and property and intense competition.

The chains undercut each other when trying to win contracts with insurance companies and employers. Back in 2008 many company or insurance contracts had a cap of $20 per visit inclusive of consult and medication.

A haircut probably costs more.

Tuition centre might be a better bet. But as with all businesses in sinkieland the cost is too high.
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