About 15 years, it’s all about who you know not what you know. If you have the right connection, you can have any business or project even if you do not possess a corporate entity. You can just get project, and act as the subcontractor to let project run by itself. there will not be any liabilities or hassles. even if the project failed, you can just refinance it. Today, while it still helps if you have the right network, but you have to also have the capability to execute, and have to have the capability to deliver. If something happens, there will be liabilities, and even if one doesn’t get into that mess again, but one may have burnt that bridge forever.
Still, to some, the sort of network and the relationship one possesses that gets access is a strategic advantage in the business world, it’s something that is intangible and yet is so exclusive that it was somewhat decided when you were born. A birth right.
For example, if you are born into a family of bankers, your immediate family friend may be families of lawyers, business owners or at least bankers alike. Your network value, per se, would be of much higher than if you are born into a family of regular mom and pop shop owners. One’s starting line was determined at that point.
However, the beauty of the society is that it would have allowed the ones with low starting point to reach to the top, and for the top to drop to the bottom. Yes, lately, when i look around the world, I fear that system slowly being destroyed; opportunities are less on a domestic basis, education is now a commodity, and unless you have the courage and the guts to explore the world, your chances are limited. And even if you are able to explore the world, your success is not guaranteed. Likewise, if you look into the professions of most if not all direct relatives of the high ranking officials across the world, you won’t be surprised to see them in either private equity, banks, venture capitals, or government owned corporations. They are eagerly exploring the rest of the world, just like the rest. But their starting stage is higher and that the stage they possess is of less risk and higher return.
We could argue that they may also fail, but the likelihood of them becoming successful? I would say that it would be significantly higher.
Is it me,or is the world really getting smaller?
Time to start climbing again.