David Royce

You know, when I was in college, you know, the way that you mainly got into business, maybe you could read some books, but most people went to school, you know, they went through a business program to learn business initially.

And there weren't even a lot of entrepreneurial programs back then.

Today there's more.

It's almost like the market demands it, but yeah,

In today's world, think about it like a podcast, right?

There's so many business podcasts out there.

There's so much information online.

Now with like ChatGPT, you can literally, you know, ask, okay, what's the profit margin of pest control?

What's the best profit margin in a blue collar industry?

What is private equity buying?

You know, what industry has the margins where they're actually increasing or

multiples where they're increasing.

And so there's so many ways to learn about business.

I'm still long on college.

I think it just needs to kind of be redone.

I think they need to tweak it a bit.

But yeah, so the first thing I would say is if you want to learn an industry,

study it first, find an industry you think you might want to go into.

Two, go get experience in it because the experience will make you that much more successful when you go to start your own business.

If you think about franchises, franchise models have an 80% success rate.