Most people are only familiar with DeFi on a surface level: they know it has the potential to widen financial inclusion, for example, or to encourage permissionless innovation.
Entrepreneur feels that many skeptics just don’t fully grasp the opportunities it presents.
‘Many entrepreneurs,” they say, “have chosen to get on board because DeFi, by nature, removes many of the barriers to entry that prevented small-/mid-size enterprises and start-ups from entering the market.”
“DeFi today is still very much the Wild West,” says Worth.
“Thieves, federal investigations, cyberattacks, and a new class of brash capitalists chasing a gold rush: it’s the American love story with capitalism, exported on a global level.”
“DeFi is the new lemonade stand,” Entrepreneur quips.
“The time has come to address the most significant issue in centralized finance: too few people are in control.”
The concept of the lemonade stand is an apt one: you’re providing
goods or services your fellow humans want or need, and they pay you
for them. There’s no need for an intermediary like a bank or financial
manager.
It’s also appropriate in that it takes very little real money to set up such a “lemonade stand.”
Creating a lemonade stand isn’t just about starting a business, either.
It’s about contacting other people, forming networks that can work to everyone’s favor in the future.
“Anyone in the world,” says Entrepreneur Magazine, “should be able to create a marketing strategy for their project or product without facing multiple insurmountable roadblocks along the way.”
DeFi offers such a chance for the entrepreneur.
More importantly, this concept can benefit any type of business model, concept, or idea.
All you need is a good idea, an internet connection, and a few minutes to set it all up.
Spend some more time researching and getting to better understand the power of DeFi.
Then you can set up your own lemonade stand. ;)
To your success,
