--- title: "Meaning & Key Takeaway of: Every time I started a business and the…" description: "\"Every time I started a business and the people told me I was an idiot, I ended up making a lot of money. Si Redd used to say me, \"Boy, you gotta be whe..." image: "https://sms4smile.com/quotes/i/6c4/bob-davids-67005_areas_every-time-i-started-a-business-and-the_1806626.jpg" --- # Every time I started a business and the people told me I… ![“Every time I started a business and the people told me I was an idiot, I ended up making a lot of money. Si Redd used to say me, "Boy, you gotta be where they ain't." What that means is that you find areas of low competition because high competition means lower margins, and lower margins mean less…” quote by Bob Davids](https://sms4smile.com/quotes/i/6c4/bob-davids-67005_areas_every-time-i-started-a-business-and-the_1806626.jpg) [Download](https://sms4smile.com/quotes/i/6c4/bob-davids-67005_areas_every-time-i-started-a-business-and-the_1806626.jpg) [Open image](https://sms4smile.com/quotes/i/6c4/bob-davids-67005_areas_every-time-i-started-a-business-and-the_1806626.jpg) > “Every time I started a business and the people told me I was an idiot, I ended up making a lot of money. Si Redd used to say me, "Boy, you gotta be where they ain't." What that means is that you find areas of low competition because high competition means lower margins, and lower margins mean less profit. So we were always looking for places where we can be unique. If the thinking is out-of-the-box, people may not understand because they have not seen it before... Therefore you are an idiot.” Bob Davids ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. He argues that success often comes from operating in underserved markets where competition is low. **In simple terms:** Find niches with little competition. Key Takeaway Seek low‑competition opportunities for higher profit. Themes entrepreneurship strategy niche markets Mood analytical pragmatic Type strategic motivational When to use this quote - starting a startup - investing in new tech - consulting services Key Concepts market analysis competitive advantage innovation Questions to Reflect On - How can you validate demand in a niche? - What risks accompany entering an untapped market? A Different Perspective Low competition may indicate low demand or high risk. ★ ★ ★ ★ ★ No ratings yet [Boys](https://sms4smile.com/quotes/about/boys/) [Business](https://sms4smile.com/quotes/about/business/) [Competition](https://sms4smile.com/quotes/about/competition/) [Idiot](https://sms4smile.com/quotes/about/idiot/) [Lots of money](https://sms4smile.com/quotes/about/lots-of-money/) [Money](https://sms4smile.com/quotes/about/money/) [People](https://sms4smile.com/quotes/about/people/) [Profit](https://sms4smile.com/quotes/about/profit/) [Thinking](https://sms4smile.com/quotes/about/thinking/) [Time](https://sms4smile.com/quotes/about/time/) ## Related quotes > [Ask any keeper what it's like when there's a recognised No. 1, the competition might not be as high. 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