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It seems like, throughout history, there are tremendous periods of growth followed by periods of drought. For proof of this, one needn't look any further than the American event known as the dotcom crash, which started in the mid-90s and lasted up to the early aughts. What, exactly, is the dotcom crash, and why is it remembered to this day? Here are a few questions about the event in question that the likes of Robert Jain can answer.
"I'm not familiar with the dotcom crash; what was it?" Essentially, the dotcom crashed occurred in 1995, which was when the Internet became more readily available to families and people in general. With this increased availability came a litany of "dotcom businesses," which were more Internet-based. While online companies aren't uncommon today, as names like Bob Jain will tell you, this was seen as a risk with technology that was still developing. Sadly, the risk in question didn't pay off.
"What caused the dotcom crash?" This could be attributed to a number of factors, but perhaps the most prominent was shortsightedness. Back in the mid-90s, it was expected that any company that operated online would be a hit, no matter what they sold or provided. Unfortunately, these companies failed to grow at a pace that warranted their operation. As a result, they folded, which understandably contributed to the dotcom crash.
"What are the chances of another crash occurring? How can I be financially secure?" There is always a chance of another financial crash like this occurring, especially as more and more companies grow. To stay secure, however, understand that not all businesses are solvent. Don't assume the value of a business based on public perception. Research the business in question so that you can learn about operating revenue, profits, and the like. By doing so, you'll be able to avoid getting caught in a potential dotcom crash repeat.
Hopefully this information has given you a better understanding of the dotcom crash from a historical standpoint. While it stands as an event in history, it should also be looked at as a cautionary tale. It should be regarded as a warning to those that are looking to start businesses or get involved in thriving industries. It's entirely possible for the bubble to burst, which is why a sense of care goes a long way.
"I'm not familiar with the dotcom crash; what was it?" Essentially, the dotcom crashed occurred in 1995, which was when the Internet became more readily available to families and people in general. With this increased availability came a litany of "dotcom businesses," which were more Internet-based. While online companies aren't uncommon today, as names like Bob Jain will tell you, this was seen as a risk with technology that was still developing. Sadly, the risk in question didn't pay off.
"What caused the dotcom crash?" This could be attributed to a number of factors, but perhaps the most prominent was shortsightedness. Back in the mid-90s, it was expected that any company that operated online would be a hit, no matter what they sold or provided. Unfortunately, these companies failed to grow at a pace that warranted their operation. As a result, they folded, which understandably contributed to the dotcom crash.
"What are the chances of another crash occurring? How can I be financially secure?" There is always a chance of another financial crash like this occurring, especially as more and more companies grow. To stay secure, however, understand that not all businesses are solvent. Don't assume the value of a business based on public perception. Research the business in question so that you can learn about operating revenue, profits, and the like. By doing so, you'll be able to avoid getting caught in a potential dotcom crash repeat.
Hopefully this information has given you a better understanding of the dotcom crash from a historical standpoint. While it stands as an event in history, it should also be looked at as a cautionary tale. It should be regarded as a warning to those that are looking to start businesses or get involved in thriving industries. It's entirely possible for the bubble to burst, which is why a sense of care goes a long way.
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Please contact Bobby Jain if you would like help with your finances.. This article, Questions About The Dotcom Crash Answered, With Robert Jain has free reprint rights.
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