Infinite Money Idea
For today's Ethics Q&A we share a business idea from a pair of business associates:
Recently my associate and I have noticed an uptick in job postings that require a specific certificate to apply for the job, like an AWS cert, or a medical license, that kind of stuff. So we had an idea for a business which is actually two businesses: one that sells a cert and another that hires for a job that requires the cert. For example the certificate we sell, you get from an online course in say antelope identification (teaches you how to identify an antelope). And then the other business is for example an AI algorithm for detecting if there's an antelope in pictures. And the AI business is hiring people as data labelers to train the algorithm. But they need to be good at this so they need the cert to be hired. And we can use the images from the antelope detector customers as training materials for the AI cert. You see the vision. Of course it will take us some time to work out the pricing but we are thinking we can make the profits on both sides feed into each other, unlocking a feedback loop of revenue growth
Associates—we LOVE the hustle on this one. But you might want to add paragraph breaks, and a legality check. At Hades Ethics Consultancy we believe that all are equal before the law. And your proposal, on its face, seems to us to equal a form of fraud, similar to the Brad Paisley song "The Cigar Song" in which Mr. Paisley purchases fire insurance for his carton of smokes. Then smokes them. Then gets arrested for fraud. Fraud is against the law, and we can't enthusiastically recommend it!
What do you think? Is there wiggle room in this proposal? Send us your thoughts at hades@acaciavalleyhoa.org and stay subscribed.