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No one gives you a job because you need one. Not because you are a good person, not because you are breathing, can fog a mirror and/or are entitled. You get a job because someone needs some work done and is willing and able to pay you for it.
Employees typically cash a paychecks. Entrepreneurs, don't cash a paycheck at all. They put up the capital, take responsibility for loans and other financing, pay the expenses (including your paycheck).
If, over the course of months or years there is more revenue than expense, they enjoy profits which enable them to live well and invest in another round of entrepreneurship. If there is less revenue than expenses, and if the losing trend is not reversed, the enterprise eventually fails, and the entrepreneur goes bankrupt
What you get paid as an employee is not a share of the profits that your work makes possible, but an advance on the speculation of the profit.
When heavy taxation, anti-business or anti-'rich' rhetoric from powerful politicians, instability and overbearing, unpredictable, and capricious regulation reaches a critical mass, the risks become too great for the investment to proceed. Capital goes on strike or looks for opportunities elsewhere, overseas. Kiss your job (or if you're lucky, your hours, your benefits and/or your raise) goodbye.
Wrong. Entrepreneurs pay themselves quite well and often for their work. They cash the big paychecks, any time they feel the need.
The big difference between them and their employees is they are willing to take the big risks, because they intend from the beginning to take the big rewards.
And because they take the big risks, they are willing to do whatever is necessary to make the risks as small as possible. At the same time, they do whatever is necessary to gain the big rewards. If either means hiring or firing a bunch of workers, so be it. If there is an advantage to making or using domestically produced products, they will. If not, then they will find what the need at the price they want elsewhere.
The guy down the street who opened up a tire store is exactly the same kind of guy who runs a multi-million dollar business. Both are entrepreneurs, and both will for higher or tumble lower than any of their employees ever will. They are people who don't depend on other people to set their terms of success, so they often fail many times before they succeed.
And, believe me, there is very little future speculation involved when it comes to their employees. Successful entrepreneurs learn how to have everything well covered from the get-go. All the workers do is fulfill what is already paid for in some way or other. Profit never comes as a consequence or from random chance; it is completely planned for and anticipated before the first worker ever steps a foot on the floor.
Of course, no individual can control everything, so it is natural that even the best can go broke. But much more often, the good ones worry more about expansion than failure, as expansion holds more dangers and risks.
Last edited by banjomike; 11-02-2013 at 03:11 AM..
No one gives you a job because you need one. Not because you are a good person, not because you are breathing, can fog a mirror and/or are entitled. You get a job because someone needs some work done and is willing and able to pay you for it.
Employees typically cash a paychecks. Entrepreneurs, don't cash a paycheck at all. They put up the capital, take responsibility for loans and other financing, pay the expenses (including your paycheck).
If, over the course of months or years there is more revenue than expense, they enjoy profits which enable them to live well and invest in another round of entrepreneurship. If there is less revenue than expenses, and if the losing trend is not reversed, the enterprise eventually fails, and the entrepreneur goes bankrupt
What you get paid as an employee is not a share of the profits that your work makes possible, but an advance on the speculation of the profit.
When heavy taxation, anti-business or anti-'rich' rhetoric from powerful politicians, instability and overbearing, unpredictable, and capricious regulation reaches a critical mass, the risks become too great for the investment to proceed. Capital goes on strike or looks for opportunities elsewhere, overseas. Kiss your job (or if you're lucky, your hours, your benefits and/or your raise) goodbye.
There is a significant distincintion to make between growth oriented companies and companies that are just trying to maintain their status in the marketplace. Companies that are not focused on growth do feel like regulations are a burden, but the opposite is true for growth oriented companies. The number 1 concern is lack of demand and letting a company defraud investors won't change that.
I think industry not growth orientation is the biggest indicator of whether or not companies are hampered by regulations. We are very much growth-oriented, however, we are not hampered by regulation in any way, shape or form. However, if we were in aviation, power generation or banking regulation would very much be an issue. We're a technical publishing company and there is little, if any, government regulation that affects our operation-- even though we're growth oriented.
I think industry not growth orientation is the biggest indicator of whether or not companies are hampered by regulations. We are very much growth-oriented, however, we are not hampered by regulation in any way, shape or form. However, if we were in aviation, power generation or banking regulation would very much be an issue. We're a technical publishing company and there is little, if any, government regulation that affects our operation-- even though we're growth oriented.
Wow! You do your own bookkeeping? Have no regulations you must adhere to regarding employees? No building or OSHA requirements?
Just for a few.
No one gives you a job because you need one. Not because you are a good person, not because you are breathing, can fog a mirror and/or are entitled. You get a job because someone needs some work done and is willing and able to pay you for it.
Employees typically cash a paychecks. Entrepreneurs, don't cash a paycheck at all. They put up the capital, take responsibility for loans and other financing, pay the expenses (including your paycheck).
If, over the course of months or years there is more revenue than expense, they enjoy profits which enable them to live well and invest in another round of entrepreneurship. If there is less revenue than expenses, and if the losing trend is not reversed, the enterprise eventually fails, and the entrepreneur goes bankrupt
What you get paid as an employee is not a share of the profits that your work makes possible, but an advance on the speculation of the profit.
When heavy taxation, anti-business or anti-'rich' rhetoric from powerful politicians, instability and overbearing, unpredictable, and capricious regulation reaches a critical mass, the risks become too great for the investment to proceed. Capital goes on strike or looks for opportunities elsewhere, overseas. Kiss your job (or if you're lucky, your hours, your benefits and/or your raise) goodbye.
Wrong. Entrepreneurs pay themselves quite well and often for their work. They cash the big paychecks, any time they feel the need.
The big difference between them and their employees is they are willing to take the big risks, because they intend from the beginning to take the big rewards.
And because they take the big risks, they are willing to do whatever is necessary to make the risks as small as possible. At the same time, they do whatever is necessary to gain the big rewards. If either means hiring or firing a bunch of workers, so be it. If there is an advantage to making or using domestically produced products, they will. If not, then they will find what the need at the price they want elsewhere.
Of course entrepreneurs do what they can to reduce the risk and if that means to lay off to reduce expenses so be it. Taxes are an expense and business owners have to cut expenses elsewhere. Say goodbye to your job.
Everything else you wrote is garbage. If you think you know so much about business, try running one.
Of course entrepreneurs do what they can to reduce the risk and if that means to lay off to reduce expenses so be it. Taxes are an expense and business owners have to cut expenses elsewhere. Say goodbye to your job.
Everything else you wrote is garbage. If you think you know so much about business, try running one.
BLAH BLAH, I AM RIGHT, YOU ARE WRONG. Your post is rubbish. Start your own business. BLAH BLAH BLAH.
I RUN 17 businesses I know more than you will. YOUR business running skills suck. BLAH BLAH.
LOLZ. Seriously what a joke.....
Is that was serious businesses owner do? Post over 8000 posts in a single year on just one forum? TROLOLOLOLOLOLOLOL
BLAH BLAH, I AM RIGHT, YOU ARE WRONG. Your post is rubbish. Start your own business. BLAH BLAH BLAH.
I RUN 17 businesses I know more than you will. YOUR business running skills suck. BLAH BLAH.
LOLZ. Seriously what a joke.....
Is that was serious businesses owner do? Post over 8000 posts in a single year on just one forum? TROLOLOLOLOLOLOLOL
LOL, I ran 3 businesses, the first two failed, I learned a lot, the current business is a success. Of course you don't own or run a business yet you, just like Obama think you know it all.
Not quite: Study microeconomics. Before anyone can trade, BOTH must produce excess with which to trade. It is not the production that benefits either, it is the trade. In a barter economy, everyone needs to produce something valuable, or cannot engage in trade - unless the one who produces nothing steals from someone else.
Once you use a currency to denominate trade, then currency can be counterfeited, printing more demand than than production. In this case, production becomes imbalanced toward those things which are likely not truly needed, and since more demand is produced than supply is produced, apparent prices continue to spiral, decreasing the value of what those who have worked at producing now hold. It is theft from those those who produced.
This reality cannot be contravened by fancy theories, or academics pretending to write out long equations. People pretending to be smart cannot engage in "monetary policy" and pretend to fund a nation by artificial demand.
Cool story bro. Not sure what that has to do with much of anything.
Quote:
They have to.
Of course they do. However, it's coming at the expense of job quality and wages. Less disposable income means less demand. We rely on a lot of credit in this nation for the private sector, but as history has shown that can certainly blow up in your face.
LOL, I ran 3 businesses, the first two failed, I learned a lot, the current business is a success. Of course you don't own or run a business yet you, just like Obama think you know it all.
Such a success you got time to post 8000 posts on just ONE forum in a single year? YOU must be doing really well! SELF HIGH FIVE!
Oh, and throwing in the Obama diss, "brillant"! Glad you could insult me and Obama all in one sentence. I can tell you are successful........
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Where Do Jobs Come From?
