LET THEM FAIL

Plenty are. They just don’t make the newz. They are the silent thinking among us – probably many on this forum. There are many people that I know personally who earn a small salary (like $32,000 /yr small) that save money by living within their means. Used car, fix things themselves, do their own yard work, actually have NOT refinanced their home 8 times in 10 years etc. They were bitten hard in the 2008 debacle, and consider that a warning shot. Now, they have had 10 years to prepare and get their house in order.

The higher income people REFUSE to start a business in an environment where everything is so expensive that the risk cannot be mitigated, and / or EVERYTHING is at the whim of some government bureaucrat and not actual supply / demand. Those people just literally sit on their money and Only invest in things that make sense.

One in particular invested in a car repair shop run by a very smart and talented mechanic, he just needed some capital to expand. They are actually quite successful now, and they not only have been able to weather the halving of their daily customer base, but have also been able to retain their employees. Why? Because both the mechanic and his partners know how to run a REAL business. They PLAN for risk, and have funds set aside from profits in case of that eventuality. Also, car repair is still a business that has little Government involvement outside of the usual employment crap. It also seems that pansies and SJW types naturally stay away from that type of job, so you generally avoid all the silliness in the first place. No need to discriminate, they naturally self discriminate. Those people don’t like getting their hands dirty, or working with anything resembling real work. Most are real men / women that grew up in homes where logic is king, boys are boys, girls are girls and soy boyz / hipsters are to be avoided. Very few personnel issues that require any “I am entitled” shit.

In this day and age you must choose VERY wisely the type of business you get in to, and whether it is an occupation that has been invaded by SJW / HR drone / Government types. If it is….pass. And personal risk is higher now than EVER before, so plan accordingly.

Define “pushed aside”? If you mean can’t continue to make higher numbers for Wall Street quarter after quarter, well yes. If you mean borrow most of the money for TI improvements and startup costs, then simply spend the profits, and barely scrape to the next month, well yes.

However, if you are talking about a local business, that grows organically (not taking on bankster debt until the demand / resources dictate, and then just as much as can be paid off quickly through profits). Don’t hire too many, BUT the ones you do hire are so good that you WANT to pay them. Provide good service, value for the customer and only spend money on things that generate revenue – IE: 1 dollar spent will return 3, then no. I don’t think they get pushed aside.

First off, if you are starting ANY business – you need to make sure you have enough capital to do it correctly. A Coffee Bean franchise (local franchise in Calif and AZ) says that to open one, you need roughly $200,000 in capital. I did the numbers a few years back, and discovered that it actually would take about $700,000 in capital to do it RIGHT. If you don’t have the capital to do it right, then DON’T do it. Save that money and do something else to grow it. Sometimes the economy and numbers (Maff) is telling you in an unbiased and unemotional way that this is NOT the right time to start a business. Respect that. Just because the media and a couple of well connected cronies on “Shark tank” tell you to be an “entrepreneur” does not mean you should. THEY can get free money through their proximity to the FED, you can’t.

In the old days, before every hipster was an “entrepreneur” ONLY the best, brightest and smartest even WERE business owners. Thus they garnered respect, and deserved it. Now, it seems everyone is a “small business owner” or “entrepreneur”. Most just paid a lot of money for a different daily grind, and the status of saying – I own a business. In reality, the business and bank own THEM.