tag:blogger.com,1999:blog-8358039.post7399205347808740784..comments2024-03-25T15:17:04.488-07:00Comments on Captain Capitalism: Most Small Business Owners are Dumb as HellCaptain Capitalismhttp://www.blogger.com/profile/05620212946121617985noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-8358039.post-46993861250721627292017-09-09T05:59:00.810-07:002017-09-09T05:59:00.810-07:00I see why most small biz fails. Their websites bou...I see why most small biz fails. Their websites bounce emails, never respond to email, because mailbox is full or mail form does not work and hey don't care..... I block such sites for good. IDIOTS! MORONS! TIME WASTERS! They deserve to be slaves of someone else! Not biz owners! Most people are just animals.<br /><br />I am not a robot you POS! I am better than your stupid rbot!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-79700246033462334542015-10-26T20:01:15.468-07:002015-10-26T20:01:15.468-07:00Disagreed. There is no reason why running a small...Disagreed. There is no reason why running a small business has to be more complicated than doing the same work as an employee for someone else. If one can maintain their household finances without going broke, they can maintain a business. Anonymoushttps://www.blogger.com/profile/07250877839609008686noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-86467308783561066172013-07-30T02:15:48.277-07:002013-07-30T02:15:48.277-07:00> "There was no limit to the number of spo...> "There was no limit to the number of sports bars, trinket shops, horse hobby farms, music studios, and restaurants I had to deal with working as a credit analyst. NONE of them were profitable. NONE of them were feasible."<br /><br />I don't suppose you did any "credit analysis" on all those Sand State Liar Loans which Goldman Sachs and their ilk were packaging in bundles [or in derivatives thereon] and offering to whichever loser was stoopid enough to fall for their lies and actually purchase them.<br /><br />Except that they finally ran out of losers willing to take the bait, and so Cousin Timmy had to secretly wire them a bunch of fiat electrons from the NY Fed in order to keep them afloat in December of 2008 [after they had rigged the election in September of 2008].<br /><br />The difference between "small" business and "big" business is that small businesses can't go whining to their Uncle Ben to float them a few trillion more fiat electrons so that they can continue purposelessly shuffling the aluminum bars around in their Michigan warehouses.<br /><br />At the end of the day, when everyone has gone tits up, at least the Trinket Vendors and the Hobby Horse Farmers can still look at themselves in the mirror with a clear conscience.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-58683702084326969222013-07-28T20:57:02.638-07:002013-07-28T20:57:02.638-07:00"The problem is that when someone on the left..."The problem is that when someone on the left hears 'small business' they most likely think about it, not from the employer's nor the employee's perspectives, but from the customer's perspective."<br /><br />Exactly. We have a failing strip mall around here, and one time they asked the public what stores they'd like to see in there to "revitalize" it. Every single one of them was an idiotic, economically non-viable idea from a "customer" perspective (scrapbooking store, that kind of crap). Needless to say nothing like that is operating there now.Jnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-85299796364546925622013-07-28T19:36:13.125-07:002013-07-28T19:36:13.125-07:00For a bunch of really good examples of this, go to...For a bunch of really good examples of this, go to some sort of quaint little resort town like Eureka fobarSprings, where every "shoppe" displays proudly "Est. 2013".Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-65189705068342881972013-07-28T19:24:46.631-07:002013-07-28T19:24:46.631-07:00The problem is that when someone on the left hears...The problem is that when someone on the left hears 'small business' they most likely think about it, not from the employer's nor the employee's perspectives, but from the customer's perspective. They just think it's *nice* to be able to go to a mom-and-pop cafe, or an artsy Luddite craft shop, and get the warm fuzzies from the ineffable ambient charm and feel smug knowing they support local business. <br /><br />And therefore, that's the image most people get from the media, and they're set up to be steamrolled in the battle of feelings versus reality. <br /><br />There's no reason this has to continue to be the case-- any half-competent high school could work this into some kind of required course material if they wanted to. You wouldn't even have to learn the hard stuff to graduate, just process the fact that if you want to start a business, you'd have to learn the hard stuff.<br />Geoarrgehttps://www.blogger.com/profile/02427326023169295918noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-1045526374777163872013-07-28T14:44:02.529-07:002013-07-28T14:44:02.529-07:00I'm with Bob. I was a corporate guy for many ...I'm with Bob. I was a corporate guy for many years. Always considered my job as a business unit manager to be entrepreneurial and grow existing revs and find new rev streams. It was all for naught. I was treated poorly while corporate politicians were rewarded. I bailed and after researching hard for 2 years found a niche/solution that solved a biz problem no one else had identified in a growth area. We've gone from 1 person to 6 (both full & part time) and watched revs grow from $200k to $500k (and on track for a mil this year). You are spot on-- we had to learn/buy expertise/experience around unfun things like correct pricing/billing/legal/etc that could have killed us. But we're doing OK and we own our own time and destiny. I'd be a hotdog vendor before I'd ever go back to corporate big biz again.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-85564484351098952242013-07-28T13:13:30.346-07:002013-07-28T13:13:30.346-07:00I always think of a friend who was the only one of...I always think of a friend who was the only one of us who didn't go to a big name U, didn't spend a semester abroad and didn't accrue enough debt to choke a goat in the process. He became an ironworker, then went out on his own and keeps his business small but busy- 2 trucks, 3 employees, and makes more money than a doctor or lawyer. <br /><br /> All things considered, doesn't the market require competition in the talent pool for small business? Folks want to spend their retirement money and get a bank to approve a loan, foolish or not, isn't that just their attempt to enjoy the decline? You advocate not saving for retirement via traditional means, anyhow. A fool and his money, and all that; for both the bank and the individual. <br /><br />Paul, Dammit!https://www.blogger.com/profile/02264872375942355609noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-76009002005093841872013-07-28T11:41:04.217-07:002013-07-28T11:41:04.217-07:00Many dumb-as-hell people are at least smart enough...Many dumb-as-hell people are at least smart enough to want to be employees so they don't have to worry about running the business.Hehnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-51682110757453422332013-07-28T11:14:17.666-07:002013-07-28T11:14:17.666-07:00Setting up the LLC, accounting system, and getting...Setting up the LLC, accounting system, and getting business liability insurance are the first steps to take when starting or purchasing an existing small business. I find it unbelievable that many people do not do these things first. Liability insurance is particularly important. There is no such thing as too much insurance in this country.<br /><br />Oh, and yeah, you will be putting in 60-70 hours a week the first year or so you are in business.kurt9https://www.blogger.com/profile/02101147267959016924noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-40569197320874320552013-07-28T10:24:39.566-07:002013-07-28T10:24:39.566-07:00I opened my own business (LLC) and I was putting i...I opened my own business (LLC) and I was putting in 60-70 a week the first six months. It wasn't "fun" but I was my own boss, and that counts for a lot.Anonymoushttps://www.blogger.com/profile/16046202647270439670noreply@blogger.com