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> If you ever open a business, you'll discover that nobody gives you anything. You'll also discover that you couldn't have done any of it alone. That your business would have been impossible without your education, which involved countless others, or the roads and bridges built by others, or the internet which was built by others, or the investors and banks who gave you the money to get your business started which were built by others. Even the things you paid for directly and upfront, but which your business absolutely depended on were built by someone else and any success you have would not have been possible if they hadn't done all the work needed to get to where they could provide you with what your business needed from them. That's the point. Nobody does it alone, because that would be impossible. As the man said "The point is, is that when we succeed, we succeed because of our individual initiative, but also because we do things together." That also means we fail together too. If you borrow a bunch of money to start a business and can't pay it back, that burden isn't just on you. The employees who depended on your business for their income also carry some of the burden of your failure. The customers who depended on you are also impacted. At a larger scale, when a business fails, we all lose out on what could have been if it hadn't. Our economy loses diversity. Most new businesses will fail, but the failures are never just about one person either. In fact, many times the things others have built, including the environment a business operates in, are a direct cause of that business failing. |
Investors don't give you money. They buy a piece of the business. Banks don't give you money, either. You have to pay the loan back, with interest.
BTW, employee back wages have first dibs on your assets should you declare bankruptcy. The back wages won't be much, anyway, as the law is pretty specific that a business cannot be late on payday.