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by WalterBright
1070 days ago
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And yet millions of others got an education, roads, internet, etc., and went nowhere. 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. |
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And millions of others are highly skilled, talented, intelligent, hardworking, and creative, but don't all find success.
This is why luck plays a massive role in the success of any business. That doesn't mean things like skills and initiative aren't important, or that people can't shift the odds in their favor (see for example https://fictivekin.github.io/pmarchive-jekyll/luck_and_the_e...) but ultimately, some people who should succeed don't because they were unlucky and others who do succeed would have failed if things entirely out of their control just happened to go differently.
> Investors don't give you money. They buy a piece of the business. Banks don't give you money, either.
Banks and investors give you money, with the expectation that they'll profit by doing so, but more to the point they give you opportunity. Plenty of people get turned away by banks and investors and if they manage to pull enough money together to get started they can still succeed, but others fail because without that opportunity given to them, they couldn't even get things off the ground.
Employees lose a lot more when their job is lost than just the wages they are owed (which they also don't always get) especially the ones who took more risky forms of compensation, but even outside the realm of compensation there are costs.