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by smolder 764 days ago
I tried to throw in some words like "mainly, most" to leave room for the many exceptions to my generalization, but perhaps it was a bit strongly worded. Even so, the point stands that people need a fall back plan to feel comfortable taking risks. I often hear business leaders patting themselves on the back for taking big risks, but leaving it unsaid that they had no real chance of losing everything. Risk tolerance enables risk taking.
1 comments

Again I disagree on cost. I just had a look again at what it costs to buy a company off the shelf in the UK (last place I did that). It’s about £299 and another £50 a year. Theres probably some other small change fees in there.

I completely agree on risk though and it highlights the core of the argument - building a business is time consuming and risky in a way that being an employee is not.

That’s one reason why business owners are able to capture more profit. They took more risk and placed themselves into a situation where their earnings are not bounded by a single contract.

Everybody has free will and could start a business but not everybody is capable due to skill, capacity, circumstance, etc.

Therein lies the irony. None of the people whining loudest will start a company because it’s risky and fraught with danger but they want all the spoils of ownership and responsibility.