Moonstone Bistro, a popular fine-dining restaurant in west Redding, has announced they will stop serving lunch, citing California’s increased minimum wage...
No you are not. When you start a business, you typically have to put your home up for collateral. You also have to cosign the loans for the business. So if the business fails, you’re liable.
As I said, you’ve never owned a busiNess or you would have know that. It’s why the third founder of apple left. He was the only one with assets.
It typically takes 5 years before you don’t need to put your own assets as risk if you show proper cash flow.
If you’ve never heard of him. It’s an interesting read. Now it seems silly that he pulled out but at the time it was a sane decision.
For a small business most people won’t. Everything is crazy expensive.
My ex-father in law opened a butcher shop In the 80’s. It was a Union butcher shop because he was a Union guy. It cost him very little to open the shop. It was under 1,000 dollars.
He’s retired now but thought about opening one up as a hobby. He said the sale shop would cost over 250,000 to open now. He said there is no way he’d break even.
We need to find a way for people to be able to take a reasonable risk and not lose everything.
They’re correct when they said it’s too expensive.
For some reason liberals think business owners are sitting on piles of cash. Most of them are paycheck to paycheck.
What they did say is the risk isn’t worth the reward. Soon the employees won’t have jobs because if they can’t make enough to justify the risk, they’ll just stop doing it.
That means your town will be filed with McDonald’s and Walmarts. I guess what you’re saying is you are pro-large business and hate small business.
It’s not that risky to run a business. If it fails then you’re insulated from its failure.
If your business can’t succeed without your employees being impoverished then it’s not a business that deserves to exist.
No you are not. When you start a business, you typically have to put your home up for collateral. You also have to cosign the loans for the business. So if the business fails, you’re liable. As I said, you’ve never owned a busiNess or you would have know that. It’s why the third founder of apple left. He was the only one with assets.
It typically takes 5 years before you don’t need to put your own assets as risk if you show proper cash flow.
If you’ve never heard of him. It’s an interesting read. Now it seems silly that he pulled out but at the time it was a sane decision.
https://en.m.wikipedia.org/wiki/Ronald_Wayne#:~:text=Ronald Gerald Wayne (born%20May,documentation%20for%20the%20new%20venture.
Assuming that you don’t already have the capital from other means.
For a small business most people won’t. Everything is crazy expensive. My ex-father in law opened a butcher shop In the 80’s. It was a Union butcher shop because he was a Union guy. It cost him very little to open the shop. It was under 1,000 dollars. He’s retired now but thought about opening one up as a hobby. He said the sale shop would cost over 250,000 to open now. He said there is no way he’d break even. We need to find a way for people to be able to take a reasonable risk and not lose everything. They’re correct when they said it’s too expensive.
For some reason liberals think business owners are sitting on piles of cash. Most of them are paycheck to paycheck.
So they’re employees should be poor because the owners want more profits?
How did you get that from what I said or what the article said ?
Because they don’t want to pay a living wage to their employees yet they want all of the profits from the business.
That isn’t what they said at all.
What they did say is the risk isn’t worth the reward. Soon the employees won’t have jobs because if they can’t make enough to justify the risk, they’ll just stop doing it.
That means your town will be filed with McDonald’s and Walmarts. I guess what you’re saying is you are pro-large business and hate small business.
If the large business can pay a living wage, then yes. If you can’t afford to pay your employees then your business isn’t successful.