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Any info on how many of those fail, lose all their initial investment, or make peanuts selling crap on eBay or putting little signs up on off-ramps at 2:00 am to promote their latest multi-level-marketing scheme?
The failure rate is difficult to measure, usually statistics are measuring closure rates and call it a "failure rate" despite the two being rather different. If failure is understood to be an actual loss of money then the failure rates aren't too high, around 25~30%. The median income for owner managed small-businesses is around $40k, but that includes both part-time and full-time businesses (many are part-time).
Your typical small business is not making big bucks, most do it because they prefer to work for themselves, enjoy the added flexibility, etc.
Quote:
Originally Posted by slackjaw
That poster expressing his views on the difficulty or working part time is what makes these message boards work, people have opinions so we discuss.
And I'm expressing my view about the other poster's false dilemma. But perhaps we are just suppose to state our opinion and pretend that we are all equally correct in some new-ager fashion?
My comment about whining goes well beyond this single thread.
My wife and I have this plan to pay off all debt (non-mortgage and mortgage) within 6 years. Just prior to that, I'd plan to negotiate to trade a salary increase for an increase in vacation time. For example, instead of a $10000 raise, I'd look for the equivalent in vacation time. I think in my field I might be able to negotiate something like that. So, I'd more or less have 2 months off per year (4 weeks discretionary throughout the year and take 1 month straight in the summer). Spend more time with the kids, etc.
I wouldn't be hurting for that time off either. If right now I pay out about ~4k/mo in various debt (student loans, mortgages) and all of that disappears, I have 4k/mo in my pocket. The way we live, I could take leave without pay.
Of course, it might be long-term professional suicide, but when you are good at what you do, employers look to keep you.
I'd much rather work a bit and live my life than live to work.
Sure, it may take only $10,000 to start a business (I have my doubts about that figure) but you have to have something to live on until the business starts to make money.
$10,000 is the average, many businesses are started part-time while the owners are still working. Many businesses turn a profit their first year as well. Many businesses are started by a husband/wife while the spouse works. Etc.
For whatever reason when people think of business they think of some fantasy restaurant or something of that nature, yet around 40% of new businesses start as home based businesses.
For example, instead of a $10000 raise, I'd look for the equivalent in vacation time. I think in my field I might be able to negotiate something like that.
The problem with this is that there are a lot of overhead costs associated with hiring someone full-time and these costs are a greater burden the less you work. After all, if existing employees start working less they will have to hire someone else to pick up the slack.
If the US moved away from providing health-care, etc via employers I think it would be a lot more common to have someone working say 30-hours a week yet still making a good hourly wage.
I don;t know anyoenthat wants to work themselves to death.But I guess its lie hobbies that people ahve some see ne hobby as working to death others love it and don't see it as work.I have actaully know people that where couch potatoes at work and at home really.
I am working myself to death, and have been for the last 3 years. I currently work 12 hours a day for 2 or 3 weeks straight, and then take off 3 or 4 days. This means i work 84 hours a week. I am an indipendent contractor so i don't even get overtime. But i plan on "retiring" by the time i am 30, which is about 6 years away. My goal is to be indipendently wealthy (when my assessts make more money then i can). I doubt i will reach my goal but it is better to aim to high and miss then to aim to low and succeed. Thats why a few of us work ourselves to death....
I am working myself to death, and have been for the last 3 years. I currently work 12 hours a day for 2 or 3 weeks straight, and then take off 3 or 4 days. This means i work 84 hours a week. I am an indipendent contractor so i don't even get overtime. But i plan on "retiring" by the time i am 30, which is about 6 years away. My goal is to be indipendently wealthy (when my assessts make more money then i can). I doubt i will reach my goal but it is better to aim to high and miss then to aim to low and succeed. Thats why a few of us work ourselves to death....
Well I did the same from that age to 30, with the exception I did take off somewhat in the off seasons. Rest of the time I was still pounding it out 80-100 hours a week.
When I finally started to realize I suffered from work addiction and got into another environment, I realized how dumb I was. The 20's are the prime of your life in a lot of ways and during that time I passed up many great experiences and ended up with dating relationships that could have been way better if I had not been working myself into the ground.
Sometimes you have to do a Ferris Bueller and stop and look around.
Well I did the same from that age to 30, with the exception I did take off somewhat in the off seasons. Rest of the time I was still pounding it out 80-100 hours a week.
When I finally started to realize I suffered from work addiction and got into another environment, I realized how dumb I was. The 20's are the prime of your life in a lot of ways and during that time I passed up many great experiences and ended up with dating relationships that could have been way better if I had not been working myself into the ground.
Sometimes you have to do a Ferris Bueller and stop and look around.
Hi wanneroo,
You have obviously misunderstood the purpose of life. You are to suffer until 68 where you can then live out your dream in style. Bland food that is easy to digest, a free and clear lazy afternoon after the colonoscapy, relatively young women in their upper fifties with lots of sensual experience, and early bird discounts at Bob Evans. Everything revolves around this great hope.
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