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Old 06-10-2012, 02:37 PM
 
Location: USA
13,255 posts, read 12,129,807 times
Reputation: 4228

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Quote:
Originally Posted by MTAtech View Post
From the article:


These people live in a free country that protects commerce with laws, police and a judicial system that adjudicates disputes. There are public roads, canals and an air system that allows them to safely send and receive materials. There is a public education system that educated them and their employees. There is a public/private power and energy system that is highly reliable. There is a communication network. There is a regulation system that set standards that protect them and their workers, etc., etc.

Yet, these people feel they did it all by themselves (and didn't even state what they actually do) and probably sit around and complain about taxes, that supported all the systems that helped make them a success.

Bill Gates Sr. used to say this: Suppose you were given the choice of being born in America or in Ethiopia. What proportion of your eventual fortune would you be willing to give to be born in America? Given the great good fortune of getting to live and run a business in this country that has all the advantages an advanced country with a decent system provides, how can you think it’s all you? And then, how can you feel you don’t have any obligation to pay it back?
One of the best post I've read in a while.
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Old 06-10-2012, 02:43 PM
 
Location: USA
13,255 posts, read 12,129,807 times
Reputation: 4228
Quote:
Originally Posted by stan4 View Post
While everyone else is having a pity party, we're starting a 3rd company (first one was in 2005).

My friend is embarking on a joint venture with a giant company. He started his company just 6 years ago and now it's really huge...he almost doesn't have to work.

My brother's working patents for a guy who started his own company 2 years ago...promising tech stuff funded through VC and his own clients.

My neighbor turned scrap metal into a multimillion dollar affair.

My other neighbor just invented a pet product that's on amazon as well as infomercials.

I mean, geez...wah...
Oh please, just stop it.

I own 2 businesses myself and am 26 but I'm old enough to know that their success had to do with a lot of factors out of my control. First of all, you have to have money, to make money in this society. Just the fees alone to get up and running keep many out of the market.

You also need many other factors to fall into place and MOST importantly of all, you have to have the aptitude to run a business. If you think you pre-ordained your aptitude level before birth than so help you God.

No pun.
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Old 06-10-2012, 02:46 PM
 
Location: USA
13,255 posts, read 12,129,807 times
Reputation: 4228
Quote:
Originally Posted by stan4 View Post
That's because we have a very comfortable entitlement class.
No incentive to move out of it.
Which class are you referring too? The rural white poor who are devoid of solid educations, decent jobs, and sub-par resources. Or the inner city black poor who live in some of the most violent neighborhoods in the world?

Which class were you referring to?
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Old 06-10-2012, 02:48 PM
 
Location: Hinckley Ohio
6,721 posts, read 5,202,822 times
Reputation: 1378
Quote:
Originally Posted by freemkt View Post
The title of this thread hooked me in, as I had a pretty good idea where this would lead, and I'm a sucker for these stories because I always want to know How They Did It.

This tidbit from the article gives me a clue about their difficulty finding people "willing to work":



A lot of people are uncomfortable with selling. They are self-conscious, or unsure of themselves and their selling skills. (Some just have negative attitudes toward selling generally, or might be uncomfortable with the product or service being sold.) I don't consider myself good at selling and I pretty much avoid it as much as I can; I did telemarketing and it was very much a chore for me.

Yes, there is vast money to be made by those who excel at it, but that's not most people.
LOL, they are probably AMWAY "salespeople". You know that pyramid scheme to sell soap to your friends. If EVERYONE sells the soap, who buys it?
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Old 06-10-2012, 03:09 PM
 
Location: Hinckley Ohio
6,721 posts, read 5,202,822 times
Reputation: 1378
Quote:
Originally Posted by stan4 View Post
While everyone else is having a pity party, we're starting a 3rd company (first one was in 2005).

My friend is embarking on a joint venture with a giant company. He started his company just 6 years ago and now it's really huge...he almost doesn't have to work.

My brother's working patents for a guy who started his own company 2 years ago...promising tech stuff funded through VC and his own clients.

My neighbor turned scrap metal into a multimillion dollar affair.

My other neighbor just invented a pet product that's on amazon as well as infomercials.

I mean, geez...wah...
LOL, and EVERYONE has the same joint venture deal with huge companies waiting for them.

Beyond the load of BS in your post one thing you did do was destroy the myth of the hard working business man, working 150 hours a week. "he almost doesn't have to work."
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Old 06-10-2012, 03:13 PM
 
20,948 posts, read 19,054,479 times
Reputation: 10270
Quote:
Originally Posted by MTAtech View Post
From the article:


These people live in a free country that protects commerce with laws, police and a judicial system that adjudicates disputes. There are public roads, canals and an air system that allows them to safely send and receive materials. There is a public education system that educated them and their employees. There is a public/private power and energy system that is highly reliable. There is a communication network. There is a regulation system that set standards that protect them and their workers, etc., etc.

Yet, these people feel they did it all by themselves (and didn't even state what they actually do) and probably sit around and complain about taxes, that supported all the systems that helped make them a success.

Bill Gates Sr. used to say this: Suppose you were given the choice of being born in America or in Ethiopia. What proportion of your eventual fortune would you be willing to give to be born in America? Given the great good fortune of getting to live and run a business in this country that has all the advantages an advanced country with a decent system provides, how can you think it’s all you? And then, how can you feel you don’t have any obligation to pay it back?
You're kidding, right?

If it's so easy, why don't more people do it?

Zero liability citizens (aka. recipient class) also have access to the roads and schools.

More socialistic backwards thinking.
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Old 06-10-2012, 03:25 PM
 
Location: Chicago, IL
9,701 posts, read 5,113,905 times
Reputation: 4270
Since when did being a hardworker become a negative thing? That was the calling card of our parents' generation -- hard, loyal employees.

You don't find it strange that the new American dream is now being preached only to those who are lucky enough to start their own business?
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Old 06-10-2012, 03:38 PM
 
Location: Hinckley Ohio
6,721 posts, read 5,202,822 times
Reputation: 1378
Quote:
Originally Posted by alphamale View Post
You're kidding, right?

If it's so easy, why don't more people do it?

Zero liability citizens (aka. recipient class) also have access to the roads and schools.

More socialistic backwards thinking.
lack of opportunity, lack of experience, lack of intelligence, lack of luck. Not everyone has all the tools in the appropriate combination to create and operate a successful business. Besides, if everyone was super successful who would clean up after them?

Quote:
Originally Posted by EddieB.Good View Post
Since when did being a hardworker become a negative thing? That was the calling card of our parents' generation -- hard, loyal employees.

You don't find it strange that the new American dream is now being preached only to those who are lucky enough to start their own business?
Nobody is demonizing hard work and success. I'm thinking you're misunderstanding the ridicule of the idea that everyone is capable of being successful with a little hard work. Most are not capable and lack and opportunity to be successful.
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Old 06-10-2012, 03:55 PM
 
Location: Long Island, NY
19,792 posts, read 13,951,723 times
Reputation: 5661
Quote:
Originally Posted by Dane_in_LA View Post
As compared to, say, Scandinavia? I beg to differ. Yet Norway & Finland has had consistently higher rates of entrepreneurship than the US.
In fact, two high social safety net countries, Denmark and Sweden, lead in entrepreneurship.

Top 10 innovative countries: Denmark leads world in 2010; Sweden, U.S. follow | SmartPlanet

According to some fascinating economic research, Is Employer-Based Health Insurance A Barrier To Entrepreneurship?, there's an unexpectedly large numbers of Americans becoming entrepreneurs within months of qualifying for Medicare (over and above those you would expect to become entrepreneurs because they were fired, forcibly retired, etc.) The reason: They now have the security of healthcare, so they can take the risk of starting private companies. It's just one of the MANY, MANY ways in which a vigorous public and private sector support each other to create a successful economy that can't occur when there's only one or the other.

If you are successful, it isn't just you.
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Old 06-10-2012, 04:06 PM
 
2,920 posts, read 2,798,391 times
Reputation: 624
Quote:
Originally Posted by Gtownoe View Post
Or the inner city black poor who live in some of the most violent neighborhoods in the world??
Oh. They just happen to olive there. Someone else is making these neighborhoods dangerous?
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