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Everyone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and "starting your own business" seems like the most straightforward solution, when it's really anything but. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time"
] |
>
Quite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.
Edit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but."
] |
>
Expecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.
What do you expect people to even say? | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine."
] |
>
I disagree.
What you described a business as isnt the same as what a business is. What you described is owning your own job.
But even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?"
] |
>
I agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.
Some months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.
My mental health has gone down over the years. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee."
] |
>
That’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years."
] |
>
Where are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want."
] |
>
In my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans."
] |
>
Lol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.) | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k."
] |
>
That makes sense! Thanks. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)"
] |
>
And most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks."
] |
>
Also hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression"
] |
>
It is unless you are rich. I read this somewhere probably reddit.
1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.
2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.
3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.
A rich person can recover easily. Nobody else can. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself"
] |
>
Yup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can."
] |
>
If people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.
Literally no one of them speak about actual bussiness which serve real purpose and are practical | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want."
] |
>
Its 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical"
] |
>
Starting your own business is great advice for people who have the money to start their own business.
It’s terrible advice for nearly everyone else. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify"
] |
>
If you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.
It's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else."
] |
>
Yeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week."
] |
>
In my experience, the fastest way to kill your passion for something is to make it your job. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke."
] |
>
You know, the thing is I hate bosses, I obviously don’t want to be one myself. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job."
] |
>
If you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.
It's the same thing with telling people "major in STEM." This isn't helpful if you are stupid as shit or just plain fucking hate STEM. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself."
] |
>
You shittin facts over here fart face | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM."
] |
>
I want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nYou shittin facts over here fart face"
] |
>
Instead of having one boss, you have 200 (your customers). | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nYou shittin facts over here fart face",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS."
] |
>
I have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.
Yes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to.
The catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nYou shittin facts over here fart face",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers)."
] |
>
The catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.
This is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.
I also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nYou shittin facts over here fart face",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else."
] |
>
Haha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nYou shittin facts over here fart face",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster."
] |
>
Eh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nYou shittin facts over here fart face",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that"
] |
>
Thats not the same as owning a business. Thats owning your own job.
Im not saying its bad, but just wanting to clarify | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nYou shittin facts over here fart face",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation."
] |
>
It definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nYou shittin facts over here fart face",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify"
] |
>
Most people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nYou shittin facts over here fart face",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service."
] |
>
No, I'm also not sure where you get that feeling from. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nYou shittin facts over here fart face",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow."
] |
>
There really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nYou shittin facts over here fart face",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from."
] |
>
I always tell people who want to start their own business:
Be prepared to not make any money for at least the first 2 or 3 years
Be prepared to work 100 hrs a week
No matter what your business is, you have to be a great salesman on top of everything else.
If you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.
After all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.
And for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to "clean their fucking rooms". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.
The last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.
One of my bosses is 7 years younger than me and he looks 10 years older.
Be careful what you wish for. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nYou shittin facts over here fart face",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me."
] |
>
It’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business). | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nYou shittin facts over here fart face",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for."
] |
>
And there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nYou shittin facts over here fart face",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business)."
] |
>
I disagree.
What you described a business as isnt the same as what a business is. What you described is owning your own job.
But even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nYou shittin facts over here fart face",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air."
] |
>
I sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nYou shittin facts over here fart face",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee."
] |
>
You’re absolutely right. Give up NOW. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nYou shittin facts over here fart face",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try"
] |
>
Giving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nYou shittin facts over here fart face",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW."
] |
>
There are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check.
Yes it's overrated and sometimes it's not glamourous, especially when you are starting. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nYou shittin facts over here fart face",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience."
] |
>
Word | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nYou shittin facts over here fart face",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting."
] |
>
Starting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about "being their own boss" and "starting their own business" are people of questionable educational qualifications and dubious work ethic. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nYou shittin facts over here fart face",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord"
] |
>
Rich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise! | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nYou shittin facts over here fart face",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic."
] |
>
I can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nYou shittin facts over here fart face",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!"
] |
>
IT Consultant
quelle surprise | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nYou shittin facts over here fart face",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself."
] |
>
I am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nYou shittin facts over here fart face",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise"
] |
>
Everyone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and "starting your own business" seems like the most straightforward solution, when it's really anything but. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nYou shittin facts over here fart face",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time"
] |
>
Quite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.
Edit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine. | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nYou shittin facts over here fart face",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but."
] |
>
Expecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.
What do you expect people to even say? | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nYou shittin facts over here fart face",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine."
] |
>
People like being in control of their business.
I agree with you that it takes a lot of time and the primary reason why businesses fail is because people mismanage money. Theres always going to be a market for something but you need to properly assess your revenue to make sure you don't go bankrupt | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nYou shittin facts over here fart face",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?"
] |
> | [
"90% fail.\nThink how many barely make it buy and no profit.\nYah it's overatted af, unless you wanna start your own LLC for certain things there is no point IMO.\nTo be, it's kind of cool. The US is the only country where they will chuck money at you to start a business.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nAmerica is BY FAR the easiest country to start a new business in.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nI work whenever I want and no one tells me what to do,",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI agree. I have multiple degrees and started my own business. Been at it about 20 years. I make a small profit for the last 15 years or so. However, the amount of time I spend at it it crazy. I get no real vacations as I’m the owner and boss. I can’t just walk away for a day or two.\nSome months are better than others. But I’ve really wanted to just walk away and find a job that I can get a steady income, not have to work 15 hours a day, get actual vacation time and maybe even some kind of pension plan.\nMy mental health has gone down over the years.",
">\n\nThat’s the real risk. Not that you fail, but that you don’t while also not succeeding the way you want.",
">\n\nWhere are they chucking money at people to start businesses? There's tons of costs associated with starting a new business-licenses, insurance, rent, taxes. The only people getting money chucked at them are people with a lot of money already because they can easily access loans.",
">\n\nIn my country it costs like $50 to register a company and IIRC you don't need anything special. Don't even need to register for GST tax until your revenue is >$60k.",
">\n\nLol they don’t mean the legal cost to make a business entity. They mean VC funding is abundant in America so you can actually grow the business (people, office space, R&D, etc.)",
">\n\nThat makes sense! Thanks.",
">\n\nAnd most of it is survivorship bias. Of course you’ll hear more about the successful ones than the majority that fails and that’ll skew your impression",
">\n\nAlso hate this advice when I say “I hate having a boss”. You know, the thing is I hate bosses, I obviously don’t want to be one myself",
">\n\nIt is unless you are rich. I read this somewhere probably reddit.\n1. Poor person scrapes up 15k gets a loan for 100k it fails. They can't try again and spend the rest of there life paying it back poor.\n2. Middle class person. saves up 50k borrow 50k. It fails. They end up in a regular job again and instead of trying to save for retirement are paying a loan and have to work longer. Not doing this again.\n3. Rich person. Wastes 1 million starting multiple businesses. The first 9 fail. Living exactly the same. On the 10th attempt they hit it big and end up owning a wildly successful company.\nA rich person can recover easily. Nobody else can.",
">\n\nYup, I heard the analogy it's like playing darts and each dart is a business. The business is successful if you hit bullseye. Poor people generally get no darts, maybe one. Middle class will mostly get one, maybe two or three. Rich person has basically as many darts as they want.",
">\n\nIf people are stupid enough to buy 100s of same dropshipping or affiliate marketing courses no wonder. Those markets are so oversaturated it is almost impossible to breakthrough.\nLiterally no one of them speak about actual bussiness which serve real purpose and are practical",
">\n\nIts 50% of businesses fail in the first year and 75% in 7 years not 90% but also depends on what country you are in which op didn't specify",
">\n\nStarting your own business is great advice for people who have the money to start their own business.\nIt’s terrible advice for nearly everyone else.",
">\n\nIf you know what you're doing from the start, have a plan for how you will attract business, keep customers and grow your business then you should be fine. Everyone can get unlucky and plans can go bad, but you are far more likely to succeed if you have put some thought into how you are going to work, what can go wrong, and how to deal with anything that goes badly.\nIt's 15 years since I went it alone and I can promise you I don't work anything like 100 hours a week.",
">\n\nYeah it's overrated, fine if you're really passionate about something, like selling shit that people don't need. I rather just wanna be able to pay rent and not be broke.",
">\n\nIn my experience, the fastest way to kill your passion for something is to make it your job.",
">\n\nYou know, the thing is I hate bosses, I obviously don’t want to be one myself.",
">\n\nIf you're a smart guy and a hard worker, it makes sense to start your own business. However, most people are dumber than shit and lazy as hell so they are bound to fail.\nIt's the same thing with telling people \"major in STEM.\" This isn't helpful if you are stupid as shit or just plain fucking hate STEM.",
">\n\nYou shittin facts over here fart face",
">\n\nI want to question the stat 90%. I have ended businesses and never told some information gatherer about it. Ending them wasn't always failure either, sometimes it was for something better that the business led to. I agree with OPs assessment of self-employment. It isn't as glamorous as most people think when they start, it is more complicated and you have more bosses not less, but I love the flexibility and control that I get. I also think it can be lower risk too. Start in a field that you already work in, in a location you have been for a while with pre-established customers or contacts, with no debt or minimal debt and your chances of success are high. Start a restaurant with 500k in debt, 25k weekly expenses and you are trying to make it back $20 at a time, yah that looks bleak. I really think its worth finding out where that stat comes from and how it is figured. Seems about right for food service started with debt, but for landscapers, construction guys, snow powers etc it seems like BS.",
">\n\n\nInstead of having one boss, you have 200 (your customers).",
">\n\nI have to disagree with this. I’ve been “my own boss” for almost 15 years and now that I’m well into my thirties, I honestly can’t imagine any other scenario.\nYes, I had to work 7 day weeks for years on end but guess what? Now, if I wanna go fishing on a Tuesday, I can do it. If I only wanna work 20 hours on certain weeks, I can easily do it. If I stroll in 10 minutes early or 10 minutes late, it truly doesn’t matter either way. The only part that sucks is not having benefits. But I’ll take it for having only myself, my clients and my finances to answer to. \nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.",
">\n\n\nThe catch is, you need deep knowledge of your field, a true niche and the will to stick it out before day one…before your business plan, even. Businesses fail for those reasons before all else.\n\nThis is how I know I'd fail. I'd like to start my own company for the reasons you listed, but I know that ultimately I just cbf, and if I'm not willing to but in tons of hours then it's going to fall to shit.\nI also notice that the best companies tend to be created by people who have a real passion, and like you say, deep knowledge of what they are selling. I think it's very difficult to start a business on a whim. You have to have something you're passionate about already and take it commercial. Just trying to think of some idea on a whim is a recipe for disaster.",
">\n\nHaha yeah for sure…I wish there was a way to figure out the statistics for “on a whim” upstarts vs mega nerd upstarts. I guess there’s probably just no easy way to quantify that",
">\n\nEh it depends. If you practice a profession and start your own business doing that, you don't need a good product. You only need a clientbase and an established reputation.",
">\n\nThats not the same as owning a business. Thats owning your own job. \nIm not saying its bad, but just wanting to clarify",
">\n\nIt definitely is owning a business. Running your own firm requires everything a business requires: a huge capital investment, risk-taking, building a customer base and reinvesting your profits. The only real difference is that you don't have to invent a product or service.",
">\n\nMost people who say this and call themselves an 'entrepreneur' just come across as lazy to me. Because most of the time they have no clue what to do with their life, they have no ambition to get an education or any other job and just think getting their own business will make the cash flow for them somehow.",
">\n\nNo, I'm also not sure where you get that feeling from.",
">\n\nThere really is no reason to insult me by insinuating I cannot differentiate real life from social media or that i spend my time in weird places, all just because you have a different experience than me.",
">\n\nI always tell people who want to start their own business:\nBe prepared to not make any money for at least the first 2 or 3 years\nBe prepared to work 100 hrs a week\nNo matter what your business is, you have to be a great salesman on top of everything else. \nIf you arent going to do everything, you have to find people you can trust. And that's not easy, especially if you cant pay them top dollar.\n\nAfter all that, I tell them my experience in accounting/finance with business owners. Most of them set goals early in life. They knew they wanted to run their own business, meet and marry a nice attractive person, live in a nice house and raise a family.\nAnd for most of the guys who achieved all of those goals... they hate their lives. They just want one good night sleep. They just want their kids to \"clean their fucking rooms\". For guys,Their wives are no longer the 'young hot' girls they fell in love with. They are moms, spending all day with kids, and they have a lot to say about it.\nThe last thing these guys want to do is go home to a 'nagging' wife and noisy children that they cant relate to.\nOne of my bosses is 7 years younger than me and he looks 10 years older.\nBe careful what you wish for.",
">\n\nIt’s also not sustainable advice. Not everyone can be a business owner, there needs to be workers (unless you’re some expert automation engineer, but there’s very few who can do that and manage a business).",
">\n\nAnd there’s only so many products that people need or want to buy - “just sell a thing!” Isn’t a business plan, yet people act like it’s the magic formula for making gold appear out of thin air.",
">\n\nI disagree. \nWhat you described a business as isnt the same as what a business is. What you described is owning your own job. \nBut even what you described is better than being a slave to a corporation. A business owner is in control. And what you described is a person attempting to take control of their life. I argue that is far more better than submitting as a slave/employee.",
">\n\nI sell my products online, I work whenever I want and no one tells me what to do, I don't need to wake up early, my income is stable. You just have to try",
">\n\nYou’re absolutely right. Give up NOW.",
">\n\nGiving this advice to 19/20 year olds is pretty trash. As someone who was just that age, you don't really have any connections or resources to get started. I can find this being a viable option if you've found a niche in a business after 10 years experience.",
">\n\nThere are two types of people. The owners and the employees. There are people who like to collect a check at the end of the month from their employer and there are others who prefer to be the ones writing that check. \nYes it's overrated and sometimes it's not glamourous, especially when you are starting.",
">\n\nWord",
">\n\nStarting your own business is a very reliable way to fail and be broke as fuck. If you look closely, most people who talk about \"being their own boss\" and \"starting their own business\" are people of questionable educational qualifications and dubious work ethic.",
">\n\nRich people's advice to get rich is for people to take on debt and pay more rent, quelle surprise!",
">\n\nI can tell you that being self employed for nearly 25 years (IT Consultant) has definitely been preferable to working for someone else. I took a 6 month Chief Admin job a few years back for a medical association and was glad to go back to work for myself.",
">\n\n\nIT Consultant\n\nquelle surprise",
">\n\nI am sure that the landscaper/lawn maintenance/mechanic and the list goes on would have received the same response. It has been true that nothing is shocking for a long time",
">\n\nEveryone I knew who started their own business no longer has their own business. I think it's terrible career advice, but the problem is that we've created an economy where people are running out of paths to financial freedom, and \"starting your own business\" seems like the most straightforward solution, when it's really anything but.",
">\n\nQuite simply - lots of people are not cut out to be businesspeople/entrepreneurs, and it's unfounded for them to pursue owning a business if their business acumen doesn't match the ambition.\nEdit: *business acumen and desire. Some people may want to become businesspeople and learn about business, and that's fine.",
">\n\nExpecting someone else to give you career advice is backwards anyway unless you’re already in a specific field and getting advice about that field.\nWhat do you expect people to even say?",
">\n\nPeople like being in control of their business. \nI agree with you that it takes a lot of time and the primary reason why businesses fail is because people mismanage money. Theres always going to be a market for something but you need to properly assess your revenue to make sure you don't go bankrupt"
] |
Did you paint it? If so, what did you use?
I have this in the standard white, but would love it in gray/black | [] |
>
I’m working on the same board for a friend. She didn’t like the white either lol so I spray painted it. | [
"Did you paint it? If so, what did you use?\nI have this in the standard white, but would love it in gray/black"
] |
>
Epomaker TH80 (foam & 2 layers of tape)
Akko CS Silver, they sound good unlubed
Modern Dolch Clone ABS double shot
Durock V2 stabs, lubed & holee mod
Black Retro ESC key
Soundtest soon on my IG | [
"Did you paint it? If so, what did you use?\nI have this in the standard white, but would love it in gray/black",
">\n\nI’m working on the same board for a friend. She didn’t like the white either lol so I spray painted it."
] |
>
Need the full build sir! This is sick. Would love to take some inspiration. | [
"Did you paint it? If so, what did you use?\nI have this in the standard white, but would love it in gray/black",
">\n\nI’m working on the same board for a friend. She didn’t like the white either lol so I spray painted it.",
">\n\n\nEpomaker TH80 (foam & 2 layers of tape)\nAkko CS Silver, they sound good unlubed\nModern Dolch Clone ABS double shot\nDurock V2 stabs, lubed & holee mod\nBlack Retro ESC key\nSoundtest soon on my IG"
] |
>
Link to the keycaps? I like the color way but don’t want to pay the gmk tax | [
"Did you paint it? If so, what did you use?\nI have this in the standard white, but would love it in gray/black",
">\n\nI’m working on the same board for a friend. She didn’t like the white either lol so I spray painted it.",
">\n\n\nEpomaker TH80 (foam & 2 layers of tape)\nAkko CS Silver, they sound good unlubed\nModern Dolch Clone ABS double shot\nDurock V2 stabs, lubed & holee mod\nBlack Retro ESC key\nSoundtest soon on my IG",
">\n\nNeed the full build sir! This is sick. Would love to take some inspiration."
] |
>
just search "modern dolch aifei" | [
"Did you paint it? If so, what did you use?\nI have this in the standard white, but would love it in gray/black",
">\n\nI’m working on the same board for a friend. She didn’t like the white either lol so I spray painted it.",
">\n\n\nEpomaker TH80 (foam & 2 layers of tape)\nAkko CS Silver, they sound good unlubed\nModern Dolch Clone ABS double shot\nDurock V2 stabs, lubed & holee mod\nBlack Retro ESC key\nSoundtest soon on my IG",
">\n\nNeed the full build sir! This is sick. Would love to take some inspiration.",
">\n\nLink to the keycaps? I like the color way but don’t want to pay the gmk tax"
] |
>
Okay bot, I’m trying to be useful | [
"Did you paint it? If so, what did you use?\nI have this in the standard white, but would love it in gray/black",
">\n\nI’m working on the same board for a friend. She didn’t like the white either lol so I spray painted it.",
">\n\n\nEpomaker TH80 (foam & 2 layers of tape)\nAkko CS Silver, they sound good unlubed\nModern Dolch Clone ABS double shot\nDurock V2 stabs, lubed & holee mod\nBlack Retro ESC key\nSoundtest soon on my IG",
">\n\nNeed the full build sir! This is sick. Would love to take some inspiration.",
">\n\nLink to the keycaps? I like the color way but don’t want to pay the gmk tax",
">\n\njust search \"modern dolch aifei\""
] |
>
So is the bot | [
"Did you paint it? If so, what did you use?\nI have this in the standard white, but would love it in gray/black",
">\n\nI’m working on the same board for a friend. She didn’t like the white either lol so I spray painted it.",
">\n\n\nEpomaker TH80 (foam & 2 layers of tape)\nAkko CS Silver, they sound good unlubed\nModern Dolch Clone ABS double shot\nDurock V2 stabs, lubed & holee mod\nBlack Retro ESC key\nSoundtest soon on my IG",
">\n\nNeed the full build sir! This is sick. Would love to take some inspiration.",
">\n\nLink to the keycaps? I like the color way but don’t want to pay the gmk tax",
">\n\njust search \"modern dolch aifei\"",
">\n\nOkay bot, I’m trying to be useful"
] |
>
💀 | [
"Did you paint it? If so, what did you use?\nI have this in the standard white, but would love it in gray/black",
">\n\nI’m working on the same board for a friend. She didn’t like the white either lol so I spray painted it.",
">\n\n\nEpomaker TH80 (foam & 2 layers of tape)\nAkko CS Silver, they sound good unlubed\nModern Dolch Clone ABS double shot\nDurock V2 stabs, lubed & holee mod\nBlack Retro ESC key\nSoundtest soon on my IG",
">\n\nNeed the full build sir! This is sick. Would love to take some inspiration.",
">\n\nLink to the keycaps? I like the color way but don’t want to pay the gmk tax",
">\n\njust search \"modern dolch aifei\"",
">\n\nOkay bot, I’m trying to be useful",
">\n\nSo is the bot"
] |
>
Nice build! Is the spacebar on the wrong way? Kind of looks like it | [
"Did you paint it? If so, what did you use?\nI have this in the standard white, but would love it in gray/black",
">\n\nI’m working on the same board for a friend. She didn’t like the white either lol so I spray painted it.",
">\n\n\nEpomaker TH80 (foam & 2 layers of tape)\nAkko CS Silver, they sound good unlubed\nModern Dolch Clone ABS double shot\nDurock V2 stabs, lubed & holee mod\nBlack Retro ESC key\nSoundtest soon on my IG",
">\n\nNeed the full build sir! This is sick. Would love to take some inspiration.",
">\n\nLink to the keycaps? I like the color way but don’t want to pay the gmk tax",
">\n\njust search \"modern dolch aifei\"",
">\n\nOkay bot, I’m trying to be useful",
">\n\nSo is the bot",
">\n\n💀"
] |
>
It’s flipped, and I like it a lot | [
"Did you paint it? If so, what did you use?\nI have this in the standard white, but would love it in gray/black",
">\n\nI’m working on the same board for a friend. She didn’t like the white either lol so I spray painted it.",
">\n\n\nEpomaker TH80 (foam & 2 layers of tape)\nAkko CS Silver, they sound good unlubed\nModern Dolch Clone ABS double shot\nDurock V2 stabs, lubed & holee mod\nBlack Retro ESC key\nSoundtest soon on my IG",
">\n\nNeed the full build sir! This is sick. Would love to take some inspiration.",
">\n\nLink to the keycaps? I like the color way but don’t want to pay the gmk tax",
">\n\njust search \"modern dolch aifei\"",
">\n\nOkay bot, I’m trying to be useful",
">\n\nSo is the bot",
">\n\n💀",
">\n\nNice build! Is the spacebar on the wrong way? Kind of looks like it"
] |
> | [
"Did you paint it? If so, what did you use?\nI have this in the standard white, but would love it in gray/black",
">\n\nI’m working on the same board for a friend. She didn’t like the white either lol so I spray painted it.",
">\n\n\nEpomaker TH80 (foam & 2 layers of tape)\nAkko CS Silver, they sound good unlubed\nModern Dolch Clone ABS double shot\nDurock V2 stabs, lubed & holee mod\nBlack Retro ESC key\nSoundtest soon on my IG",
">\n\nNeed the full build sir! This is sick. Would love to take some inspiration.",
">\n\nLink to the keycaps? I like the color way but don’t want to pay the gmk tax",
">\n\njust search \"modern dolch aifei\"",
">\n\nOkay bot, I’m trying to be useful",
">\n\nSo is the bot",
">\n\n💀",
">\n\nNice build! Is the spacebar on the wrong way? Kind of looks like it",
">\n\nIt’s flipped, and I like it a lot"
] |
Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.
Adopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this. | [] |
>
Sure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large? | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this."
] |
>
the timelines are waiting to move up the list. There are not enough babies. | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?"
] |
>
We are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts.
Some people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired.
You can promote it all you want. But don't have unrealistic expectations about it. | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies."
] |
>
Again, I haven’t done it so I have not experienced it.
Can I ask if you’ve ever have or currently feel, that you would happily die for your partner?
Additionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological. | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it."
] |
>
hmmmmmm yeah I would die for my wife if I had to. But that one is more out of a sense of duty than anything. I never felt even remotely that way about anyone else.
I think you're overestimating how much of our reproductive instinct is learned versus how much of it is inherited. Human beings crave their own biologic children because of how their brains are wired. Not because someone told them so. Which is really the point I was trying to make.
Yes you can fall in love with your friends and what not. Some can anyway. But most average people only feel this way for a select group of people. Usually their immediate family, significant other, and more so than anything children. | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it.",
">\n\nAgain, I haven’t done it so I have not experienced it. \nCan I ask if you’ve ever have or currently feel, that you would happily die for your partner? \nAdditionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological."
] |
>
Thanks for the reply. I think I need to research biological drivers in humans related to our offspring. I’m sure I won’t have trouble finding literature on the topic. | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it.",
">\n\nAgain, I haven’t done it so I have not experienced it. \nCan I ask if you’ve ever have or currently feel, that you would happily die for your partner? \nAdditionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological.",
">\n\nhmmmmmm yeah I would die for my wife if I had to. But that one is more out of a sense of duty than anything. I never felt even remotely that way about anyone else. \nI think you're overestimating how much of our reproductive instinct is learned versus how much of it is inherited. Human beings crave their own biologic children because of how their brains are wired. Not because someone told them so. Which is really the point I was trying to make. \nYes you can fall in love with your friends and what not. Some can anyway. But most average people only feel this way for a select group of people. Usually their immediate family, significant other, and more so than anything children."
] |
>
I do not know about you but I don’t have an extra 50k | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it.",
">\n\nAgain, I haven’t done it so I have not experienced it. \nCan I ask if you’ve ever have or currently feel, that you would happily die for your partner? \nAdditionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological.",
">\n\nhmmmmmm yeah I would die for my wife if I had to. But that one is more out of a sense of duty than anything. I never felt even remotely that way about anyone else. \nI think you're overestimating how much of our reproductive instinct is learned versus how much of it is inherited. Human beings crave their own biologic children because of how their brains are wired. Not because someone told them so. Which is really the point I was trying to make. \nYes you can fall in love with your friends and what not. Some can anyway. But most average people only feel this way for a select group of people. Usually their immediate family, significant other, and more so than anything children.",
">\n\nThanks for the reply. I think I need to research biological drivers in humans related to our offspring. I’m sure I won’t have trouble finding literature on the topic."
] |
>
It's cheaper if you import them though. | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it.",
">\n\nAgain, I haven’t done it so I have not experienced it. \nCan I ask if you’ve ever have or currently feel, that you would happily die for your partner? \nAdditionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological.",
">\n\nhmmmmmm yeah I would die for my wife if I had to. But that one is more out of a sense of duty than anything. I never felt even remotely that way about anyone else. \nI think you're overestimating how much of our reproductive instinct is learned versus how much of it is inherited. Human beings crave their own biologic children because of how their brains are wired. Not because someone told them so. Which is really the point I was trying to make. \nYes you can fall in love with your friends and what not. Some can anyway. But most average people only feel this way for a select group of people. Usually their immediate family, significant other, and more so than anything children.",
">\n\nThanks for the reply. I think I need to research biological drivers in humans related to our offspring. I’m sure I won’t have trouble finding literature on the topic.",
">\n\nI do not know about you but I don’t have an extra 50k"
] |
>
Would it not be better for society to promote sex education, access to birth control, and abortion to help stem the flow of orphaned children? This way it 'solves' the problem before it occurs or at least lessens it? | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it.",
">\n\nAgain, I haven’t done it so I have not experienced it. \nCan I ask if you’ve ever have or currently feel, that you would happily die for your partner? \nAdditionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological.",
">\n\nhmmmmmm yeah I would die for my wife if I had to. But that one is more out of a sense of duty than anything. I never felt even remotely that way about anyone else. \nI think you're overestimating how much of our reproductive instinct is learned versus how much of it is inherited. Human beings crave their own biologic children because of how their brains are wired. Not because someone told them so. Which is really the point I was trying to make. \nYes you can fall in love with your friends and what not. Some can anyway. But most average people only feel this way for a select group of people. Usually their immediate family, significant other, and more so than anything children.",
">\n\nThanks for the reply. I think I need to research biological drivers in humans related to our offspring. I’m sure I won’t have trouble finding literature on the topic.",
">\n\nI do not know about you but I don’t have an extra 50k",
">\n\nIt's cheaper if you import them though."
] |
>
I agree that sex education, along with other education for societal ills, is important. I think it’s important but not an answer to my question/view. | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it.",
">\n\nAgain, I haven’t done it so I have not experienced it. \nCan I ask if you’ve ever have or currently feel, that you would happily die for your partner? \nAdditionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological.",
">\n\nhmmmmmm yeah I would die for my wife if I had to. But that one is more out of a sense of duty than anything. I never felt even remotely that way about anyone else. \nI think you're overestimating how much of our reproductive instinct is learned versus how much of it is inherited. Human beings crave their own biologic children because of how their brains are wired. Not because someone told them so. Which is really the point I was trying to make. \nYes you can fall in love with your friends and what not. Some can anyway. But most average people only feel this way for a select group of people. Usually their immediate family, significant other, and more so than anything children.",
">\n\nThanks for the reply. I think I need to research biological drivers in humans related to our offspring. I’m sure I won’t have trouble finding literature on the topic.",
">\n\nI do not know about you but I don’t have an extra 50k",
">\n\nIt's cheaper if you import them though.",
">\n\nWould it not be better for society to promote sex education, access to birth control, and abortion to help stem the flow of orphaned children? This way it 'solves' the problem before it occurs or at least lessens it?"
] |
>
There are "only" around 100,000 children waiting to be adopted in the USA, which is statistically irrelevant. Certainly not enough to maintain population growth. Promoting adoption over natural birth is only one option - why not promote adoption alongside birth? Or better fund state care and solutions for collectivist raising of these children? | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it.",
">\n\nAgain, I haven’t done it so I have not experienced it. \nCan I ask if you’ve ever have or currently feel, that you would happily die for your partner? \nAdditionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological.",
">\n\nhmmmmmm yeah I would die for my wife if I had to. But that one is more out of a sense of duty than anything. I never felt even remotely that way about anyone else. \nI think you're overestimating how much of our reproductive instinct is learned versus how much of it is inherited. Human beings crave their own biologic children because of how their brains are wired. Not because someone told them so. Which is really the point I was trying to make. \nYes you can fall in love with your friends and what not. Some can anyway. But most average people only feel this way for a select group of people. Usually their immediate family, significant other, and more so than anything children.",
">\n\nThanks for the reply. I think I need to research biological drivers in humans related to our offspring. I’m sure I won’t have trouble finding literature on the topic.",
">\n\nI do not know about you but I don’t have an extra 50k",
">\n\nIt's cheaper if you import them though.",
">\n\nWould it not be better for society to promote sex education, access to birth control, and abortion to help stem the flow of orphaned children? This way it 'solves' the problem before it occurs or at least lessens it?",
">\n\nI agree that sex education, along with other education for societal ills, is important. I think it’s important but not an answer to my question/view."
] |
>
The actual amount to adoptable children is definitely relevant. Nevertheless, shouldn’t society put more value in adoption over having a biological child? I conceded population growth as a fact/issue in my OP. | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it.",
">\n\nAgain, I haven’t done it so I have not experienced it. \nCan I ask if you’ve ever have or currently feel, that you would happily die for your partner? \nAdditionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological.",
">\n\nhmmmmmm yeah I would die for my wife if I had to. But that one is more out of a sense of duty than anything. I never felt even remotely that way about anyone else. \nI think you're overestimating how much of our reproductive instinct is learned versus how much of it is inherited. Human beings crave their own biologic children because of how their brains are wired. Not because someone told them so. Which is really the point I was trying to make. \nYes you can fall in love with your friends and what not. Some can anyway. But most average people only feel this way for a select group of people. Usually their immediate family, significant other, and more so than anything children.",
">\n\nThanks for the reply. I think I need to research biological drivers in humans related to our offspring. I’m sure I won’t have trouble finding literature on the topic.",
">\n\nI do not know about you but I don’t have an extra 50k",
">\n\nIt's cheaper if you import them though.",
">\n\nWould it not be better for society to promote sex education, access to birth control, and abortion to help stem the flow of orphaned children? This way it 'solves' the problem before it occurs or at least lessens it?",
">\n\nI agree that sex education, along with other education for societal ills, is important. I think it’s important but not an answer to my question/view.",
">\n\nThere are \"only\" around 100,000 children waiting to be adopted in the USA, which is statistically irrelevant. Certainly not enough to maintain population growth. Promoting adoption over natural birth is only one option - why not promote adoption alongside birth? Or better fund state care and solutions for collectivist raising of these children?"
] |
>
Like I feel you need to look at the numbers 100k are up for adoption thats a piddly 2.5% of the ~4million babies a year we have up to 2 million families waiting to adopt a baby. Your really missing the supply of adoptable babies. Litterly 20x the number of babies available are desired for adaption...
Now if you look at the older kids that's it's own mess why buy into a likely overly taxing situation if you can have your own non traumatized kids. | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it.",
">\n\nAgain, I haven’t done it so I have not experienced it. \nCan I ask if you’ve ever have or currently feel, that you would happily die for your partner? \nAdditionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological.",
">\n\nhmmmmmm yeah I would die for my wife if I had to. But that one is more out of a sense of duty than anything. I never felt even remotely that way about anyone else. \nI think you're overestimating how much of our reproductive instinct is learned versus how much of it is inherited. Human beings crave their own biologic children because of how their brains are wired. Not because someone told them so. Which is really the point I was trying to make. \nYes you can fall in love with your friends and what not. Some can anyway. But most average people only feel this way for a select group of people. Usually their immediate family, significant other, and more so than anything children.",
">\n\nThanks for the reply. I think I need to research biological drivers in humans related to our offspring. I’m sure I won’t have trouble finding literature on the topic.",
">\n\nI do not know about you but I don’t have an extra 50k",
">\n\nIt's cheaper if you import them though.",
">\n\nWould it not be better for society to promote sex education, access to birth control, and abortion to help stem the flow of orphaned children? This way it 'solves' the problem before it occurs or at least lessens it?",
">\n\nI agree that sex education, along with other education for societal ills, is important. I think it’s important but not an answer to my question/view.",
">\n\nThere are \"only\" around 100,000 children waiting to be adopted in the USA, which is statistically irrelevant. Certainly not enough to maintain population growth. Promoting adoption over natural birth is only one option - why not promote adoption alongside birth? Or better fund state care and solutions for collectivist raising of these children?",
">\n\nThe actual amount to adoptable children is definitely relevant. Nevertheless, shouldn’t society put more value in adoption over having a biological child? I conceded population growth as a fact/issue in my OP."
] |
>
In other words, you want us to raise the children of people who do not agree with that sentiment. | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it.",
">\n\nAgain, I haven’t done it so I have not experienced it. \nCan I ask if you’ve ever have or currently feel, that you would happily die for your partner? \nAdditionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological.",
">\n\nhmmmmmm yeah I would die for my wife if I had to. But that one is more out of a sense of duty than anything. I never felt even remotely that way about anyone else. \nI think you're overestimating how much of our reproductive instinct is learned versus how much of it is inherited. Human beings crave their own biologic children because of how their brains are wired. Not because someone told them so. Which is really the point I was trying to make. \nYes you can fall in love with your friends and what not. Some can anyway. But most average people only feel this way for a select group of people. Usually their immediate family, significant other, and more so than anything children.",
">\n\nThanks for the reply. I think I need to research biological drivers in humans related to our offspring. I’m sure I won’t have trouble finding literature on the topic.",
">\n\nI do not know about you but I don’t have an extra 50k",
">\n\nIt's cheaper if you import them though.",
">\n\nWould it not be better for society to promote sex education, access to birth control, and abortion to help stem the flow of orphaned children? This way it 'solves' the problem before it occurs or at least lessens it?",
">\n\nI agree that sex education, along with other education for societal ills, is important. I think it’s important but not an answer to my question/view.",
">\n\nThere are \"only\" around 100,000 children waiting to be adopted in the USA, which is statistically irrelevant. Certainly not enough to maintain population growth. Promoting adoption over natural birth is only one option - why not promote adoption alongside birth? Or better fund state care and solutions for collectivist raising of these children?",
">\n\nThe actual amount to adoptable children is definitely relevant. Nevertheless, shouldn’t society put more value in adoption over having a biological child? I conceded population growth as a fact/issue in my OP.",
">\n\nLike I feel you need to look at the numbers 100k are up for adoption thats a piddly 2.5% of the ~4million babies a year we have up to 2 million families waiting to adopt a baby. Your really missing the supply of adoptable babies. Litterly 20x the number of babies available are desired for adaption...\nNow if you look at the older kids that's it's own mess why buy into a likely overly taxing situation if you can have your own non traumatized kids."
] |
>
I think the benefit that these children would receive certainly outweighs bothering to consider the biological parents viewpoints. I truly think their view is irrelevant. | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it.",
">\n\nAgain, I haven’t done it so I have not experienced it. \nCan I ask if you’ve ever have or currently feel, that you would happily die for your partner? \nAdditionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological.",
">\n\nhmmmmmm yeah I would die for my wife if I had to. But that one is more out of a sense of duty than anything. I never felt even remotely that way about anyone else. \nI think you're overestimating how much of our reproductive instinct is learned versus how much of it is inherited. Human beings crave their own biologic children because of how their brains are wired. Not because someone told them so. Which is really the point I was trying to make. \nYes you can fall in love with your friends and what not. Some can anyway. But most average people only feel this way for a select group of people. Usually their immediate family, significant other, and more so than anything children.",
">\n\nThanks for the reply. I think I need to research biological drivers in humans related to our offspring. I’m sure I won’t have trouble finding literature on the topic.",
">\n\nI do not know about you but I don’t have an extra 50k",
">\n\nIt's cheaper if you import them though.",
">\n\nWould it not be better for society to promote sex education, access to birth control, and abortion to help stem the flow of orphaned children? This way it 'solves' the problem before it occurs or at least lessens it?",
">\n\nI agree that sex education, along with other education for societal ills, is important. I think it’s important but not an answer to my question/view.",
">\n\nThere are \"only\" around 100,000 children waiting to be adopted in the USA, which is statistically irrelevant. Certainly not enough to maintain population growth. Promoting adoption over natural birth is only one option - why not promote adoption alongside birth? Or better fund state care and solutions for collectivist raising of these children?",
">\n\nThe actual amount to adoptable children is definitely relevant. Nevertheless, shouldn’t society put more value in adoption over having a biological child? I conceded population growth as a fact/issue in my OP.",
">\n\nLike I feel you need to look at the numbers 100k are up for adoption thats a piddly 2.5% of the ~4million babies a year we have up to 2 million families waiting to adopt a baby. Your really missing the supply of adoptable babies. Litterly 20x the number of babies available are desired for adaption...\nNow if you look at the older kids that's it's own mess why buy into a likely overly taxing situation if you can have your own non traumatized kids.",
">\n\nIn other words, you want us to raise the children of people who do not agree with that sentiment."
] |
>
Be the change man, don’t procreate. Adopt. I on the other hand don’t want to. | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it.",
">\n\nAgain, I haven’t done it so I have not experienced it. \nCan I ask if you’ve ever have or currently feel, that you would happily die for your partner? \nAdditionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological.",
">\n\nhmmmmmm yeah I would die for my wife if I had to. But that one is more out of a sense of duty than anything. I never felt even remotely that way about anyone else. \nI think you're overestimating how much of our reproductive instinct is learned versus how much of it is inherited. Human beings crave their own biologic children because of how their brains are wired. Not because someone told them so. Which is really the point I was trying to make. \nYes you can fall in love with your friends and what not. Some can anyway. But most average people only feel this way for a select group of people. Usually their immediate family, significant other, and more so than anything children.",
">\n\nThanks for the reply. I think I need to research biological drivers in humans related to our offspring. I’m sure I won’t have trouble finding literature on the topic.",
">\n\nI do not know about you but I don’t have an extra 50k",
">\n\nIt's cheaper if you import them though.",
">\n\nWould it not be better for society to promote sex education, access to birth control, and abortion to help stem the flow of orphaned children? This way it 'solves' the problem before it occurs or at least lessens it?",
">\n\nI agree that sex education, along with other education for societal ills, is important. I think it’s important but not an answer to my question/view.",
">\n\nThere are \"only\" around 100,000 children waiting to be adopted in the USA, which is statistically irrelevant. Certainly not enough to maintain population growth. Promoting adoption over natural birth is only one option - why not promote adoption alongside birth? Or better fund state care and solutions for collectivist raising of these children?",
">\n\nThe actual amount to adoptable children is definitely relevant. Nevertheless, shouldn’t society put more value in adoption over having a biological child? I conceded population growth as a fact/issue in my OP.",
">\n\nLike I feel you need to look at the numbers 100k are up for adoption thats a piddly 2.5% of the ~4million babies a year we have up to 2 million families waiting to adopt a baby. Your really missing the supply of adoptable babies. Litterly 20x the number of babies available are desired for adaption...\nNow if you look at the older kids that's it's own mess why buy into a likely overly taxing situation if you can have your own non traumatized kids.",
">\n\nIn other words, you want us to raise the children of people who do not agree with that sentiment.",
">\n\nI think the benefit that these children would receive certainly outweighs bothering to consider the biological parents viewpoints. I truly think their view is irrelevant."
] |
>
There is already way more demand for new born adoptions than there are babies to be adopted. Adopting a new born when you can have your own children is really just taking away that option for a couple that may not otherwise be able to have children. The children that need adoptions tend to be older children that often have issues that need special attention. For the right kind of person adopting those children would be great, but I disagree that the average parent should consider this over having their own children. | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it.",
">\n\nAgain, I haven’t done it so I have not experienced it. \nCan I ask if you’ve ever have or currently feel, that you would happily die for your partner? \nAdditionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological.",
">\n\nhmmmmmm yeah I would die for my wife if I had to. But that one is more out of a sense of duty than anything. I never felt even remotely that way about anyone else. \nI think you're overestimating how much of our reproductive instinct is learned versus how much of it is inherited. Human beings crave their own biologic children because of how their brains are wired. Not because someone told them so. Which is really the point I was trying to make. \nYes you can fall in love with your friends and what not. Some can anyway. But most average people only feel this way for a select group of people. Usually their immediate family, significant other, and more so than anything children.",
">\n\nThanks for the reply. I think I need to research biological drivers in humans related to our offspring. I’m sure I won’t have trouble finding literature on the topic.",
">\n\nI do not know about you but I don’t have an extra 50k",
">\n\nIt's cheaper if you import them though.",
">\n\nWould it not be better for society to promote sex education, access to birth control, and abortion to help stem the flow of orphaned children? This way it 'solves' the problem before it occurs or at least lessens it?",
">\n\nI agree that sex education, along with other education for societal ills, is important. I think it’s important but not an answer to my question/view.",
">\n\nThere are \"only\" around 100,000 children waiting to be adopted in the USA, which is statistically irrelevant. Certainly not enough to maintain population growth. Promoting adoption over natural birth is only one option - why not promote adoption alongside birth? Or better fund state care and solutions for collectivist raising of these children?",
">\n\nThe actual amount to adoptable children is definitely relevant. Nevertheless, shouldn’t society put more value in adoption over having a biological child? I conceded population growth as a fact/issue in my OP.",
">\n\nLike I feel you need to look at the numbers 100k are up for adoption thats a piddly 2.5% of the ~4million babies a year we have up to 2 million families waiting to adopt a baby. Your really missing the supply of adoptable babies. Litterly 20x the number of babies available are desired for adaption...\nNow if you look at the older kids that's it's own mess why buy into a likely overly taxing situation if you can have your own non traumatized kids.",
">\n\nIn other words, you want us to raise the children of people who do not agree with that sentiment.",
">\n\nI think the benefit that these children would receive certainly outweighs bothering to consider the biological parents viewpoints. I truly think their view is irrelevant.",
">\n\nBe the change man, don’t procreate. Adopt. I on the other hand don’t want to."
] |
>
The numbers are definitely low but around 10% of kids up for adoption never get adopted. That’s quite a lot of kids turning 18 in foster care without parental love, guidance and support. | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it.",
">\n\nAgain, I haven’t done it so I have not experienced it. \nCan I ask if you’ve ever have or currently feel, that you would happily die for your partner? \nAdditionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological.",
">\n\nhmmmmmm yeah I would die for my wife if I had to. But that one is more out of a sense of duty than anything. I never felt even remotely that way about anyone else. \nI think you're overestimating how much of our reproductive instinct is learned versus how much of it is inherited. Human beings crave their own biologic children because of how their brains are wired. Not because someone told them so. Which is really the point I was trying to make. \nYes you can fall in love with your friends and what not. Some can anyway. But most average people only feel this way for a select group of people. Usually their immediate family, significant other, and more so than anything children.",
">\n\nThanks for the reply. I think I need to research biological drivers in humans related to our offspring. I’m sure I won’t have trouble finding literature on the topic.",
">\n\nI do not know about you but I don’t have an extra 50k",
">\n\nIt's cheaper if you import them though.",
">\n\nWould it not be better for society to promote sex education, access to birth control, and abortion to help stem the flow of orphaned children? This way it 'solves' the problem before it occurs or at least lessens it?",
">\n\nI agree that sex education, along with other education for societal ills, is important. I think it’s important but not an answer to my question/view.",
">\n\nThere are \"only\" around 100,000 children waiting to be adopted in the USA, which is statistically irrelevant. Certainly not enough to maintain population growth. Promoting adoption over natural birth is only one option - why not promote adoption alongside birth? Or better fund state care and solutions for collectivist raising of these children?",
">\n\nThe actual amount to adoptable children is definitely relevant. Nevertheless, shouldn’t society put more value in adoption over having a biological child? I conceded population growth as a fact/issue in my OP.",
">\n\nLike I feel you need to look at the numbers 100k are up for adoption thats a piddly 2.5% of the ~4million babies a year we have up to 2 million families waiting to adopt a baby. Your really missing the supply of adoptable babies. Litterly 20x the number of babies available are desired for adaption...\nNow if you look at the older kids that's it's own mess why buy into a likely overly taxing situation if you can have your own non traumatized kids.",
">\n\nIn other words, you want us to raise the children of people who do not agree with that sentiment.",
">\n\nI think the benefit that these children would receive certainly outweighs bothering to consider the biological parents viewpoints. I truly think their view is irrelevant.",
">\n\nBe the change man, don’t procreate. Adopt. I on the other hand don’t want to.",
">\n\nThere is already way more demand for new born adoptions than there are babies to be adopted. Adopting a new born when you can have your own children is really just taking away that option for a couple that may not otherwise be able to have children. The children that need adoptions tend to be older children that often have issues that need special attention. For the right kind of person adopting those children would be great, but I disagree that the average parent should consider this over having their own children."
] |
>
I agree it would be better if those kids could find loving homes, I just don't think society should be encouraging everyone to adopt instead of have their own children. If the children have special needs they should be matched with parents that can provide that. There's lots of stories of parents adopting older children and realizing they were in over their heads and even returning the children to foster care. Imo that's worse than if they were never adopted in the first place. | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it.",
">\n\nAgain, I haven’t done it so I have not experienced it. \nCan I ask if you’ve ever have or currently feel, that you would happily die for your partner? \nAdditionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological.",
">\n\nhmmmmmm yeah I would die for my wife if I had to. But that one is more out of a sense of duty than anything. I never felt even remotely that way about anyone else. \nI think you're overestimating how much of our reproductive instinct is learned versus how much of it is inherited. Human beings crave their own biologic children because of how their brains are wired. Not because someone told them so. Which is really the point I was trying to make. \nYes you can fall in love with your friends and what not. Some can anyway. But most average people only feel this way for a select group of people. Usually their immediate family, significant other, and more so than anything children.",
">\n\nThanks for the reply. I think I need to research biological drivers in humans related to our offspring. I’m sure I won’t have trouble finding literature on the topic.",
">\n\nI do not know about you but I don’t have an extra 50k",
">\n\nIt's cheaper if you import them though.",
">\n\nWould it not be better for society to promote sex education, access to birth control, and abortion to help stem the flow of orphaned children? This way it 'solves' the problem before it occurs or at least lessens it?",
">\n\nI agree that sex education, along with other education for societal ills, is important. I think it’s important but not an answer to my question/view.",
">\n\nThere are \"only\" around 100,000 children waiting to be adopted in the USA, which is statistically irrelevant. Certainly not enough to maintain population growth. Promoting adoption over natural birth is only one option - why not promote adoption alongside birth? Or better fund state care and solutions for collectivist raising of these children?",
">\n\nThe actual amount to adoptable children is definitely relevant. Nevertheless, shouldn’t society put more value in adoption over having a biological child? I conceded population growth as a fact/issue in my OP.",
">\n\nLike I feel you need to look at the numbers 100k are up for adoption thats a piddly 2.5% of the ~4million babies a year we have up to 2 million families waiting to adopt a baby. Your really missing the supply of adoptable babies. Litterly 20x the number of babies available are desired for adaption...\nNow if you look at the older kids that's it's own mess why buy into a likely overly taxing situation if you can have your own non traumatized kids.",
">\n\nIn other words, you want us to raise the children of people who do not agree with that sentiment.",
">\n\nI think the benefit that these children would receive certainly outweighs bothering to consider the biological parents viewpoints. I truly think their view is irrelevant.",
">\n\nBe the change man, don’t procreate. Adopt. I on the other hand don’t want to.",
">\n\nThere is already way more demand for new born adoptions than there are babies to be adopted. Adopting a new born when you can have your own children is really just taking away that option for a couple that may not otherwise be able to have children. The children that need adoptions tend to be older children that often have issues that need special attention. For the right kind of person adopting those children would be great, but I disagree that the average parent should consider this over having their own children.",
">\n\nThe numbers are definitely low but around 10% of kids up for adoption never get adopted. That’s quite a lot of kids turning 18 in foster care without parental love, guidance and support."
] |
>
As others have said, there are far more couples looking to adopt babies than there are babies. That doesn't solve the older kids in the system but there's hardly an alternative as you can't force couples to take in teenagers.
I think advocating for proper sexual education, preferably from parents, but in any capacity will do as long as it is effective. Valuing abstaining from sex until you're in a committed relationship at least is a great way to prevent future children going into the system. | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it.",
">\n\nAgain, I haven’t done it so I have not experienced it. \nCan I ask if you’ve ever have or currently feel, that you would happily die for your partner? \nAdditionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological.",
">\n\nhmmmmmm yeah I would die for my wife if I had to. But that one is more out of a sense of duty than anything. I never felt even remotely that way about anyone else. \nI think you're overestimating how much of our reproductive instinct is learned versus how much of it is inherited. Human beings crave their own biologic children because of how their brains are wired. Not because someone told them so. Which is really the point I was trying to make. \nYes you can fall in love with your friends and what not. Some can anyway. But most average people only feel this way for a select group of people. Usually their immediate family, significant other, and more so than anything children.",
">\n\nThanks for the reply. I think I need to research biological drivers in humans related to our offspring. I’m sure I won’t have trouble finding literature on the topic.",
">\n\nI do not know about you but I don’t have an extra 50k",
">\n\nIt's cheaper if you import them though.",
">\n\nWould it not be better for society to promote sex education, access to birth control, and abortion to help stem the flow of orphaned children? This way it 'solves' the problem before it occurs or at least lessens it?",
">\n\nI agree that sex education, along with other education for societal ills, is important. I think it’s important but not an answer to my question/view.",
">\n\nThere are \"only\" around 100,000 children waiting to be adopted in the USA, which is statistically irrelevant. Certainly not enough to maintain population growth. Promoting adoption over natural birth is only one option - why not promote adoption alongside birth? Or better fund state care and solutions for collectivist raising of these children?",
">\n\nThe actual amount to adoptable children is definitely relevant. Nevertheless, shouldn’t society put more value in adoption over having a biological child? I conceded population growth as a fact/issue in my OP.",
">\n\nLike I feel you need to look at the numbers 100k are up for adoption thats a piddly 2.5% of the ~4million babies a year we have up to 2 million families waiting to adopt a baby. Your really missing the supply of adoptable babies. Litterly 20x the number of babies available are desired for adaption...\nNow if you look at the older kids that's it's own mess why buy into a likely overly taxing situation if you can have your own non traumatized kids.",
">\n\nIn other words, you want us to raise the children of people who do not agree with that sentiment.",
">\n\nI think the benefit that these children would receive certainly outweighs bothering to consider the biological parents viewpoints. I truly think their view is irrelevant.",
">\n\nBe the change man, don’t procreate. Adopt. I on the other hand don’t want to.",
">\n\nThere is already way more demand for new born adoptions than there are babies to be adopted. Adopting a new born when you can have your own children is really just taking away that option for a couple that may not otherwise be able to have children. The children that need adoptions tend to be older children that often have issues that need special attention. For the right kind of person adopting those children would be great, but I disagree that the average parent should consider this over having their own children.",
">\n\nThe numbers are definitely low but around 10% of kids up for adoption never get adopted. That’s quite a lot of kids turning 18 in foster care without parental love, guidance and support.",
">\n\nI agree it would be better if those kids could find loving homes, I just don't think society should be encouraging everyone to adopt instead of have their own children. If the children have special needs they should be matched with parents that can provide that. There's lots of stories of parents adopting older children and realizing they were in over their heads and even returning the children to foster care. Imo that's worse than if they were never adopted in the first place."
] |
>
Well maybe not abstaining but responsible sex lol. But I catch your point. | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it.",
">\n\nAgain, I haven’t done it so I have not experienced it. \nCan I ask if you’ve ever have or currently feel, that you would happily die for your partner? \nAdditionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological.",
">\n\nhmmmmmm yeah I would die for my wife if I had to. But that one is more out of a sense of duty than anything. I never felt even remotely that way about anyone else. \nI think you're overestimating how much of our reproductive instinct is learned versus how much of it is inherited. Human beings crave their own biologic children because of how their brains are wired. Not because someone told them so. Which is really the point I was trying to make. \nYes you can fall in love with your friends and what not. Some can anyway. But most average people only feel this way for a select group of people. Usually their immediate family, significant other, and more so than anything children.",
">\n\nThanks for the reply. I think I need to research biological drivers in humans related to our offspring. I’m sure I won’t have trouble finding literature on the topic.",
">\n\nI do not know about you but I don’t have an extra 50k",
">\n\nIt's cheaper if you import them though.",
">\n\nWould it not be better for society to promote sex education, access to birth control, and abortion to help stem the flow of orphaned children? This way it 'solves' the problem before it occurs or at least lessens it?",
">\n\nI agree that sex education, along with other education for societal ills, is important. I think it’s important but not an answer to my question/view.",
">\n\nThere are \"only\" around 100,000 children waiting to be adopted in the USA, which is statistically irrelevant. Certainly not enough to maintain population growth. Promoting adoption over natural birth is only one option - why not promote adoption alongside birth? Or better fund state care and solutions for collectivist raising of these children?",
">\n\nThe actual amount to adoptable children is definitely relevant. Nevertheless, shouldn’t society put more value in adoption over having a biological child? I conceded population growth as a fact/issue in my OP.",
">\n\nLike I feel you need to look at the numbers 100k are up for adoption thats a piddly 2.5% of the ~4million babies a year we have up to 2 million families waiting to adopt a baby. Your really missing the supply of adoptable babies. Litterly 20x the number of babies available are desired for adaption...\nNow if you look at the older kids that's it's own mess why buy into a likely overly taxing situation if you can have your own non traumatized kids.",
">\n\nIn other words, you want us to raise the children of people who do not agree with that sentiment.",
">\n\nI think the benefit that these children would receive certainly outweighs bothering to consider the biological parents viewpoints. I truly think their view is irrelevant.",
">\n\nBe the change man, don’t procreate. Adopt. I on the other hand don’t want to.",
">\n\nThere is already way more demand for new born adoptions than there are babies to be adopted. Adopting a new born when you can have your own children is really just taking away that option for a couple that may not otherwise be able to have children. The children that need adoptions tend to be older children that often have issues that need special attention. For the right kind of person adopting those children would be great, but I disagree that the average parent should consider this over having their own children.",
">\n\nThe numbers are definitely low but around 10% of kids up for adoption never get adopted. That’s quite a lot of kids turning 18 in foster care without parental love, guidance and support.",
">\n\nI agree it would be better if those kids could find loving homes, I just don't think society should be encouraging everyone to adopt instead of have their own children. If the children have special needs they should be matched with parents that can provide that. There's lots of stories of parents adopting older children and realizing they were in over their heads and even returning the children to foster care. Imo that's worse than if they were never adopted in the first place.",
">\n\nAs others have said, there are far more couples looking to adopt babies than there are babies. That doesn't solve the older kids in the system but there's hardly an alternative as you can't force couples to take in teenagers. \nI think advocating for proper sexual education, preferably from parents, but in any capacity will do as long as it is effective. Valuing abstaining from sex until you're in a committed relationship at least is a great way to prevent future children going into the system."
] |
>
Responsible sex would be a viable option if all these kids would practice it lol | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it.",
">\n\nAgain, I haven’t done it so I have not experienced it. \nCan I ask if you’ve ever have or currently feel, that you would happily die for your partner? \nAdditionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological.",
">\n\nhmmmmmm yeah I would die for my wife if I had to. But that one is more out of a sense of duty than anything. I never felt even remotely that way about anyone else. \nI think you're overestimating how much of our reproductive instinct is learned versus how much of it is inherited. Human beings crave their own biologic children because of how their brains are wired. Not because someone told them so. Which is really the point I was trying to make. \nYes you can fall in love with your friends and what not. Some can anyway. But most average people only feel this way for a select group of people. Usually their immediate family, significant other, and more so than anything children.",
">\n\nThanks for the reply. I think I need to research biological drivers in humans related to our offspring. I’m sure I won’t have trouble finding literature on the topic.",
">\n\nI do not know about you but I don’t have an extra 50k",
">\n\nIt's cheaper if you import them though.",
">\n\nWould it not be better for society to promote sex education, access to birth control, and abortion to help stem the flow of orphaned children? This way it 'solves' the problem before it occurs or at least lessens it?",
">\n\nI agree that sex education, along with other education for societal ills, is important. I think it’s important but not an answer to my question/view.",
">\n\nThere are \"only\" around 100,000 children waiting to be adopted in the USA, which is statistically irrelevant. Certainly not enough to maintain population growth. Promoting adoption over natural birth is only one option - why not promote adoption alongside birth? Or better fund state care and solutions for collectivist raising of these children?",
">\n\nThe actual amount to adoptable children is definitely relevant. Nevertheless, shouldn’t society put more value in adoption over having a biological child? I conceded population growth as a fact/issue in my OP.",
">\n\nLike I feel you need to look at the numbers 100k are up for adoption thats a piddly 2.5% of the ~4million babies a year we have up to 2 million families waiting to adopt a baby. Your really missing the supply of adoptable babies. Litterly 20x the number of babies available are desired for adaption...\nNow if you look at the older kids that's it's own mess why buy into a likely overly taxing situation if you can have your own non traumatized kids.",
">\n\nIn other words, you want us to raise the children of people who do not agree with that sentiment.",
">\n\nI think the benefit that these children would receive certainly outweighs bothering to consider the biological parents viewpoints. I truly think their view is irrelevant.",
">\n\nBe the change man, don’t procreate. Adopt. I on the other hand don’t want to.",
">\n\nThere is already way more demand for new born adoptions than there are babies to be adopted. Adopting a new born when you can have your own children is really just taking away that option for a couple that may not otherwise be able to have children. The children that need adoptions tend to be older children that often have issues that need special attention. For the right kind of person adopting those children would be great, but I disagree that the average parent should consider this over having their own children.",
">\n\nThe numbers are definitely low but around 10% of kids up for adoption never get adopted. That’s quite a lot of kids turning 18 in foster care without parental love, guidance and support.",
">\n\nI agree it would be better if those kids could find loving homes, I just don't think society should be encouraging everyone to adopt instead of have their own children. If the children have special needs they should be matched with parents that can provide that. There's lots of stories of parents adopting older children and realizing they were in over their heads and even returning the children to foster care. Imo that's worse than if they were never adopted in the first place.",
">\n\nAs others have said, there are far more couples looking to adopt babies than there are babies. That doesn't solve the older kids in the system but there's hardly an alternative as you can't force couples to take in teenagers. \nI think advocating for proper sexual education, preferably from parents, but in any capacity will do as long as it is effective. Valuing abstaining from sex until you're in a committed relationship at least is a great way to prevent future children going into the system.",
">\n\nWell maybe not abstaining but responsible sex lol. But I catch your point."
] |
>
Self centered is a strange way to look at it. Idk how old you are but pretty much all my friends/co workers/ family get pregnant on accident. I think if you adopt you’ve already got your shit together, as in own your house, your comfortable in your career, and your just spirituality ready. But for 99% of people you’ll never feel “ready.” You grow up with your kids, it’s a part of life you know | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it.",
">\n\nAgain, I haven’t done it so I have not experienced it. \nCan I ask if you’ve ever have or currently feel, that you would happily die for your partner? \nAdditionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological.",
">\n\nhmmmmmm yeah I would die for my wife if I had to. But that one is more out of a sense of duty than anything. I never felt even remotely that way about anyone else. \nI think you're overestimating how much of our reproductive instinct is learned versus how much of it is inherited. Human beings crave their own biologic children because of how their brains are wired. Not because someone told them so. Which is really the point I was trying to make. \nYes you can fall in love with your friends and what not. Some can anyway. But most average people only feel this way for a select group of people. Usually their immediate family, significant other, and more so than anything children.",
">\n\nThanks for the reply. I think I need to research biological drivers in humans related to our offspring. I’m sure I won’t have trouble finding literature on the topic.",
">\n\nI do not know about you but I don’t have an extra 50k",
">\n\nIt's cheaper if you import them though.",
">\n\nWould it not be better for society to promote sex education, access to birth control, and abortion to help stem the flow of orphaned children? This way it 'solves' the problem before it occurs or at least lessens it?",
">\n\nI agree that sex education, along with other education for societal ills, is important. I think it’s important but not an answer to my question/view.",
">\n\nThere are \"only\" around 100,000 children waiting to be adopted in the USA, which is statistically irrelevant. Certainly not enough to maintain population growth. Promoting adoption over natural birth is only one option - why not promote adoption alongside birth? Or better fund state care and solutions for collectivist raising of these children?",
">\n\nThe actual amount to adoptable children is definitely relevant. Nevertheless, shouldn’t society put more value in adoption over having a biological child? I conceded population growth as a fact/issue in my OP.",
">\n\nLike I feel you need to look at the numbers 100k are up for adoption thats a piddly 2.5% of the ~4million babies a year we have up to 2 million families waiting to adopt a baby. Your really missing the supply of adoptable babies. Litterly 20x the number of babies available are desired for adaption...\nNow if you look at the older kids that's it's own mess why buy into a likely overly taxing situation if you can have your own non traumatized kids.",
">\n\nIn other words, you want us to raise the children of people who do not agree with that sentiment.",
">\n\nI think the benefit that these children would receive certainly outweighs bothering to consider the biological parents viewpoints. I truly think their view is irrelevant.",
">\n\nBe the change man, don’t procreate. Adopt. I on the other hand don’t want to.",
">\n\nThere is already way more demand for new born adoptions than there are babies to be adopted. Adopting a new born when you can have your own children is really just taking away that option for a couple that may not otherwise be able to have children. The children that need adoptions tend to be older children that often have issues that need special attention. For the right kind of person adopting those children would be great, but I disagree that the average parent should consider this over having their own children.",
">\n\nThe numbers are definitely low but around 10% of kids up for adoption never get adopted. That’s quite a lot of kids turning 18 in foster care without parental love, guidance and support.",
">\n\nI agree it would be better if those kids could find loving homes, I just don't think society should be encouraging everyone to adopt instead of have their own children. If the children have special needs they should be matched with parents that can provide that. There's lots of stories of parents adopting older children and realizing they were in over their heads and even returning the children to foster care. Imo that's worse than if they were never adopted in the first place.",
">\n\nAs others have said, there are far more couples looking to adopt babies than there are babies. That doesn't solve the older kids in the system but there's hardly an alternative as you can't force couples to take in teenagers. \nI think advocating for proper sexual education, preferably from parents, but in any capacity will do as long as it is effective. Valuing abstaining from sex until you're in a committed relationship at least is a great way to prevent future children going into the system.",
">\n\nWell maybe not abstaining but responsible sex lol. But I catch your point.",
">\n\nResponsible sex would be a viable option if all these kids would practice it lol"
] |
>
This is 100% true. I’m in my mid-thirties with a stable career. I just don’t feel “ready” yet. If it was an “accident” and my partner and I were having a baby, I’d be alright (lol I like to hope so). | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it.",
">\n\nAgain, I haven’t done it so I have not experienced it. \nCan I ask if you’ve ever have or currently feel, that you would happily die for your partner? \nAdditionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological.",
">\n\nhmmmmmm yeah I would die for my wife if I had to. But that one is more out of a sense of duty than anything. I never felt even remotely that way about anyone else. \nI think you're overestimating how much of our reproductive instinct is learned versus how much of it is inherited. Human beings crave their own biologic children because of how their brains are wired. Not because someone told them so. Which is really the point I was trying to make. \nYes you can fall in love with your friends and what not. Some can anyway. But most average people only feel this way for a select group of people. Usually their immediate family, significant other, and more so than anything children.",
">\n\nThanks for the reply. I think I need to research biological drivers in humans related to our offspring. I’m sure I won’t have trouble finding literature on the topic.",
">\n\nI do not know about you but I don’t have an extra 50k",
">\n\nIt's cheaper if you import them though.",
">\n\nWould it not be better for society to promote sex education, access to birth control, and abortion to help stem the flow of orphaned children? This way it 'solves' the problem before it occurs or at least lessens it?",
">\n\nI agree that sex education, along with other education for societal ills, is important. I think it’s important but not an answer to my question/view.",
">\n\nThere are \"only\" around 100,000 children waiting to be adopted in the USA, which is statistically irrelevant. Certainly not enough to maintain population growth. Promoting adoption over natural birth is only one option - why not promote adoption alongside birth? Or better fund state care and solutions for collectivist raising of these children?",
">\n\nThe actual amount to adoptable children is definitely relevant. Nevertheless, shouldn’t society put more value in adoption over having a biological child? I conceded population growth as a fact/issue in my OP.",
">\n\nLike I feel you need to look at the numbers 100k are up for adoption thats a piddly 2.5% of the ~4million babies a year we have up to 2 million families waiting to adopt a baby. Your really missing the supply of adoptable babies. Litterly 20x the number of babies available are desired for adaption...\nNow if you look at the older kids that's it's own mess why buy into a likely overly taxing situation if you can have your own non traumatized kids.",
">\n\nIn other words, you want us to raise the children of people who do not agree with that sentiment.",
">\n\nI think the benefit that these children would receive certainly outweighs bothering to consider the biological parents viewpoints. I truly think their view is irrelevant.",
">\n\nBe the change man, don’t procreate. Adopt. I on the other hand don’t want to.",
">\n\nThere is already way more demand for new born adoptions than there are babies to be adopted. Adopting a new born when you can have your own children is really just taking away that option for a couple that may not otherwise be able to have children. The children that need adoptions tend to be older children that often have issues that need special attention. For the right kind of person adopting those children would be great, but I disagree that the average parent should consider this over having their own children.",
">\n\nThe numbers are definitely low but around 10% of kids up for adoption never get adopted. That’s quite a lot of kids turning 18 in foster care without parental love, guidance and support.",
">\n\nI agree it would be better if those kids could find loving homes, I just don't think society should be encouraging everyone to adopt instead of have their own children. If the children have special needs they should be matched with parents that can provide that. There's lots of stories of parents adopting older children and realizing they were in over their heads and even returning the children to foster care. Imo that's worse than if they were never adopted in the first place.",
">\n\nAs others have said, there are far more couples looking to adopt babies than there are babies. That doesn't solve the older kids in the system but there's hardly an alternative as you can't force couples to take in teenagers. \nI think advocating for proper sexual education, preferably from parents, but in any capacity will do as long as it is effective. Valuing abstaining from sex until you're in a committed relationship at least is a great way to prevent future children going into the system.",
">\n\nWell maybe not abstaining but responsible sex lol. But I catch your point.",
">\n\nResponsible sex would be a viable option if all these kids would practice it lol",
">\n\nSelf centered is a strange way to look at it. Idk how old you are but pretty much all my friends/co workers/ family get pregnant on accident. I think if you adopt you’ve already got your shit together, as in own your house, your comfortable in your career, and your just spirituality ready. But for 99% of people you’ll never feel “ready.” You grow up with your kids, it’s a part of life you know"
] |
>
It’s a myth that there are many adoptable infants “in need of a home”.
While there are a larger number of adoptable children, the vast majority of the population of adoptable children consists of children with physical/medical/mental disabilities, sibling groups, older children, and children for whom open adoption or contact with parents is preferred/recommended. These are not adoptions most adoptive parents are looking for, due both to the socialized expectations prospective parents have about what a parent-child relationship looks like and in some cases due to just capacity to manage additional needs.
The US has a “domestic supply issue” when it comes to adoptable infants. Some estimates suggest there are 20 applicant parents for every one adoptable infant birth - it’s highly competitive already so it’s hard to argue that there ought to be more people adopting.
The suggestion that people adopt these non-newborn kids should be well taken. It’s obviously tragic that some kids remain in foster/residential care until they “age out”. But even if all of those kids are adopted and continued to be adopted, that doesn’t represent a large population of the total child population.
There are about 3.5m births each year in the US - there are about 100,000 adoptable children, the math just doesn’t math. Even with 3.5m live births, we still face concerns about an aging population and a relatively low birth rate. If anything, more people need to reproduce to ensure there are enough young people in our society.
It sounds like a nice sentiment but adoption and biological parenting are neither mutually exclusive or interchangeable - there are nowwhere near the numbers of adoptable children as there are presently live births. None of these even begins to touch on the issues with adoption, particularly adoption trauma, the power dynamics of adoption, coercion, classism, racism, and misogyny in adoption, the role of Christian evangelism in adoption, and all of that times 100 with international adoption. Adoption (as practiced in the US) is not even necessarily a good solution for adoptable kids, never mind as a whole. | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it.",
">\n\nAgain, I haven’t done it so I have not experienced it. \nCan I ask if you’ve ever have or currently feel, that you would happily die for your partner? \nAdditionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological.",
">\n\nhmmmmmm yeah I would die for my wife if I had to. But that one is more out of a sense of duty than anything. I never felt even remotely that way about anyone else. \nI think you're overestimating how much of our reproductive instinct is learned versus how much of it is inherited. Human beings crave their own biologic children because of how their brains are wired. Not because someone told them so. Which is really the point I was trying to make. \nYes you can fall in love with your friends and what not. Some can anyway. But most average people only feel this way for a select group of people. Usually their immediate family, significant other, and more so than anything children.",
">\n\nThanks for the reply. I think I need to research biological drivers in humans related to our offspring. I’m sure I won’t have trouble finding literature on the topic.",
">\n\nI do not know about you but I don’t have an extra 50k",
">\n\nIt's cheaper if you import them though.",
">\n\nWould it not be better for society to promote sex education, access to birth control, and abortion to help stem the flow of orphaned children? This way it 'solves' the problem before it occurs or at least lessens it?",
">\n\nI agree that sex education, along with other education for societal ills, is important. I think it’s important but not an answer to my question/view.",
">\n\nThere are \"only\" around 100,000 children waiting to be adopted in the USA, which is statistically irrelevant. Certainly not enough to maintain population growth. Promoting adoption over natural birth is only one option - why not promote adoption alongside birth? Or better fund state care and solutions for collectivist raising of these children?",
">\n\nThe actual amount to adoptable children is definitely relevant. Nevertheless, shouldn’t society put more value in adoption over having a biological child? I conceded population growth as a fact/issue in my OP.",
">\n\nLike I feel you need to look at the numbers 100k are up for adoption thats a piddly 2.5% of the ~4million babies a year we have up to 2 million families waiting to adopt a baby. Your really missing the supply of adoptable babies. Litterly 20x the number of babies available are desired for adaption...\nNow if you look at the older kids that's it's own mess why buy into a likely overly taxing situation if you can have your own non traumatized kids.",
">\n\nIn other words, you want us to raise the children of people who do not agree with that sentiment.",
">\n\nI think the benefit that these children would receive certainly outweighs bothering to consider the biological parents viewpoints. I truly think their view is irrelevant.",
">\n\nBe the change man, don’t procreate. Adopt. I on the other hand don’t want to.",
">\n\nThere is already way more demand for new born adoptions than there are babies to be adopted. Adopting a new born when you can have your own children is really just taking away that option for a couple that may not otherwise be able to have children. The children that need adoptions tend to be older children that often have issues that need special attention. For the right kind of person adopting those children would be great, but I disagree that the average parent should consider this over having their own children.",
">\n\nThe numbers are definitely low but around 10% of kids up for adoption never get adopted. That’s quite a lot of kids turning 18 in foster care without parental love, guidance and support.",
">\n\nI agree it would be better if those kids could find loving homes, I just don't think society should be encouraging everyone to adopt instead of have their own children. If the children have special needs they should be matched with parents that can provide that. There's lots of stories of parents adopting older children and realizing they were in over their heads and even returning the children to foster care. Imo that's worse than if they were never adopted in the first place.",
">\n\nAs others have said, there are far more couples looking to adopt babies than there are babies. That doesn't solve the older kids in the system but there's hardly an alternative as you can't force couples to take in teenagers. \nI think advocating for proper sexual education, preferably from parents, but in any capacity will do as long as it is effective. Valuing abstaining from sex until you're in a committed relationship at least is a great way to prevent future children going into the system.",
">\n\nWell maybe not abstaining but responsible sex lol. But I catch your point.",
">\n\nResponsible sex would be a viable option if all these kids would practice it lol",
">\n\nSelf centered is a strange way to look at it. Idk how old you are but pretty much all my friends/co workers/ family get pregnant on accident. I think if you adopt you’ve already got your shit together, as in own your house, your comfortable in your career, and your just spirituality ready. But for 99% of people you’ll never feel “ready.” You grow up with your kids, it’s a part of life you know",
">\n\nThis is 100% true. I’m in my mid-thirties with a stable career. I just don’t feel “ready” yet. If it was an “accident” and my partner and I were having a baby, I’d be alright (lol I like to hope so)."
] |
>
Although there are valid pragmatic concerns around adoption, I don't think this is best treated as an issue of virtue. People should not get "social points" for adopting a child. It's a roundabout way of saying that an adopted child is inherently more "defective" than other children. | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it.",
">\n\nAgain, I haven’t done it so I have not experienced it. \nCan I ask if you’ve ever have or currently feel, that you would happily die for your partner? \nAdditionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological.",
">\n\nhmmmmmm yeah I would die for my wife if I had to. But that one is more out of a sense of duty than anything. I never felt even remotely that way about anyone else. \nI think you're overestimating how much of our reproductive instinct is learned versus how much of it is inherited. Human beings crave their own biologic children because of how their brains are wired. Not because someone told them so. Which is really the point I was trying to make. \nYes you can fall in love with your friends and what not. Some can anyway. But most average people only feel this way for a select group of people. Usually their immediate family, significant other, and more so than anything children.",
">\n\nThanks for the reply. I think I need to research biological drivers in humans related to our offspring. I’m sure I won’t have trouble finding literature on the topic.",
">\n\nI do not know about you but I don’t have an extra 50k",
">\n\nIt's cheaper if you import them though.",
">\n\nWould it not be better for society to promote sex education, access to birth control, and abortion to help stem the flow of orphaned children? This way it 'solves' the problem before it occurs or at least lessens it?",
">\n\nI agree that sex education, along with other education for societal ills, is important. I think it’s important but not an answer to my question/view.",
">\n\nThere are \"only\" around 100,000 children waiting to be adopted in the USA, which is statistically irrelevant. Certainly not enough to maintain population growth. Promoting adoption over natural birth is only one option - why not promote adoption alongside birth? Or better fund state care and solutions for collectivist raising of these children?",
">\n\nThe actual amount to adoptable children is definitely relevant. Nevertheless, shouldn’t society put more value in adoption over having a biological child? I conceded population growth as a fact/issue in my OP.",
">\n\nLike I feel you need to look at the numbers 100k are up for adoption thats a piddly 2.5% of the ~4million babies a year we have up to 2 million families waiting to adopt a baby. Your really missing the supply of adoptable babies. Litterly 20x the number of babies available are desired for adaption...\nNow if you look at the older kids that's it's own mess why buy into a likely overly taxing situation if you can have your own non traumatized kids.",
">\n\nIn other words, you want us to raise the children of people who do not agree with that sentiment.",
">\n\nI think the benefit that these children would receive certainly outweighs bothering to consider the biological parents viewpoints. I truly think their view is irrelevant.",
">\n\nBe the change man, don’t procreate. Adopt. I on the other hand don’t want to.",
">\n\nThere is already way more demand for new born adoptions than there are babies to be adopted. Adopting a new born when you can have your own children is really just taking away that option for a couple that may not otherwise be able to have children. The children that need adoptions tend to be older children that often have issues that need special attention. For the right kind of person adopting those children would be great, but I disagree that the average parent should consider this over having their own children.",
">\n\nThe numbers are definitely low but around 10% of kids up for adoption never get adopted. That’s quite a lot of kids turning 18 in foster care without parental love, guidance and support.",
">\n\nI agree it would be better if those kids could find loving homes, I just don't think society should be encouraging everyone to adopt instead of have their own children. If the children have special needs they should be matched with parents that can provide that. There's lots of stories of parents adopting older children and realizing they were in over their heads and even returning the children to foster care. Imo that's worse than if they were never adopted in the first place.",
">\n\nAs others have said, there are far more couples looking to adopt babies than there are babies. That doesn't solve the older kids in the system but there's hardly an alternative as you can't force couples to take in teenagers. \nI think advocating for proper sexual education, preferably from parents, but in any capacity will do as long as it is effective. Valuing abstaining from sex until you're in a committed relationship at least is a great way to prevent future children going into the system.",
">\n\nWell maybe not abstaining but responsible sex lol. But I catch your point.",
">\n\nResponsible sex would be a viable option if all these kids would practice it lol",
">\n\nSelf centered is a strange way to look at it. Idk how old you are but pretty much all my friends/co workers/ family get pregnant on accident. I think if you adopt you’ve already got your shit together, as in own your house, your comfortable in your career, and your just spirituality ready. But for 99% of people you’ll never feel “ready.” You grow up with your kids, it’s a part of life you know",
">\n\nThis is 100% true. I’m in my mid-thirties with a stable career. I just don’t feel “ready” yet. If it was an “accident” and my partner and I were having a baby, I’d be alright (lol I like to hope so).",
">\n\nIt’s a myth that there are many adoptable infants “in need of a home”. \nWhile there are a larger number of adoptable children, the vast majority of the population of adoptable children consists of children with physical/medical/mental disabilities, sibling groups, older children, and children for whom open adoption or contact with parents is preferred/recommended. These are not adoptions most adoptive parents are looking for, due both to the socialized expectations prospective parents have about what a parent-child relationship looks like and in some cases due to just capacity to manage additional needs.\nThe US has a “domestic supply issue” when it comes to adoptable infants. Some estimates suggest there are 20 applicant parents for every one adoptable infant birth - it’s highly competitive already so it’s hard to argue that there ought to be more people adopting. \nThe suggestion that people adopt these non-newborn kids should be well taken. It’s obviously tragic that some kids remain in foster/residential care until they “age out”. But even if all of those kids are adopted and continued to be adopted, that doesn’t represent a large population of the total child population. \nThere are about 3.5m births each year in the US - there are about 100,000 adoptable children, the math just doesn’t math. Even with 3.5m live births, we still face concerns about an aging population and a relatively low birth rate. If anything, more people need to reproduce to ensure there are enough young people in our society.\nIt sounds like a nice sentiment but adoption and biological parenting are neither mutually exclusive or interchangeable - there are nowwhere near the numbers of adoptable children as there are presently live births. None of these even begins to touch on the issues with adoption, particularly adoption trauma, the power dynamics of adoption, coercion, classism, racism, and misogyny in adoption, the role of Christian evangelism in adoption, and all of that times 100 with international adoption. Adoption (as practiced in the US) is not even necessarily a good solution for adoptable kids, never mind as a whole."
] |
>
While I agree, I don't think you understand how difficult adopting can be. Many countries have what are called morality clauses when it comes to adopting. What does this mean? Well, if they don't "morally" agree with your lifestyle, they can veto your adoption while keeping the money you paid. Basically, if you're not the right religion, race, political leanings, sexual orientation, they will tell you no. Some countries, if you've ever had depression or anxiety of any form, will automatically disqualify you. Even if it was just temporary or is easily controlled with medication. Some countries will not allow you to adopt babies unless they have special needs such as ASD, Down syndrome, etc. And if you adopt older, it's a good chance the child will still have severe issues, and not every parent is capable of handling that. And let's not get started on the questionable legality and morality of some adoptions. Adopting isn't a cut and dry thing, and it can actually be extremely difficult to near impossible. Not to mention how expensive it is that the person could end up paying all that money, time, and heartache to be denied in the end. And you're not getting that money back. | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it.",
">\n\nAgain, I haven’t done it so I have not experienced it. \nCan I ask if you’ve ever have or currently feel, that you would happily die for your partner? \nAdditionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological.",
">\n\nhmmmmmm yeah I would die for my wife if I had to. But that one is more out of a sense of duty than anything. I never felt even remotely that way about anyone else. \nI think you're overestimating how much of our reproductive instinct is learned versus how much of it is inherited. Human beings crave their own biologic children because of how their brains are wired. Not because someone told them so. Which is really the point I was trying to make. \nYes you can fall in love with your friends and what not. Some can anyway. But most average people only feel this way for a select group of people. Usually their immediate family, significant other, and more so than anything children.",
">\n\nThanks for the reply. I think I need to research biological drivers in humans related to our offspring. I’m sure I won’t have trouble finding literature on the topic.",
">\n\nI do not know about you but I don’t have an extra 50k",
">\n\nIt's cheaper if you import them though.",
">\n\nWould it not be better for society to promote sex education, access to birth control, and abortion to help stem the flow of orphaned children? This way it 'solves' the problem before it occurs or at least lessens it?",
">\n\nI agree that sex education, along with other education for societal ills, is important. I think it’s important but not an answer to my question/view.",
">\n\nThere are \"only\" around 100,000 children waiting to be adopted in the USA, which is statistically irrelevant. Certainly not enough to maintain population growth. Promoting adoption over natural birth is only one option - why not promote adoption alongside birth? Or better fund state care and solutions for collectivist raising of these children?",
">\n\nThe actual amount to adoptable children is definitely relevant. Nevertheless, shouldn’t society put more value in adoption over having a biological child? I conceded population growth as a fact/issue in my OP.",
">\n\nLike I feel you need to look at the numbers 100k are up for adoption thats a piddly 2.5% of the ~4million babies a year we have up to 2 million families waiting to adopt a baby. Your really missing the supply of adoptable babies. Litterly 20x the number of babies available are desired for adaption...\nNow if you look at the older kids that's it's own mess why buy into a likely overly taxing situation if you can have your own non traumatized kids.",
">\n\nIn other words, you want us to raise the children of people who do not agree with that sentiment.",
">\n\nI think the benefit that these children would receive certainly outweighs bothering to consider the biological parents viewpoints. I truly think their view is irrelevant.",
">\n\nBe the change man, don’t procreate. Adopt. I on the other hand don’t want to.",
">\n\nThere is already way more demand for new born adoptions than there are babies to be adopted. Adopting a new born when you can have your own children is really just taking away that option for a couple that may not otherwise be able to have children. The children that need adoptions tend to be older children that often have issues that need special attention. For the right kind of person adopting those children would be great, but I disagree that the average parent should consider this over having their own children.",
">\n\nThe numbers are definitely low but around 10% of kids up for adoption never get adopted. That’s quite a lot of kids turning 18 in foster care without parental love, guidance and support.",
">\n\nI agree it would be better if those kids could find loving homes, I just don't think society should be encouraging everyone to adopt instead of have their own children. If the children have special needs they should be matched with parents that can provide that. There's lots of stories of parents adopting older children and realizing they were in over their heads and even returning the children to foster care. Imo that's worse than if they were never adopted in the first place.",
">\n\nAs others have said, there are far more couples looking to adopt babies than there are babies. That doesn't solve the older kids in the system but there's hardly an alternative as you can't force couples to take in teenagers. \nI think advocating for proper sexual education, preferably from parents, but in any capacity will do as long as it is effective. Valuing abstaining from sex until you're in a committed relationship at least is a great way to prevent future children going into the system.",
">\n\nWell maybe not abstaining but responsible sex lol. But I catch your point.",
">\n\nResponsible sex would be a viable option if all these kids would practice it lol",
">\n\nSelf centered is a strange way to look at it. Idk how old you are but pretty much all my friends/co workers/ family get pregnant on accident. I think if you adopt you’ve already got your shit together, as in own your house, your comfortable in your career, and your just spirituality ready. But for 99% of people you’ll never feel “ready.” You grow up with your kids, it’s a part of life you know",
">\n\nThis is 100% true. I’m in my mid-thirties with a stable career. I just don’t feel “ready” yet. If it was an “accident” and my partner and I were having a baby, I’d be alright (lol I like to hope so).",
">\n\nIt’s a myth that there are many adoptable infants “in need of a home”. \nWhile there are a larger number of adoptable children, the vast majority of the population of adoptable children consists of children with physical/medical/mental disabilities, sibling groups, older children, and children for whom open adoption or contact with parents is preferred/recommended. These are not adoptions most adoptive parents are looking for, due both to the socialized expectations prospective parents have about what a parent-child relationship looks like and in some cases due to just capacity to manage additional needs.\nThe US has a “domestic supply issue” when it comes to adoptable infants. Some estimates suggest there are 20 applicant parents for every one adoptable infant birth - it’s highly competitive already so it’s hard to argue that there ought to be more people adopting. \nThe suggestion that people adopt these non-newborn kids should be well taken. It’s obviously tragic that some kids remain in foster/residential care until they “age out”. But even if all of those kids are adopted and continued to be adopted, that doesn’t represent a large population of the total child population. \nThere are about 3.5m births each year in the US - there are about 100,000 adoptable children, the math just doesn’t math. Even with 3.5m live births, we still face concerns about an aging population and a relatively low birth rate. If anything, more people need to reproduce to ensure there are enough young people in our society.\nIt sounds like a nice sentiment but adoption and biological parenting are neither mutually exclusive or interchangeable - there are nowwhere near the numbers of adoptable children as there are presently live births. None of these even begins to touch on the issues with adoption, particularly adoption trauma, the power dynamics of adoption, coercion, classism, racism, and misogyny in adoption, the role of Christian evangelism in adoption, and all of that times 100 with international adoption. Adoption (as practiced in the US) is not even necessarily a good solution for adoptable kids, never mind as a whole.",
">\n\nAlthough there are valid pragmatic concerns around adoption, I don't think this is best treated as an issue of virtue. People should not get \"social points\" for adopting a child. It's a roundabout way of saying that an adopted child is inherently more \"defective\" than other children."
] |
>
These are good points. Definitely spells out other’s theme of the pure difficulty of adoption.
I wasn’t aware of the degree of bigoted determinations for adoption. While society can pressure you regarding an interracial baby, they can’t really (unless you’re in some really messed up places) stop you from bumping uglies. | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it.",
">\n\nAgain, I haven’t done it so I have not experienced it. \nCan I ask if you’ve ever have or currently feel, that you would happily die for your partner? \nAdditionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological.",
">\n\nhmmmmmm yeah I would die for my wife if I had to. But that one is more out of a sense of duty than anything. I never felt even remotely that way about anyone else. \nI think you're overestimating how much of our reproductive instinct is learned versus how much of it is inherited. Human beings crave their own biologic children because of how their brains are wired. Not because someone told them so. Which is really the point I was trying to make. \nYes you can fall in love with your friends and what not. Some can anyway. But most average people only feel this way for a select group of people. Usually their immediate family, significant other, and more so than anything children.",
">\n\nThanks for the reply. I think I need to research biological drivers in humans related to our offspring. I’m sure I won’t have trouble finding literature on the topic.",
">\n\nI do not know about you but I don’t have an extra 50k",
">\n\nIt's cheaper if you import them though.",
">\n\nWould it not be better for society to promote sex education, access to birth control, and abortion to help stem the flow of orphaned children? This way it 'solves' the problem before it occurs or at least lessens it?",
">\n\nI agree that sex education, along with other education for societal ills, is important. I think it’s important but not an answer to my question/view.",
">\n\nThere are \"only\" around 100,000 children waiting to be adopted in the USA, which is statistically irrelevant. Certainly not enough to maintain population growth. Promoting adoption over natural birth is only one option - why not promote adoption alongside birth? Or better fund state care and solutions for collectivist raising of these children?",
">\n\nThe actual amount to adoptable children is definitely relevant. Nevertheless, shouldn’t society put more value in adoption over having a biological child? I conceded population growth as a fact/issue in my OP.",
">\n\nLike I feel you need to look at the numbers 100k are up for adoption thats a piddly 2.5% of the ~4million babies a year we have up to 2 million families waiting to adopt a baby. Your really missing the supply of adoptable babies. Litterly 20x the number of babies available are desired for adaption...\nNow if you look at the older kids that's it's own mess why buy into a likely overly taxing situation if you can have your own non traumatized kids.",
">\n\nIn other words, you want us to raise the children of people who do not agree with that sentiment.",
">\n\nI think the benefit that these children would receive certainly outweighs bothering to consider the biological parents viewpoints. I truly think their view is irrelevant.",
">\n\nBe the change man, don’t procreate. Adopt. I on the other hand don’t want to.",
">\n\nThere is already way more demand for new born adoptions than there are babies to be adopted. Adopting a new born when you can have your own children is really just taking away that option for a couple that may not otherwise be able to have children. The children that need adoptions tend to be older children that often have issues that need special attention. For the right kind of person adopting those children would be great, but I disagree that the average parent should consider this over having their own children.",
">\n\nThe numbers are definitely low but around 10% of kids up for adoption never get adopted. That’s quite a lot of kids turning 18 in foster care without parental love, guidance and support.",
">\n\nI agree it would be better if those kids could find loving homes, I just don't think society should be encouraging everyone to adopt instead of have their own children. If the children have special needs they should be matched with parents that can provide that. There's lots of stories of parents adopting older children and realizing they were in over their heads and even returning the children to foster care. Imo that's worse than if they were never adopted in the first place.",
">\n\nAs others have said, there are far more couples looking to adopt babies than there are babies. That doesn't solve the older kids in the system but there's hardly an alternative as you can't force couples to take in teenagers. \nI think advocating for proper sexual education, preferably from parents, but in any capacity will do as long as it is effective. Valuing abstaining from sex until you're in a committed relationship at least is a great way to prevent future children going into the system.",
">\n\nWell maybe not abstaining but responsible sex lol. But I catch your point.",
">\n\nResponsible sex would be a viable option if all these kids would practice it lol",
">\n\nSelf centered is a strange way to look at it. Idk how old you are but pretty much all my friends/co workers/ family get pregnant on accident. I think if you adopt you’ve already got your shit together, as in own your house, your comfortable in your career, and your just spirituality ready. But for 99% of people you’ll never feel “ready.” You grow up with your kids, it’s a part of life you know",
">\n\nThis is 100% true. I’m in my mid-thirties with a stable career. I just don’t feel “ready” yet. If it was an “accident” and my partner and I were having a baby, I’d be alright (lol I like to hope so).",
">\n\nIt’s a myth that there are many adoptable infants “in need of a home”. \nWhile there are a larger number of adoptable children, the vast majority of the population of adoptable children consists of children with physical/medical/mental disabilities, sibling groups, older children, and children for whom open adoption or contact with parents is preferred/recommended. These are not adoptions most adoptive parents are looking for, due both to the socialized expectations prospective parents have about what a parent-child relationship looks like and in some cases due to just capacity to manage additional needs.\nThe US has a “domestic supply issue” when it comes to adoptable infants. Some estimates suggest there are 20 applicant parents for every one adoptable infant birth - it’s highly competitive already so it’s hard to argue that there ought to be more people adopting. \nThe suggestion that people adopt these non-newborn kids should be well taken. It’s obviously tragic that some kids remain in foster/residential care until they “age out”. But even if all of those kids are adopted and continued to be adopted, that doesn’t represent a large population of the total child population. \nThere are about 3.5m births each year in the US - there are about 100,000 adoptable children, the math just doesn’t math. Even with 3.5m live births, we still face concerns about an aging population and a relatively low birth rate. If anything, more people need to reproduce to ensure there are enough young people in our society.\nIt sounds like a nice sentiment but adoption and biological parenting are neither mutually exclusive or interchangeable - there are nowwhere near the numbers of adoptable children as there are presently live births. None of these even begins to touch on the issues with adoption, particularly adoption trauma, the power dynamics of adoption, coercion, classism, racism, and misogyny in adoption, the role of Christian evangelism in adoption, and all of that times 100 with international adoption. Adoption (as practiced in the US) is not even necessarily a good solution for adoptable kids, never mind as a whole.",
">\n\nAlthough there are valid pragmatic concerns around adoption, I don't think this is best treated as an issue of virtue. People should not get \"social points\" for adopting a child. It's a roundabout way of saying that an adopted child is inherently more \"defective\" than other children.",
">\n\nWhile I agree, I don't think you understand how difficult adopting can be. Many countries have what are called morality clauses when it comes to adopting. What does this mean? Well, if they don't \"morally\" agree with your lifestyle, they can veto your adoption while keeping the money you paid. Basically, if you're not the right religion, race, political leanings, sexual orientation, they will tell you no. Some countries, if you've ever had depression or anxiety of any form, will automatically disqualify you. Even if it was just temporary or is easily controlled with medication. Some countries will not allow you to adopt babies unless they have special needs such as ASD, Down syndrome, etc. And if you adopt older, it's a good chance the child will still have severe issues, and not every parent is capable of handling that. And let's not get started on the questionable legality and morality of some adoptions. Adopting isn't a cut and dry thing, and it can actually be extremely difficult to near impossible. Not to mention how expensive it is that the person could end up paying all that money, time, and heartache to be denied in the end. And you're not getting that money back."
] |
>
Nope, they can't, and yes, there is a lot of bigotry when it comes to adoption. It's really sad because you would think what these countries would care more about a child having a loving home. | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it.",
">\n\nAgain, I haven’t done it so I have not experienced it. \nCan I ask if you’ve ever have or currently feel, that you would happily die for your partner? \nAdditionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological.",
">\n\nhmmmmmm yeah I would die for my wife if I had to. But that one is more out of a sense of duty than anything. I never felt even remotely that way about anyone else. \nI think you're overestimating how much of our reproductive instinct is learned versus how much of it is inherited. Human beings crave their own biologic children because of how their brains are wired. Not because someone told them so. Which is really the point I was trying to make. \nYes you can fall in love with your friends and what not. Some can anyway. But most average people only feel this way for a select group of people. Usually their immediate family, significant other, and more so than anything children.",
">\n\nThanks for the reply. I think I need to research biological drivers in humans related to our offspring. I’m sure I won’t have trouble finding literature on the topic.",
">\n\nI do not know about you but I don’t have an extra 50k",
">\n\nIt's cheaper if you import them though.",
">\n\nWould it not be better for society to promote sex education, access to birth control, and abortion to help stem the flow of orphaned children? This way it 'solves' the problem before it occurs or at least lessens it?",
">\n\nI agree that sex education, along with other education for societal ills, is important. I think it’s important but not an answer to my question/view.",
">\n\nThere are \"only\" around 100,000 children waiting to be adopted in the USA, which is statistically irrelevant. Certainly not enough to maintain population growth. Promoting adoption over natural birth is only one option - why not promote adoption alongside birth? Or better fund state care and solutions for collectivist raising of these children?",
">\n\nThe actual amount to adoptable children is definitely relevant. Nevertheless, shouldn’t society put more value in adoption over having a biological child? I conceded population growth as a fact/issue in my OP.",
">\n\nLike I feel you need to look at the numbers 100k are up for adoption thats a piddly 2.5% of the ~4million babies a year we have up to 2 million families waiting to adopt a baby. Your really missing the supply of adoptable babies. Litterly 20x the number of babies available are desired for adaption...\nNow if you look at the older kids that's it's own mess why buy into a likely overly taxing situation if you can have your own non traumatized kids.",
">\n\nIn other words, you want us to raise the children of people who do not agree with that sentiment.",
">\n\nI think the benefit that these children would receive certainly outweighs bothering to consider the biological parents viewpoints. I truly think their view is irrelevant.",
">\n\nBe the change man, don’t procreate. Adopt. I on the other hand don’t want to.",
">\n\nThere is already way more demand for new born adoptions than there are babies to be adopted. Adopting a new born when you can have your own children is really just taking away that option for a couple that may not otherwise be able to have children. The children that need adoptions tend to be older children that often have issues that need special attention. For the right kind of person adopting those children would be great, but I disagree that the average parent should consider this over having their own children.",
">\n\nThe numbers are definitely low but around 10% of kids up for adoption never get adopted. That’s quite a lot of kids turning 18 in foster care without parental love, guidance and support.",
">\n\nI agree it would be better if those kids could find loving homes, I just don't think society should be encouraging everyone to adopt instead of have their own children. If the children have special needs they should be matched with parents that can provide that. There's lots of stories of parents adopting older children and realizing they were in over their heads and even returning the children to foster care. Imo that's worse than if they were never adopted in the first place.",
">\n\nAs others have said, there are far more couples looking to adopt babies than there are babies. That doesn't solve the older kids in the system but there's hardly an alternative as you can't force couples to take in teenagers. \nI think advocating for proper sexual education, preferably from parents, but in any capacity will do as long as it is effective. Valuing abstaining from sex until you're in a committed relationship at least is a great way to prevent future children going into the system.",
">\n\nWell maybe not abstaining but responsible sex lol. But I catch your point.",
">\n\nResponsible sex would be a viable option if all these kids would practice it lol",
">\n\nSelf centered is a strange way to look at it. Idk how old you are but pretty much all my friends/co workers/ family get pregnant on accident. I think if you adopt you’ve already got your shit together, as in own your house, your comfortable in your career, and your just spirituality ready. But for 99% of people you’ll never feel “ready.” You grow up with your kids, it’s a part of life you know",
">\n\nThis is 100% true. I’m in my mid-thirties with a stable career. I just don’t feel “ready” yet. If it was an “accident” and my partner and I were having a baby, I’d be alright (lol I like to hope so).",
">\n\nIt’s a myth that there are many adoptable infants “in need of a home”. \nWhile there are a larger number of adoptable children, the vast majority of the population of adoptable children consists of children with physical/medical/mental disabilities, sibling groups, older children, and children for whom open adoption or contact with parents is preferred/recommended. These are not adoptions most adoptive parents are looking for, due both to the socialized expectations prospective parents have about what a parent-child relationship looks like and in some cases due to just capacity to manage additional needs.\nThe US has a “domestic supply issue” when it comes to adoptable infants. Some estimates suggest there are 20 applicant parents for every one adoptable infant birth - it’s highly competitive already so it’s hard to argue that there ought to be more people adopting. \nThe suggestion that people adopt these non-newborn kids should be well taken. It’s obviously tragic that some kids remain in foster/residential care until they “age out”. But even if all of those kids are adopted and continued to be adopted, that doesn’t represent a large population of the total child population. \nThere are about 3.5m births each year in the US - there are about 100,000 adoptable children, the math just doesn’t math. Even with 3.5m live births, we still face concerns about an aging population and a relatively low birth rate. If anything, more people need to reproduce to ensure there are enough young people in our society.\nIt sounds like a nice sentiment but adoption and biological parenting are neither mutually exclusive or interchangeable - there are nowwhere near the numbers of adoptable children as there are presently live births. None of these even begins to touch on the issues with adoption, particularly adoption trauma, the power dynamics of adoption, coercion, classism, racism, and misogyny in adoption, the role of Christian evangelism in adoption, and all of that times 100 with international adoption. Adoption (as practiced in the US) is not even necessarily a good solution for adoptable kids, never mind as a whole.",
">\n\nAlthough there are valid pragmatic concerns around adoption, I don't think this is best treated as an issue of virtue. People should not get \"social points\" for adopting a child. It's a roundabout way of saying that an adopted child is inherently more \"defective\" than other children.",
">\n\nWhile I agree, I don't think you understand how difficult adopting can be. Many countries have what are called morality clauses when it comes to adopting. What does this mean? Well, if they don't \"morally\" agree with your lifestyle, they can veto your adoption while keeping the money you paid. Basically, if you're not the right religion, race, political leanings, sexual orientation, they will tell you no. Some countries, if you've ever had depression or anxiety of any form, will automatically disqualify you. Even if it was just temporary or is easily controlled with medication. Some countries will not allow you to adopt babies unless they have special needs such as ASD, Down syndrome, etc. And if you adopt older, it's a good chance the child will still have severe issues, and not every parent is capable of handling that. And let's not get started on the questionable legality and morality of some adoptions. Adopting isn't a cut and dry thing, and it can actually be extremely difficult to near impossible. Not to mention how expensive it is that the person could end up paying all that money, time, and heartache to be denied in the end. And you're not getting that money back.",
">\n\nThese are good points. Definitely spells out other’s theme of the pure difficulty of adoption.\nI wasn’t aware of the degree of bigoted determinations for adoption. While society can pressure you regarding an interracial baby, they can’t really (unless you’re in some really messed up places) stop you from bumping uglies."
] |
>
Adoption is trauma. It is removing children from their biological families. A loss that follows them for life, even if they know their bio parents. Too many people think that by adopting newborns, the child will not have any trauma, but this is just wishful thinking on the adoptive parent's part. Social media and the adoption Reddit are full of adoptees talking about how much they lost by being adopted. Even the ones who had "good adoptions" struggle with feelings of abandonment, anger, identity-issues, loss, etc. Kids in foster care who are available for adoption have gone through even more trauma. As altruistic as it may seem to just tell people to adopt. The truth is, most people shouldn't. Adopting requires being trauma-informed, understanding, not jealous of the child's bio family, and willing to put the child's interests first. In a perfect world, we would have no need for adoption. It isn't a perfect world, so the least we can do is make sure that the people who are adopting children are doing it for the right reasons and in a way that causes the least amount of damage.
Warning: If you begin looking into adoptee voices, you will quickly discover that many believe adoption should only ever be a last resort, with legal guardianship and kinship placements being prioritized. | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it.",
">\n\nAgain, I haven’t done it so I have not experienced it. \nCan I ask if you’ve ever have or currently feel, that you would happily die for your partner? \nAdditionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological.",
">\n\nhmmmmmm yeah I would die for my wife if I had to. But that one is more out of a sense of duty than anything. I never felt even remotely that way about anyone else. \nI think you're overestimating how much of our reproductive instinct is learned versus how much of it is inherited. Human beings crave their own biologic children because of how their brains are wired. Not because someone told them so. Which is really the point I was trying to make. \nYes you can fall in love with your friends and what not. Some can anyway. But most average people only feel this way for a select group of people. Usually their immediate family, significant other, and more so than anything children.",
">\n\nThanks for the reply. I think I need to research biological drivers in humans related to our offspring. I’m sure I won’t have trouble finding literature on the topic.",
">\n\nI do not know about you but I don’t have an extra 50k",
">\n\nIt's cheaper if you import them though.",
">\n\nWould it not be better for society to promote sex education, access to birth control, and abortion to help stem the flow of orphaned children? This way it 'solves' the problem before it occurs or at least lessens it?",
">\n\nI agree that sex education, along with other education for societal ills, is important. I think it’s important but not an answer to my question/view.",
">\n\nThere are \"only\" around 100,000 children waiting to be adopted in the USA, which is statistically irrelevant. Certainly not enough to maintain population growth. Promoting adoption over natural birth is only one option - why not promote adoption alongside birth? Or better fund state care and solutions for collectivist raising of these children?",
">\n\nThe actual amount to adoptable children is definitely relevant. Nevertheless, shouldn’t society put more value in adoption over having a biological child? I conceded population growth as a fact/issue in my OP.",
">\n\nLike I feel you need to look at the numbers 100k are up for adoption thats a piddly 2.5% of the ~4million babies a year we have up to 2 million families waiting to adopt a baby. Your really missing the supply of adoptable babies. Litterly 20x the number of babies available are desired for adaption...\nNow if you look at the older kids that's it's own mess why buy into a likely overly taxing situation if you can have your own non traumatized kids.",
">\n\nIn other words, you want us to raise the children of people who do not agree with that sentiment.",
">\n\nI think the benefit that these children would receive certainly outweighs bothering to consider the biological parents viewpoints. I truly think their view is irrelevant.",
">\n\nBe the change man, don’t procreate. Adopt. I on the other hand don’t want to.",
">\n\nThere is already way more demand for new born adoptions than there are babies to be adopted. Adopting a new born when you can have your own children is really just taking away that option for a couple that may not otherwise be able to have children. The children that need adoptions tend to be older children that often have issues that need special attention. For the right kind of person adopting those children would be great, but I disagree that the average parent should consider this over having their own children.",
">\n\nThe numbers are definitely low but around 10% of kids up for adoption never get adopted. That’s quite a lot of kids turning 18 in foster care without parental love, guidance and support.",
">\n\nI agree it would be better if those kids could find loving homes, I just don't think society should be encouraging everyone to adopt instead of have their own children. If the children have special needs they should be matched with parents that can provide that. There's lots of stories of parents adopting older children and realizing they were in over their heads and even returning the children to foster care. Imo that's worse than if they were never adopted in the first place.",
">\n\nAs others have said, there are far more couples looking to adopt babies than there are babies. That doesn't solve the older kids in the system but there's hardly an alternative as you can't force couples to take in teenagers. \nI think advocating for proper sexual education, preferably from parents, but in any capacity will do as long as it is effective. Valuing abstaining from sex until you're in a committed relationship at least is a great way to prevent future children going into the system.",
">\n\nWell maybe not abstaining but responsible sex lol. But I catch your point.",
">\n\nResponsible sex would be a viable option if all these kids would practice it lol",
">\n\nSelf centered is a strange way to look at it. Idk how old you are but pretty much all my friends/co workers/ family get pregnant on accident. I think if you adopt you’ve already got your shit together, as in own your house, your comfortable in your career, and your just spirituality ready. But for 99% of people you’ll never feel “ready.” You grow up with your kids, it’s a part of life you know",
">\n\nThis is 100% true. I’m in my mid-thirties with a stable career. I just don’t feel “ready” yet. If it was an “accident” and my partner and I were having a baby, I’d be alright (lol I like to hope so).",
">\n\nIt’s a myth that there are many adoptable infants “in need of a home”. \nWhile there are a larger number of adoptable children, the vast majority of the population of adoptable children consists of children with physical/medical/mental disabilities, sibling groups, older children, and children for whom open adoption or contact with parents is preferred/recommended. These are not adoptions most adoptive parents are looking for, due both to the socialized expectations prospective parents have about what a parent-child relationship looks like and in some cases due to just capacity to manage additional needs.\nThe US has a “domestic supply issue” when it comes to adoptable infants. Some estimates suggest there are 20 applicant parents for every one adoptable infant birth - it’s highly competitive already so it’s hard to argue that there ought to be more people adopting. \nThe suggestion that people adopt these non-newborn kids should be well taken. It’s obviously tragic that some kids remain in foster/residential care until they “age out”. But even if all of those kids are adopted and continued to be adopted, that doesn’t represent a large population of the total child population. \nThere are about 3.5m births each year in the US - there are about 100,000 adoptable children, the math just doesn’t math. Even with 3.5m live births, we still face concerns about an aging population and a relatively low birth rate. If anything, more people need to reproduce to ensure there are enough young people in our society.\nIt sounds like a nice sentiment but adoption and biological parenting are neither mutually exclusive or interchangeable - there are nowwhere near the numbers of adoptable children as there are presently live births. None of these even begins to touch on the issues with adoption, particularly adoption trauma, the power dynamics of adoption, coercion, classism, racism, and misogyny in adoption, the role of Christian evangelism in adoption, and all of that times 100 with international adoption. Adoption (as practiced in the US) is not even necessarily a good solution for adoptable kids, never mind as a whole.",
">\n\nAlthough there are valid pragmatic concerns around adoption, I don't think this is best treated as an issue of virtue. People should not get \"social points\" for adopting a child. It's a roundabout way of saying that an adopted child is inherently more \"defective\" than other children.",
">\n\nWhile I agree, I don't think you understand how difficult adopting can be. Many countries have what are called morality clauses when it comes to adopting. What does this mean? Well, if they don't \"morally\" agree with your lifestyle, they can veto your adoption while keeping the money you paid. Basically, if you're not the right religion, race, political leanings, sexual orientation, they will tell you no. Some countries, if you've ever had depression or anxiety of any form, will automatically disqualify you. Even if it was just temporary or is easily controlled with medication. Some countries will not allow you to adopt babies unless they have special needs such as ASD, Down syndrome, etc. And if you adopt older, it's a good chance the child will still have severe issues, and not every parent is capable of handling that. And let's not get started on the questionable legality and morality of some adoptions. Adopting isn't a cut and dry thing, and it can actually be extremely difficult to near impossible. Not to mention how expensive it is that the person could end up paying all that money, time, and heartache to be denied in the end. And you're not getting that money back.",
">\n\nThese are good points. Definitely spells out other’s theme of the pure difficulty of adoption.\nI wasn’t aware of the degree of bigoted determinations for adoption. While society can pressure you regarding an interracial baby, they can’t really (unless you’re in some really messed up places) stop you from bumping uglies.",
">\n\nNope, they can't, and yes, there is a lot of bigotry when it comes to adoption. It's really sad because you would think what these countries would care more about a child having a loving home."
] |
>
Hmmm. Interesting. I didn’t know this was a Reddit sub. Thanks for the insight. | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it.",
">\n\nAgain, I haven’t done it so I have not experienced it. \nCan I ask if you’ve ever have or currently feel, that you would happily die for your partner? \nAdditionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological.",
">\n\nhmmmmmm yeah I would die for my wife if I had to. But that one is more out of a sense of duty than anything. I never felt even remotely that way about anyone else. \nI think you're overestimating how much of our reproductive instinct is learned versus how much of it is inherited. Human beings crave their own biologic children because of how their brains are wired. Not because someone told them so. Which is really the point I was trying to make. \nYes you can fall in love with your friends and what not. Some can anyway. But most average people only feel this way for a select group of people. Usually their immediate family, significant other, and more so than anything children.",
">\n\nThanks for the reply. I think I need to research biological drivers in humans related to our offspring. I’m sure I won’t have trouble finding literature on the topic.",
">\n\nI do not know about you but I don’t have an extra 50k",
">\n\nIt's cheaper if you import them though.",
">\n\nWould it not be better for society to promote sex education, access to birth control, and abortion to help stem the flow of orphaned children? This way it 'solves' the problem before it occurs or at least lessens it?",
">\n\nI agree that sex education, along with other education for societal ills, is important. I think it’s important but not an answer to my question/view.",
">\n\nThere are \"only\" around 100,000 children waiting to be adopted in the USA, which is statistically irrelevant. Certainly not enough to maintain population growth. Promoting adoption over natural birth is only one option - why not promote adoption alongside birth? Or better fund state care and solutions for collectivist raising of these children?",
">\n\nThe actual amount to adoptable children is definitely relevant. Nevertheless, shouldn’t society put more value in adoption over having a biological child? I conceded population growth as a fact/issue in my OP.",
">\n\nLike I feel you need to look at the numbers 100k are up for adoption thats a piddly 2.5% of the ~4million babies a year we have up to 2 million families waiting to adopt a baby. Your really missing the supply of adoptable babies. Litterly 20x the number of babies available are desired for adaption...\nNow if you look at the older kids that's it's own mess why buy into a likely overly taxing situation if you can have your own non traumatized kids.",
">\n\nIn other words, you want us to raise the children of people who do not agree with that sentiment.",
">\n\nI think the benefit that these children would receive certainly outweighs bothering to consider the biological parents viewpoints. I truly think their view is irrelevant.",
">\n\nBe the change man, don’t procreate. Adopt. I on the other hand don’t want to.",
">\n\nThere is already way more demand for new born adoptions than there are babies to be adopted. Adopting a new born when you can have your own children is really just taking away that option for a couple that may not otherwise be able to have children. The children that need adoptions tend to be older children that often have issues that need special attention. For the right kind of person adopting those children would be great, but I disagree that the average parent should consider this over having their own children.",
">\n\nThe numbers are definitely low but around 10% of kids up for adoption never get adopted. That’s quite a lot of kids turning 18 in foster care without parental love, guidance and support.",
">\n\nI agree it would be better if those kids could find loving homes, I just don't think society should be encouraging everyone to adopt instead of have their own children. If the children have special needs they should be matched with parents that can provide that. There's lots of stories of parents adopting older children and realizing they were in over their heads and even returning the children to foster care. Imo that's worse than if they were never adopted in the first place.",
">\n\nAs others have said, there are far more couples looking to adopt babies than there are babies. That doesn't solve the older kids in the system but there's hardly an alternative as you can't force couples to take in teenagers. \nI think advocating for proper sexual education, preferably from parents, but in any capacity will do as long as it is effective. Valuing abstaining from sex until you're in a committed relationship at least is a great way to prevent future children going into the system.",
">\n\nWell maybe not abstaining but responsible sex lol. But I catch your point.",
">\n\nResponsible sex would be a viable option if all these kids would practice it lol",
">\n\nSelf centered is a strange way to look at it. Idk how old you are but pretty much all my friends/co workers/ family get pregnant on accident. I think if you adopt you’ve already got your shit together, as in own your house, your comfortable in your career, and your just spirituality ready. But for 99% of people you’ll never feel “ready.” You grow up with your kids, it’s a part of life you know",
">\n\nThis is 100% true. I’m in my mid-thirties with a stable career. I just don’t feel “ready” yet. If it was an “accident” and my partner and I were having a baby, I’d be alright (lol I like to hope so).",
">\n\nIt’s a myth that there are many adoptable infants “in need of a home”. \nWhile there are a larger number of adoptable children, the vast majority of the population of adoptable children consists of children with physical/medical/mental disabilities, sibling groups, older children, and children for whom open adoption or contact with parents is preferred/recommended. These are not adoptions most adoptive parents are looking for, due both to the socialized expectations prospective parents have about what a parent-child relationship looks like and in some cases due to just capacity to manage additional needs.\nThe US has a “domestic supply issue” when it comes to adoptable infants. Some estimates suggest there are 20 applicant parents for every one adoptable infant birth - it’s highly competitive already so it’s hard to argue that there ought to be more people adopting. \nThe suggestion that people adopt these non-newborn kids should be well taken. It’s obviously tragic that some kids remain in foster/residential care until they “age out”. But even if all of those kids are adopted and continued to be adopted, that doesn’t represent a large population of the total child population. \nThere are about 3.5m births each year in the US - there are about 100,000 adoptable children, the math just doesn’t math. Even with 3.5m live births, we still face concerns about an aging population and a relatively low birth rate. If anything, more people need to reproduce to ensure there are enough young people in our society.\nIt sounds like a nice sentiment but adoption and biological parenting are neither mutually exclusive or interchangeable - there are nowwhere near the numbers of adoptable children as there are presently live births. None of these even begins to touch on the issues with adoption, particularly adoption trauma, the power dynamics of adoption, coercion, classism, racism, and misogyny in adoption, the role of Christian evangelism in adoption, and all of that times 100 with international adoption. Adoption (as practiced in the US) is not even necessarily a good solution for adoptable kids, never mind as a whole.",
">\n\nAlthough there are valid pragmatic concerns around adoption, I don't think this is best treated as an issue of virtue. People should not get \"social points\" for adopting a child. It's a roundabout way of saying that an adopted child is inherently more \"defective\" than other children.",
">\n\nWhile I agree, I don't think you understand how difficult adopting can be. Many countries have what are called morality clauses when it comes to adopting. What does this mean? Well, if they don't \"morally\" agree with your lifestyle, they can veto your adoption while keeping the money you paid. Basically, if you're not the right religion, race, political leanings, sexual orientation, they will tell you no. Some countries, if you've ever had depression or anxiety of any form, will automatically disqualify you. Even if it was just temporary or is easily controlled with medication. Some countries will not allow you to adopt babies unless they have special needs such as ASD, Down syndrome, etc. And if you adopt older, it's a good chance the child will still have severe issues, and not every parent is capable of handling that. And let's not get started on the questionable legality and morality of some adoptions. Adopting isn't a cut and dry thing, and it can actually be extremely difficult to near impossible. Not to mention how expensive it is that the person could end up paying all that money, time, and heartache to be denied in the end. And you're not getting that money back.",
">\n\nThese are good points. Definitely spells out other’s theme of the pure difficulty of adoption.\nI wasn’t aware of the degree of bigoted determinations for adoption. While society can pressure you regarding an interracial baby, they can’t really (unless you’re in some really messed up places) stop you from bumping uglies.",
">\n\nNope, they can't, and yes, there is a lot of bigotry when it comes to adoption. It's really sad because you would think what these countries would care more about a child having a loving home.",
">\n\nAdoption is trauma. It is removing children from their biological families. A loss that follows them for life, even if they know their bio parents. Too many people think that by adopting newborns, the child will not have any trauma, but this is just wishful thinking on the adoptive parent's part. Social media and the adoption Reddit are full of adoptees talking about how much they lost by being adopted. Even the ones who had \"good adoptions\" struggle with feelings of abandonment, anger, identity-issues, loss, etc. Kids in foster care who are available for adoption have gone through even more trauma. As altruistic as it may seem to just tell people to adopt. The truth is, most people shouldn't. Adopting requires being trauma-informed, understanding, not jealous of the child's bio family, and willing to put the child's interests first. In a perfect world, we would have no need for adoption. It isn't a perfect world, so the least we can do is make sure that the people who are adopting children are doing it for the right reasons and in a way that causes the least amount of damage. \nWarning: If you begin looking into adoptee voices, you will quickly discover that many believe adoption should only ever be a last resort, with legal guardianship and kinship placements being prioritized."
] |
>
Adoption got some tough hurdles and can be very expensive, not everyone can meet the requirements. | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it.",
">\n\nAgain, I haven’t done it so I have not experienced it. \nCan I ask if you’ve ever have or currently feel, that you would happily die for your partner? \nAdditionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological.",
">\n\nhmmmmmm yeah I would die for my wife if I had to. But that one is more out of a sense of duty than anything. I never felt even remotely that way about anyone else. \nI think you're overestimating how much of our reproductive instinct is learned versus how much of it is inherited. Human beings crave their own biologic children because of how their brains are wired. Not because someone told them so. Which is really the point I was trying to make. \nYes you can fall in love with your friends and what not. Some can anyway. But most average people only feel this way for a select group of people. Usually their immediate family, significant other, and more so than anything children.",
">\n\nThanks for the reply. I think I need to research biological drivers in humans related to our offspring. I’m sure I won’t have trouble finding literature on the topic.",
">\n\nI do not know about you but I don’t have an extra 50k",
">\n\nIt's cheaper if you import them though.",
">\n\nWould it not be better for society to promote sex education, access to birth control, and abortion to help stem the flow of orphaned children? This way it 'solves' the problem before it occurs or at least lessens it?",
">\n\nI agree that sex education, along with other education for societal ills, is important. I think it’s important but not an answer to my question/view.",
">\n\nThere are \"only\" around 100,000 children waiting to be adopted in the USA, which is statistically irrelevant. Certainly not enough to maintain population growth. Promoting adoption over natural birth is only one option - why not promote adoption alongside birth? Or better fund state care and solutions for collectivist raising of these children?",
">\n\nThe actual amount to adoptable children is definitely relevant. Nevertheless, shouldn’t society put more value in adoption over having a biological child? I conceded population growth as a fact/issue in my OP.",
">\n\nLike I feel you need to look at the numbers 100k are up for adoption thats a piddly 2.5% of the ~4million babies a year we have up to 2 million families waiting to adopt a baby. Your really missing the supply of adoptable babies. Litterly 20x the number of babies available are desired for adaption...\nNow if you look at the older kids that's it's own mess why buy into a likely overly taxing situation if you can have your own non traumatized kids.",
">\n\nIn other words, you want us to raise the children of people who do not agree with that sentiment.",
">\n\nI think the benefit that these children would receive certainly outweighs bothering to consider the biological parents viewpoints. I truly think their view is irrelevant.",
">\n\nBe the change man, don’t procreate. Adopt. I on the other hand don’t want to.",
">\n\nThere is already way more demand for new born adoptions than there are babies to be adopted. Adopting a new born when you can have your own children is really just taking away that option for a couple that may not otherwise be able to have children. The children that need adoptions tend to be older children that often have issues that need special attention. For the right kind of person adopting those children would be great, but I disagree that the average parent should consider this over having their own children.",
">\n\nThe numbers are definitely low but around 10% of kids up for adoption never get adopted. That’s quite a lot of kids turning 18 in foster care without parental love, guidance and support.",
">\n\nI agree it would be better if those kids could find loving homes, I just don't think society should be encouraging everyone to adopt instead of have their own children. If the children have special needs they should be matched with parents that can provide that. There's lots of stories of parents adopting older children and realizing they were in over their heads and even returning the children to foster care. Imo that's worse than if they were never adopted in the first place.",
">\n\nAs others have said, there are far more couples looking to adopt babies than there are babies. That doesn't solve the older kids in the system but there's hardly an alternative as you can't force couples to take in teenagers. \nI think advocating for proper sexual education, preferably from parents, but in any capacity will do as long as it is effective. Valuing abstaining from sex until you're in a committed relationship at least is a great way to prevent future children going into the system.",
">\n\nWell maybe not abstaining but responsible sex lol. But I catch your point.",
">\n\nResponsible sex would be a viable option if all these kids would practice it lol",
">\n\nSelf centered is a strange way to look at it. Idk how old you are but pretty much all my friends/co workers/ family get pregnant on accident. I think if you adopt you’ve already got your shit together, as in own your house, your comfortable in your career, and your just spirituality ready. But for 99% of people you’ll never feel “ready.” You grow up with your kids, it’s a part of life you know",
">\n\nThis is 100% true. I’m in my mid-thirties with a stable career. I just don’t feel “ready” yet. If it was an “accident” and my partner and I were having a baby, I’d be alright (lol I like to hope so).",
">\n\nIt’s a myth that there are many adoptable infants “in need of a home”. \nWhile there are a larger number of adoptable children, the vast majority of the population of adoptable children consists of children with physical/medical/mental disabilities, sibling groups, older children, and children for whom open adoption or contact with parents is preferred/recommended. These are not adoptions most adoptive parents are looking for, due both to the socialized expectations prospective parents have about what a parent-child relationship looks like and in some cases due to just capacity to manage additional needs.\nThe US has a “domestic supply issue” when it comes to adoptable infants. Some estimates suggest there are 20 applicant parents for every one adoptable infant birth - it’s highly competitive already so it’s hard to argue that there ought to be more people adopting. \nThe suggestion that people adopt these non-newborn kids should be well taken. It’s obviously tragic that some kids remain in foster/residential care until they “age out”. But even if all of those kids are adopted and continued to be adopted, that doesn’t represent a large population of the total child population. \nThere are about 3.5m births each year in the US - there are about 100,000 adoptable children, the math just doesn’t math. Even with 3.5m live births, we still face concerns about an aging population and a relatively low birth rate. If anything, more people need to reproduce to ensure there are enough young people in our society.\nIt sounds like a nice sentiment but adoption and biological parenting are neither mutually exclusive or interchangeable - there are nowwhere near the numbers of adoptable children as there are presently live births. None of these even begins to touch on the issues with adoption, particularly adoption trauma, the power dynamics of adoption, coercion, classism, racism, and misogyny in adoption, the role of Christian evangelism in adoption, and all of that times 100 with international adoption. Adoption (as practiced in the US) is not even necessarily a good solution for adoptable kids, never mind as a whole.",
">\n\nAlthough there are valid pragmatic concerns around adoption, I don't think this is best treated as an issue of virtue. People should not get \"social points\" for adopting a child. It's a roundabout way of saying that an adopted child is inherently more \"defective\" than other children.",
">\n\nWhile I agree, I don't think you understand how difficult adopting can be. Many countries have what are called morality clauses when it comes to adopting. What does this mean? Well, if they don't \"morally\" agree with your lifestyle, they can veto your adoption while keeping the money you paid. Basically, if you're not the right religion, race, political leanings, sexual orientation, they will tell you no. Some countries, if you've ever had depression or anxiety of any form, will automatically disqualify you. Even if it was just temporary or is easily controlled with medication. Some countries will not allow you to adopt babies unless they have special needs such as ASD, Down syndrome, etc. And if you adopt older, it's a good chance the child will still have severe issues, and not every parent is capable of handling that. And let's not get started on the questionable legality and morality of some adoptions. Adopting isn't a cut and dry thing, and it can actually be extremely difficult to near impossible. Not to mention how expensive it is that the person could end up paying all that money, time, and heartache to be denied in the end. And you're not getting that money back.",
">\n\nThese are good points. Definitely spells out other’s theme of the pure difficulty of adoption.\nI wasn’t aware of the degree of bigoted determinations for adoption. While society can pressure you regarding an interracial baby, they can’t really (unless you’re in some really messed up places) stop you from bumping uglies.",
">\n\nNope, they can't, and yes, there is a lot of bigotry when it comes to adoption. It's really sad because you would think what these countries would care more about a child having a loving home.",
">\n\nAdoption is trauma. It is removing children from their biological families. A loss that follows them for life, even if they know their bio parents. Too many people think that by adopting newborns, the child will not have any trauma, but this is just wishful thinking on the adoptive parent's part. Social media and the adoption Reddit are full of adoptees talking about how much they lost by being adopted. Even the ones who had \"good adoptions\" struggle with feelings of abandonment, anger, identity-issues, loss, etc. Kids in foster care who are available for adoption have gone through even more trauma. As altruistic as it may seem to just tell people to adopt. The truth is, most people shouldn't. Adopting requires being trauma-informed, understanding, not jealous of the child's bio family, and willing to put the child's interests first. In a perfect world, we would have no need for adoption. It isn't a perfect world, so the least we can do is make sure that the people who are adopting children are doing it for the right reasons and in a way that causes the least amount of damage. \nWarning: If you begin looking into adoptee voices, you will quickly discover that many believe adoption should only ever be a last resort, with legal guardianship and kinship placements being prioritized.",
">\n\nHmmm. Interesting. I didn’t know this was a Reddit sub. Thanks for the insight."
] |
>
We can change/expedite and support the process as a society and I think we naturally would if we put more emphasis on adoption.
Having a baby biologically and bringing it hope from the adoption center are, all things being equal (health on both side, money, age), the same. | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it.",
">\n\nAgain, I haven’t done it so I have not experienced it. \nCan I ask if you’ve ever have or currently feel, that you would happily die for your partner? \nAdditionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological.",
">\n\nhmmmmmm yeah I would die for my wife if I had to. But that one is more out of a sense of duty than anything. I never felt even remotely that way about anyone else. \nI think you're overestimating how much of our reproductive instinct is learned versus how much of it is inherited. Human beings crave their own biologic children because of how their brains are wired. Not because someone told them so. Which is really the point I was trying to make. \nYes you can fall in love with your friends and what not. Some can anyway. But most average people only feel this way for a select group of people. Usually their immediate family, significant other, and more so than anything children.",
">\n\nThanks for the reply. I think I need to research biological drivers in humans related to our offspring. I’m sure I won’t have trouble finding literature on the topic.",
">\n\nI do not know about you but I don’t have an extra 50k",
">\n\nIt's cheaper if you import them though.",
">\n\nWould it not be better for society to promote sex education, access to birth control, and abortion to help stem the flow of orphaned children? This way it 'solves' the problem before it occurs or at least lessens it?",
">\n\nI agree that sex education, along with other education for societal ills, is important. I think it’s important but not an answer to my question/view.",
">\n\nThere are \"only\" around 100,000 children waiting to be adopted in the USA, which is statistically irrelevant. Certainly not enough to maintain population growth. Promoting adoption over natural birth is only one option - why not promote adoption alongside birth? Or better fund state care and solutions for collectivist raising of these children?",
">\n\nThe actual amount to adoptable children is definitely relevant. Nevertheless, shouldn’t society put more value in adoption over having a biological child? I conceded population growth as a fact/issue in my OP.",
">\n\nLike I feel you need to look at the numbers 100k are up for adoption thats a piddly 2.5% of the ~4million babies a year we have up to 2 million families waiting to adopt a baby. Your really missing the supply of adoptable babies. Litterly 20x the number of babies available are desired for adaption...\nNow if you look at the older kids that's it's own mess why buy into a likely overly taxing situation if you can have your own non traumatized kids.",
">\n\nIn other words, you want us to raise the children of people who do not agree with that sentiment.",
">\n\nI think the benefit that these children would receive certainly outweighs bothering to consider the biological parents viewpoints. I truly think their view is irrelevant.",
">\n\nBe the change man, don’t procreate. Adopt. I on the other hand don’t want to.",
">\n\nThere is already way more demand for new born adoptions than there are babies to be adopted. Adopting a new born when you can have your own children is really just taking away that option for a couple that may not otherwise be able to have children. The children that need adoptions tend to be older children that often have issues that need special attention. For the right kind of person adopting those children would be great, but I disagree that the average parent should consider this over having their own children.",
">\n\nThe numbers are definitely low but around 10% of kids up for adoption never get adopted. That’s quite a lot of kids turning 18 in foster care without parental love, guidance and support.",
">\n\nI agree it would be better if those kids could find loving homes, I just don't think society should be encouraging everyone to adopt instead of have their own children. If the children have special needs they should be matched with parents that can provide that. There's lots of stories of parents adopting older children and realizing they were in over their heads and even returning the children to foster care. Imo that's worse than if they were never adopted in the first place.",
">\n\nAs others have said, there are far more couples looking to adopt babies than there are babies. That doesn't solve the older kids in the system but there's hardly an alternative as you can't force couples to take in teenagers. \nI think advocating for proper sexual education, preferably from parents, but in any capacity will do as long as it is effective. Valuing abstaining from sex until you're in a committed relationship at least is a great way to prevent future children going into the system.",
">\n\nWell maybe not abstaining but responsible sex lol. But I catch your point.",
">\n\nResponsible sex would be a viable option if all these kids would practice it lol",
">\n\nSelf centered is a strange way to look at it. Idk how old you are but pretty much all my friends/co workers/ family get pregnant on accident. I think if you adopt you’ve already got your shit together, as in own your house, your comfortable in your career, and your just spirituality ready. But for 99% of people you’ll never feel “ready.” You grow up with your kids, it’s a part of life you know",
">\n\nThis is 100% true. I’m in my mid-thirties with a stable career. I just don’t feel “ready” yet. If it was an “accident” and my partner and I were having a baby, I’d be alright (lol I like to hope so).",
">\n\nIt’s a myth that there are many adoptable infants “in need of a home”. \nWhile there are a larger number of adoptable children, the vast majority of the population of adoptable children consists of children with physical/medical/mental disabilities, sibling groups, older children, and children for whom open adoption or contact with parents is preferred/recommended. These are not adoptions most adoptive parents are looking for, due both to the socialized expectations prospective parents have about what a parent-child relationship looks like and in some cases due to just capacity to manage additional needs.\nThe US has a “domestic supply issue” when it comes to adoptable infants. Some estimates suggest there are 20 applicant parents for every one adoptable infant birth - it’s highly competitive already so it’s hard to argue that there ought to be more people adopting. \nThe suggestion that people adopt these non-newborn kids should be well taken. It’s obviously tragic that some kids remain in foster/residential care until they “age out”. But even if all of those kids are adopted and continued to be adopted, that doesn’t represent a large population of the total child population. \nThere are about 3.5m births each year in the US - there are about 100,000 adoptable children, the math just doesn’t math. Even with 3.5m live births, we still face concerns about an aging population and a relatively low birth rate. If anything, more people need to reproduce to ensure there are enough young people in our society.\nIt sounds like a nice sentiment but adoption and biological parenting are neither mutually exclusive or interchangeable - there are nowwhere near the numbers of adoptable children as there are presently live births. None of these even begins to touch on the issues with adoption, particularly adoption trauma, the power dynamics of adoption, coercion, classism, racism, and misogyny in adoption, the role of Christian evangelism in adoption, and all of that times 100 with international adoption. Adoption (as practiced in the US) is not even necessarily a good solution for adoptable kids, never mind as a whole.",
">\n\nAlthough there are valid pragmatic concerns around adoption, I don't think this is best treated as an issue of virtue. People should not get \"social points\" for adopting a child. It's a roundabout way of saying that an adopted child is inherently more \"defective\" than other children.",
">\n\nWhile I agree, I don't think you understand how difficult adopting can be. Many countries have what are called morality clauses when it comes to adopting. What does this mean? Well, if they don't \"morally\" agree with your lifestyle, they can veto your adoption while keeping the money you paid. Basically, if you're not the right religion, race, political leanings, sexual orientation, they will tell you no. Some countries, if you've ever had depression or anxiety of any form, will automatically disqualify you. Even if it was just temporary or is easily controlled with medication. Some countries will not allow you to adopt babies unless they have special needs such as ASD, Down syndrome, etc. And if you adopt older, it's a good chance the child will still have severe issues, and not every parent is capable of handling that. And let's not get started on the questionable legality and morality of some adoptions. Adopting isn't a cut and dry thing, and it can actually be extremely difficult to near impossible. Not to mention how expensive it is that the person could end up paying all that money, time, and heartache to be denied in the end. And you're not getting that money back.",
">\n\nThese are good points. Definitely spells out other’s theme of the pure difficulty of adoption.\nI wasn’t aware of the degree of bigoted determinations for adoption. While society can pressure you regarding an interracial baby, they can’t really (unless you’re in some really messed up places) stop you from bumping uglies.",
">\n\nNope, they can't, and yes, there is a lot of bigotry when it comes to adoption. It's really sad because you would think what these countries would care more about a child having a loving home.",
">\n\nAdoption is trauma. It is removing children from their biological families. A loss that follows them for life, even if they know their bio parents. Too many people think that by adopting newborns, the child will not have any trauma, but this is just wishful thinking on the adoptive parent's part. Social media and the adoption Reddit are full of adoptees talking about how much they lost by being adopted. Even the ones who had \"good adoptions\" struggle with feelings of abandonment, anger, identity-issues, loss, etc. Kids in foster care who are available for adoption have gone through even more trauma. As altruistic as it may seem to just tell people to adopt. The truth is, most people shouldn't. Adopting requires being trauma-informed, understanding, not jealous of the child's bio family, and willing to put the child's interests first. In a perfect world, we would have no need for adoption. It isn't a perfect world, so the least we can do is make sure that the people who are adopting children are doing it for the right reasons and in a way that causes the least amount of damage. \nWarning: If you begin looking into adoptee voices, you will quickly discover that many believe adoption should only ever be a last resort, with legal guardianship and kinship placements being prioritized.",
">\n\nHmmm. Interesting. I didn’t know this was a Reddit sub. Thanks for the insight.",
">\n\nAdoption got some tough hurdles and can be very expensive, not everyone can meet the requirements."
] |
>
well i think the root of this problem is to try to lower the amount of kids being born that are being sent out to adoption. but there's a biological reason why people want their own kids, it's passing down your genetics. with that being said though i think adoption is great for anyone who wants to or might not be able to have kids themselves | [
"Newborn adoptions can take up to 7 years. That's a very long time for most people and might put them at a stage of life where they can no longer justify having the child.\nAdopting from foster care is extremely difficult emotionally, for both the child and the parents, so first time parents would probably get walloped by this.",
">\n\nSure but if society put significant stock into adoption over over the standard biological route, wouldn’t that result in policy shift and tightening timelines? With so few babies/children available for adopt, would the pool of eligible, “parent ready”, adopters be quite large?",
">\n\nthe timelines are waiting to move up the list. There are not enough babies.",
">\n\nWe are genetically programmed to derive pleasure from procreation. Both physical and mental. Furthermore we are genetically programmed to fall head over heels in love with our biologic children. This is why people say you have to experience it to understand it. The type of love you feel for your biologic child is difficult to describe. I would gladly die for my daughter. If you would have told me that 3 years ago I would think you're fucking nutts. \nSome people may feel the same way about the non biologic kids they adopt. But a lot simply don't. It's not something society teaches you. It's just how human beings are wired. \nYou can promote it all you want. But don't have unrealistic expectations about it.",
">\n\nAgain, I haven’t done it so I have not experienced it. \nCan I ask if you’ve ever have or currently feel, that you would happily die for your partner? \nAdditionally, I have non-biological “friends” that I outright feel as family in the same manner as even my twin. A lot of people feel this way about the closest friends. Again, maybe the biological parent exceeds the non-biological.",
">\n\nhmmmmmm yeah I would die for my wife if I had to. But that one is more out of a sense of duty than anything. I never felt even remotely that way about anyone else. \nI think you're overestimating how much of our reproductive instinct is learned versus how much of it is inherited. Human beings crave their own biologic children because of how their brains are wired. Not because someone told them so. Which is really the point I was trying to make. \nYes you can fall in love with your friends and what not. Some can anyway. But most average people only feel this way for a select group of people. Usually their immediate family, significant other, and more so than anything children.",
">\n\nThanks for the reply. I think I need to research biological drivers in humans related to our offspring. I’m sure I won’t have trouble finding literature on the topic.",
">\n\nI do not know about you but I don’t have an extra 50k",
">\n\nIt's cheaper if you import them though.",
">\n\nWould it not be better for society to promote sex education, access to birth control, and abortion to help stem the flow of orphaned children? This way it 'solves' the problem before it occurs or at least lessens it?",
">\n\nI agree that sex education, along with other education for societal ills, is important. I think it’s important but not an answer to my question/view.",
">\n\nThere are \"only\" around 100,000 children waiting to be adopted in the USA, which is statistically irrelevant. Certainly not enough to maintain population growth. Promoting adoption over natural birth is only one option - why not promote adoption alongside birth? Or better fund state care and solutions for collectivist raising of these children?",
">\n\nThe actual amount to adoptable children is definitely relevant. Nevertheless, shouldn’t society put more value in adoption over having a biological child? I conceded population growth as a fact/issue in my OP.",
">\n\nLike I feel you need to look at the numbers 100k are up for adoption thats a piddly 2.5% of the ~4million babies a year we have up to 2 million families waiting to adopt a baby. Your really missing the supply of adoptable babies. Litterly 20x the number of babies available are desired for adaption...\nNow if you look at the older kids that's it's own mess why buy into a likely overly taxing situation if you can have your own non traumatized kids.",
">\n\nIn other words, you want us to raise the children of people who do not agree with that sentiment.",
">\n\nI think the benefit that these children would receive certainly outweighs bothering to consider the biological parents viewpoints. I truly think their view is irrelevant.",
">\n\nBe the change man, don’t procreate. Adopt. I on the other hand don’t want to.",
">\n\nThere is already way more demand for new born adoptions than there are babies to be adopted. Adopting a new born when you can have your own children is really just taking away that option for a couple that may not otherwise be able to have children. The children that need adoptions tend to be older children that often have issues that need special attention. For the right kind of person adopting those children would be great, but I disagree that the average parent should consider this over having their own children.",
">\n\nThe numbers are definitely low but around 10% of kids up for adoption never get adopted. That’s quite a lot of kids turning 18 in foster care without parental love, guidance and support.",
">\n\nI agree it would be better if those kids could find loving homes, I just don't think society should be encouraging everyone to adopt instead of have their own children. If the children have special needs they should be matched with parents that can provide that. There's lots of stories of parents adopting older children and realizing they were in over their heads and even returning the children to foster care. Imo that's worse than if they were never adopted in the first place.",
">\n\nAs others have said, there are far more couples looking to adopt babies than there are babies. That doesn't solve the older kids in the system but there's hardly an alternative as you can't force couples to take in teenagers. \nI think advocating for proper sexual education, preferably from parents, but in any capacity will do as long as it is effective. Valuing abstaining from sex until you're in a committed relationship at least is a great way to prevent future children going into the system.",
">\n\nWell maybe not abstaining but responsible sex lol. But I catch your point.",
">\n\nResponsible sex would be a viable option if all these kids would practice it lol",
">\n\nSelf centered is a strange way to look at it. Idk how old you are but pretty much all my friends/co workers/ family get pregnant on accident. I think if you adopt you’ve already got your shit together, as in own your house, your comfortable in your career, and your just spirituality ready. But for 99% of people you’ll never feel “ready.” You grow up with your kids, it’s a part of life you know",
">\n\nThis is 100% true. I’m in my mid-thirties with a stable career. I just don’t feel “ready” yet. If it was an “accident” and my partner and I were having a baby, I’d be alright (lol I like to hope so).",
">\n\nIt’s a myth that there are many adoptable infants “in need of a home”. \nWhile there are a larger number of adoptable children, the vast majority of the population of adoptable children consists of children with physical/medical/mental disabilities, sibling groups, older children, and children for whom open adoption or contact with parents is preferred/recommended. These are not adoptions most adoptive parents are looking for, due both to the socialized expectations prospective parents have about what a parent-child relationship looks like and in some cases due to just capacity to manage additional needs.\nThe US has a “domestic supply issue” when it comes to adoptable infants. Some estimates suggest there are 20 applicant parents for every one adoptable infant birth - it’s highly competitive already so it’s hard to argue that there ought to be more people adopting. \nThe suggestion that people adopt these non-newborn kids should be well taken. It’s obviously tragic that some kids remain in foster/residential care until they “age out”. But even if all of those kids are adopted and continued to be adopted, that doesn’t represent a large population of the total child population. \nThere are about 3.5m births each year in the US - there are about 100,000 adoptable children, the math just doesn’t math. Even with 3.5m live births, we still face concerns about an aging population and a relatively low birth rate. If anything, more people need to reproduce to ensure there are enough young people in our society.\nIt sounds like a nice sentiment but adoption and biological parenting are neither mutually exclusive or interchangeable - there are nowwhere near the numbers of adoptable children as there are presently live births. None of these even begins to touch on the issues with adoption, particularly adoption trauma, the power dynamics of adoption, coercion, classism, racism, and misogyny in adoption, the role of Christian evangelism in adoption, and all of that times 100 with international adoption. Adoption (as practiced in the US) is not even necessarily a good solution for adoptable kids, never mind as a whole.",
">\n\nAlthough there are valid pragmatic concerns around adoption, I don't think this is best treated as an issue of virtue. People should not get \"social points\" for adopting a child. It's a roundabout way of saying that an adopted child is inherently more \"defective\" than other children.",
">\n\nWhile I agree, I don't think you understand how difficult adopting can be. Many countries have what are called morality clauses when it comes to adopting. What does this mean? Well, if they don't \"morally\" agree with your lifestyle, they can veto your adoption while keeping the money you paid. Basically, if you're not the right religion, race, political leanings, sexual orientation, they will tell you no. Some countries, if you've ever had depression or anxiety of any form, will automatically disqualify you. Even if it was just temporary or is easily controlled with medication. Some countries will not allow you to adopt babies unless they have special needs such as ASD, Down syndrome, etc. And if you adopt older, it's a good chance the child will still have severe issues, and not every parent is capable of handling that. And let's not get started on the questionable legality and morality of some adoptions. Adopting isn't a cut and dry thing, and it can actually be extremely difficult to near impossible. Not to mention how expensive it is that the person could end up paying all that money, time, and heartache to be denied in the end. And you're not getting that money back.",
">\n\nThese are good points. Definitely spells out other’s theme of the pure difficulty of adoption.\nI wasn’t aware of the degree of bigoted determinations for adoption. While society can pressure you regarding an interracial baby, they can’t really (unless you’re in some really messed up places) stop you from bumping uglies.",
">\n\nNope, they can't, and yes, there is a lot of bigotry when it comes to adoption. It's really sad because you would think what these countries would care more about a child having a loving home.",
">\n\nAdoption is trauma. It is removing children from their biological families. A loss that follows them for life, even if they know their bio parents. Too many people think that by adopting newborns, the child will not have any trauma, but this is just wishful thinking on the adoptive parent's part. Social media and the adoption Reddit are full of adoptees talking about how much they lost by being adopted. Even the ones who had \"good adoptions\" struggle with feelings of abandonment, anger, identity-issues, loss, etc. Kids in foster care who are available for adoption have gone through even more trauma. As altruistic as it may seem to just tell people to adopt. The truth is, most people shouldn't. Adopting requires being trauma-informed, understanding, not jealous of the child's bio family, and willing to put the child's interests first. In a perfect world, we would have no need for adoption. It isn't a perfect world, so the least we can do is make sure that the people who are adopting children are doing it for the right reasons and in a way that causes the least amount of damage. \nWarning: If you begin looking into adoptee voices, you will quickly discover that many believe adoption should only ever be a last resort, with legal guardianship and kinship placements being prioritized.",
">\n\nHmmm. Interesting. I didn’t know this was a Reddit sub. Thanks for the insight.",
">\n\nAdoption got some tough hurdles and can be very expensive, not everyone can meet the requirements.",
">\n\nWe can change/expedite and support the process as a society and I think we naturally would if we put more emphasis on adoption. \nHaving a baby biologically and bringing it hope from the adoption center are, all things being equal (health on both side, money, age), the same."
] |
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