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To be clear - IMO any business that is not profitable is hanging by a thread. I invest capital and time in building new entities that I am confident can and wil
by monero-xmr 4y ago
To be clear - IMO any business that is not profitable is hanging by a thread. I invest capital and time in building new entities that I am confident can and will become profitable. I am potentially losing all of my money and time if that doesn't happen, and the vast majority of businesses fail. Creating a successful, sustainable, profitable business is a very difficult (yet rewarding) endeavor that I have had success at in the past. And my point is that anyone who wants to stop me from doing so I need to get rid of ASAP before they put any more of my time and money at risk, and being obligated by the government to keep dead weight around (i.e. unions) is insane, from my perspective as an entrepreneur.
- jakelazaroff 4y agoLike I said to the other commenter: I understand the point you’re trying to make, I just disagree with it. If you tell me the only way some business can become profitable is if the employees don’t unionize, what you’re actually saying is that the business isn’t viable if employees can negotiate on equal footing. And I mean, I understand why your perspective as an entrepreneur is that you should be allowed to negotiate at an advantage — it benefits you! My perspective is that if that’s the line between being profitable and not, it’s just not a viable business. Like you said, most businesses fail, and this one couldn’t make enough money to cover its costs.
- tekknik 4y agoYou haven’t really answered why, you just keep saying you don’t agree. How do you create a startup and avoid hiring union workers that will drag your business to the ground?
- jakelazaroff 4y agoYou don't. If your startup can't survive a unionized workforce, you didn't build a viable business. Not all business ideas are viable and that's okay!
- tekknik 4y agoBut what isn’t a viable business today can be built into one in the future. Example, every restaurant ever opened still operating today. How do you reconcile this?
- jakelazaroff 4y agoHow do I reconcile what? The chance that a business runs out of money before it has a chance to become profitable? That's inherent to being a business; it's like the entire reason that they fail. Sorry, try again next time — build a better business or find investors who will wait it out with you. What is the contradiction here?