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There's gotta be a lot of survivorship bias here: many people whose businesses failed and had to go back to wage labor, or who simply lack the motivation to eve
by lr4444lr 3y ago
There's gotta be a lot of survivorship bias here: many people whose businesses failed and had to go back to wage labor, or who simply lack the motivation to even try to pursue their own occupational freedom would be expected to feel more disgruntled.
- hermitcrab 3y agoYes. Having a business with employees fail must be so much more painful than having a business with no employees fail.
- devonsolomon 3y agoIm not sure new entrepreneurs quite appreciate the gravity of having family livelihoods dependent on your decisions. The toll is also much worse in developing nations where the demand in the job market is low. Business failure then could mean people being long-term or permanently out of work. Entrepreneurship is a massive driver of employment in developed markets (especially VC backed). Ironically, entrepreneurs in developing markets may be dissuaded from employing so not to carry this risk.
- em-bee 3y agodo you have any reference to that? because i don't have that impression at all. what risks do you have when employing, other than spending more money? if you stop earning money you can let people go. i did that without problems. in a weak job market, entrepreneurship is often the only option. developing countries have some of the highest numbers of self-employed people. since there is no job security either, the risk of failure is not really relevant, because often the alternative is unemployment. and they are very aware of their families depending on them. that's why they are doing it.