People love their big paychecks, but they also value their sanity.
One of the most astonishing manifestations of disconnected-from-reality hubris is public authorities' sublime confidence that employers and entrepreneurs will continue starting and operating enterprises no matter how difficult and costly it becomes to keep the doors open, much less net a profit.
The average employee / state dependent reckons that the small business owner / entrepreneur is killing it financially, banking a small fortune in pure profit every month, and that they're doing what they love so they'll continue doing it no matter what. In other words, they're all wealthy Tax Donkeys who can easily afford higher taxes and fees and will tolerate paying more to keep doing what they love.
Wrong on both counts--dead wrong. A far more typical response is the one a house painter emailed me last year: every day, he reported, he wanted to dump his spray rig and power washer in a dumpster and leave the U.S.
The number of small businesses and entrepreneurs hanging on by a thread financially and emotionally is legion. Rather than killing it, they're getting killed by rising rents, wages, labor overhead, taxes, fees, licensing, inspection fees, insurance and so on.
The long hours, financial risks and open-ended responsibilities are ideal conditions for burn-out and bankruptcy.
To read the rest of this article, click here.
One of the most astonishing manifestations of disconnected-from-reality hubris is public authorities' sublime confidence that employers and entrepreneurs will continue starting and operating enterprises no matter how difficult and costly it becomes to keep the doors open, much less net a profit.
The average employee / state dependent reckons that the small business owner / entrepreneur is killing it financially, banking a small fortune in pure profit every month, and that they're doing what they love so they'll continue doing it no matter what. In other words, they're all wealthy Tax Donkeys who can easily afford higher taxes and fees and will tolerate paying more to keep doing what they love.
Wrong on both counts--dead wrong. A far more typical response is the one a house painter emailed me last year: every day, he reported, he wanted to dump his spray rig and power washer in a dumpster and leave the U.S.
The number of small businesses and entrepreneurs hanging on by a thread financially and emotionally is legion. Rather than killing it, they're getting killed by rising rents, wages, labor overhead, taxes, fees, licensing, inspection fees, insurance and so on.
The long hours, financial risks and open-ended responsibilities are ideal conditions for burn-out and bankruptcy.
To read the rest of this article, click here.
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