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Reply #244: Gaaaaa . . . Entrepreneurship, while noble and right for some, is a crapshoot. [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
HughBeaumont Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-12-07 07:18 AM
Response to Reply #232
244. Gaaaaa . . . Entrepreneurship, while noble and right for some, is a crapshoot.
9 out of 10 start-ups fail within their first year. Very few of that small number make it to five years. You need a marketable product or service (preferrably not one that a corporation can already undercut you in and outperform you on), you need an audience for that product or service, you need return business for that product or service, you need start-up capital, and you need to be able to accommodate your finances for fluctuating monthly income (often times half to one quarter of what you used to make).

Bills cannot be paid on a long-odds gamble. America cannot be a nation of 140 million small businesspeople, lawyers, janitors and hairdressers. WE NEED JOBS! WE NEED CAREERS! Not just the heavily degreed and privileged, EVERYONE of all smarts and regions.

Oh yeah . . . who was that high ranking official who also used the "eBay" reference a few years ago when talking about the American economy pertaining to job creation?

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