What would you do if you inherited $100,000?

[Morgan]

Read today that 51% of all small business starts from yr 2000 have failed......

BTW, growth and value investing has a lot of potential.....had people invested in these types of stock funds, they'd have a pretty good return on their investment.....long term investment in the United States is still a good plan, unless you're pessimistic about our country (I'm not).

[John Galt?]

Read today that 51% of all small business starts from yr 2000 have failed......

That's nothing new, the failure rate for new small businesses has always been around 50% in the first 2 years. Over 60% of restaurants don't make it past the first 18 months, computer and appliance repair places also have a high failure rate.

[dbucfan]

Read today that 51% of all small business starts from yr 2000 have failed......

That's nothing new, the failure rate for new small businesses has always been around 50% in the first 2 years. Over 60% of restaurants don't make it past the first 18 months, computer and appliance repair places also have a high failure rate.

It is news to some John Galt?, not those who have their own business - most of those folks have either failed or watched as their peers failed... and those who work for the varying levels of government have no perspective as to risk taking - and losing their own money - except for a trip to a casino. 

[John Galt?]

what type of business would you expect to excel in miserable/depressed economic times like we have today -

It is not the type of business that determines success, it is the drive, desire, ambition, and intelligence of the owner that determines success.

IF you open a business thinking (like too many do) that others will do all the work and you just have to put in 30-35 hours a week of oversight, and that you can come and go as you please, take long vacations, etc. then you WILL fail.

But if you sacrifice, bust your arse, work long hours, constantly update and upgrade, watch all the costs, spend extra time training employees, spend even more time on marketing, and expect that 70 hours won't be enough, then you WILL succeed.

I've seen hundreds of very successful businesses change owners and in months everything is in the toilet. The new owners will blame the old owners, the location, the economy, the traffic, everything but the only thing that changed, themselves.

[John Galt?]

Read today that 51% of all small business starts from yr 2000 have failed......

That's nothing new, the failure rate for new small businesses has always been around 50% in the first 2 years. Over 60% of restaurants don't make it past the first 18 months, computer and appliance repair places also have a high failure rate.

It is news to some John Galt?, not those who have their own business - most of those folks have either failed or watched as their peers failed... and those who work for the varying levels of government have no perspective as to risk taking - and losing their own money - except for a trip to a casino.

And there is the problem.

[Morgan]

what type of business would you expect to excel in miserable/depressed economic times like we have today -

It is not the type of business that determines success.....

That's very arguable.

[Morgan]

and those who work for the varying levels of government have no perspective as to risk taking - and losing their own money - except for a trip to a casino.

What kind of stupid generalization/stereotype is that? I can think of one risk they might take and possibly lose their own money - investing in stock.

So you're wrong.

[SnookAU]

Easy to blame the gov't for being irresponsible w/ personal finance issues.

Try and keep up, slugger:

http://usdebtclock.org/

Wow.  That's an awesome site.

I noticed there's 45 million on food stamps.  That pretty much sums up our country in a nutshell.

[SnookAU]

what type of business would you expect to excel in miserable/depressed economic times like we have today -

It is not the type of business that determines success, it is the drive, desire, ambition, and intelligence of the owner that determines success.

IF you open a business thinking (like too many do) that others will do all the work and you just have to put in 30-35 hours a week of oversight, and that you can come and go as you please, take long vacations, etc. then you WILL fail.

But if you sacrifice, bust your arse, work long hours, constantly update and upgrade, watch all the costs, spend extra time training employees, spend even more time on marketing, and expect that 70 hours won't be enough, then you WILL succeed.

I've seen hundreds of very successful businesses change owners and in months everything is in the toilet. The new owners will blame the old owners, the location, the economy, the traffic, everything but the only thing that changed, themselves.

+1

The drive to work hard has declined sharply in this country.  And that accounts for a lot of the mess we're in right now.

[John Galt?]

and those who work for the varying levels of government have no perspective as to risk taking - and losing their own money - except for a trip to a casino.

What kind of stupid generalization/stereotype is that? I can think of one risk they might take and possibly lose their own money - investing in stock.

So you're wrong.

What happened to the |banghead| emoticon? This post needs a dozen of them


Guess I'll have to settle for

[Col. Klink]

and those who work for the varying levels of government have no perspective as to risk taking - and losing their own money - except for a trip to a casino.

What kind of stupid generalization/stereotype is that? I can think of one risk they might take and possibly lose their own money - investing in stock.

So you're wrong.

What happened to the |banghead| emoticon? This post needs a dozen of them

http://www.sucs.org/~**CENSORED**/standard-gifs/Head_bang_desk.gif


WOW .... the censored word is sp00k and I'm not sure how you can get around the filter to use it.

[dbucfan]

and those who work for the varying levels of government have no perspective as to risk taking - and losing their own money - except for a trip to a casino.

What kind of stupid generalization/stereotype is that? I can think of one risk they might take and possibly lose their own money - investing in stock.

So you're wrong.

The mere fact that you don't get it is sufficient to prove the point Morgan

[Biggs3535]

and those who work for the varying levels of government have no perspective as to risk taking - and losing their own money - except for a trip to a casino.

What kind of stupid generalization/stereotype is that? I can think of one risk they might take and possibly lose their own money - investing in stock.

So you're wrong.

Somebody get out the construction paper and crayons for little slugger, here.

[NovaBuc]

and those who work for the varying levels of government have no perspective as to risk taking - and losing their own money - except for a trip to a casino.

What kind of stupid generalization/stereotype is that? I can think of one risk they might take and possibly lose their own money - investing in stock.

So you're wrong.

 Investing in stock while working in government (or any other job really) is not that comparable to running your own business. With stocks, you run the risk of losing your investment. That's it. With running your own business, you run the risk of losing everything as you don't have the government job (or other job) to fall back on. Not to mention, if you lose the money you invested in stocks, it generally doesn't put other people out of work. Your business fails, your employees are out of work. The risk is substantially higher for someone running a business as opposed to investing in stock.

[Morgan]

http://abcnews.go.com/WNT/video/michele-bachmanns-family-business-exposed-14049522