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Originally Posted by FlamesAddiction
It's not different than having a job. For a small business owner, the profits are their wage and many of them make less than their employees. Half the business owners I know are people who started as workers in the industry before going out on their own. If their business fails, not only is their income gone, but they likely have a lot of debt to pay off after as well.
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Many make less than their employees? How many? In the case of small businesses that only pay their staff minimum wage I have a hard time believing that the business owner would put in the work running a business only to make less than $7.25/hour.
What was the incentive for the half of the business owners you know to start their own company rather than to keep working as an employee if the money wasn’t it?
The debt argument would be a little stronger if low income workers weren’t carrying any debt.
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I would say having your business fail is 10x worse than just losing a job.
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To be honest you went so over the top with trying to paint owning a business as a hardship that it’s hard to take this sentence seriously.