Quote:
Originally Posted by Table 5
I agree with a lot of what you said in that post, but feeling shame about making a profit is just dumb. There's no point in hiring staff if you're not profiting off their labor in some way. It's not like you're using slave labor...your employees get job security and (presumably) a fair wage. And as a business owner, you take on all the risk, the equipment costs, the marital/family costs, the loans, the opportunity cost, the stress....why do all that if there's no monetary incentive?
Don't feel shame for your success. Small businesses are an economic backbone of our economy (they make up something like 98% of businesses in Canada). As long as you are treating people fairly along the way, you should be proud of your success in life.
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To add to this, businesses take huge risks. And when it's a small business that risk is on the the individual and their family. It's great to own a business when things are flowing. When things dry up and you have $50k+/month of bills and salaries to pay, not so great.
And most small businesses fail. Leaving the owners out huge amounts of cash and potentially losing their life savings, homes, etc...
Also, business owners do not get the luxury of leaving anything at the office. They don't work 9-5 and then turn off their computers.