And no, I didn’t go to college or take out a student loan. Of course, I’m “Generation X”, but I find this notion of continuing to label generations useless.
I do find it pathetic that there’s far more govn’t handouts and tax cuts to mega-corporations than there are to small businesses, and the self-employed.
So your feeling is that people shouldn’t go to college, shouldn’t start small businesses, and should protest the federal government for not giving them the handouts that you don’t feel they deserve.
You forget - “If only these kids had paid attention in history and in Government classes, they’d know that the Constitution says stuff that is in the Declaration of Independence!” :dubious:
Debt can be the great satan, sure- but if you need to stock $50-100K to open, and you don’t plan on saving that much over the next couple years, a loan can get you where you need to go.
I personally would be much more likely to open a business where the value was in my head, which this is not…
Well, excepting that the value is sort of knowing which hoops to jump through, which my friend did- he also has some mad retail management skills, so hopefully this will work out, and debt will quickly go by the wayside…
He doesn’t have to pay until he has a job, happily. You can’t start practicing when you graduate - you have to study for, take, and wait for the results of the bar exam - a process that takes about 3 months.
Yes he has loans. I don’t see your point. Are law students supposed to pay out of their pockets? Are parents supposed to pay? Is government supposed to pay? Borrowing against higher future income seems perfectly reasonable to me. He got admitted just before the crash, and he certainly can’t be blamed for Wall Street destroying the economy.
Right - spend a lot of money and effort to go to law school and then start a small business? That’s brilliant. Actually, he is very good at starting businesses, having started one to sell law school logo clothing for the benefit of the school, which was very successful, and so has plans. But the point is that there is high unemployment among new law school graduates.
BTW, given the amount of money businesses are sitting on because of the poor state of demand and the market, just telling people to go start a business as if this had a high chance of success is crappy advice.
The rolleyes is because people who had a fairly easy time of getting a job after college or a professional degree are now telling kids who are having a miserable time that they are lazy bums.
There was an article in the paper yesterday that said the number one reason that businesses aren’t investing or hiring is lack of demand. The number two is government regulations - but that number is lower than it was during the Clinton or George H. W. Bush years.
Showing that you can read the market better than the Pubbies and the powers that be want you to. Here they say that you shouldn’t expect a job, but should borrow money and start a business. When it goes bust - as most do - they’d just tell you that you are an idiot for having started a business at a time of no demand and stop complaining.
Well look on the bright side. At least with all that fancysmancy edumication they probably learned the difference between the Declaration of Independence and the Constitution. Damned entitled kids, get off my lawn.
For you. For me having a small business would be a nightmare. For 31 years I’ve worked for large corporations (starting with AT&T) and have pretty much done what I damn well pleased to without worrying where the next buck comes from and having time to do some cool research with direct practical implications, the kind I like.
It takes all kinds, and an economy that forces people to start businesses because it is somehow more moral is just as bad as an economy that discourages people wanting to start businesses from doing so.
If there was any point to my rambling, it’s that the startup of any small business is so circumstantial, there’s only one ground rule: it’s risky and there are no guarantees.
To ascribe generalized moral judgment as to whether or not to startup a small business in today’s economy is to be willfully ignorant. Or maybe just plain ignorant.
The entrepreneur is going to need all the help they can get. It can be done without, but say… do you hear that? Those teeny, tiny violins the large corporations are playing that so woo the GOP.
I’ll concede that Pubbies are making stupid decisions. After all, increasing supply in a time of low demand is surest way to financial ruin. Anyone care to re-educate me on the budget surplus we had prior to the Clinton administration, and how it suddenly turned into a budget deficit?