Maybe a problem we aren’t talking about is relative risk. When Musk buys Twitter, his risk of failure may be high but it won’t “break his bank”. The entrepreneur or small business person who re-finances their mortgage to raise money is, relatively speaking, risking everything.
More importantly, these small business people/entrepreneurs ar…
Maybe a problem we aren’t talking about is relative risk. When Musk buys Twitter, his risk of failure may be high but it won’t “break his bank”. The entrepreneur or small business person who re-finances their mortgage to raise money is, relatively speaking, risking everything.
More importantly, these small business people/entrepreneurs are responsible with creating jobs, supporting their local community by paying taxes and supporting local non-profit institutions.
And the most important reason to talk about their challenges is that government policy ignores them - or the consequences these policies have had on their success and the chilling effect that has on others like them taking risk.
Politicians who ignore these people don’t get it. Obama’s lie, that you can keep your plan, impacted these people dramatically - when private plans were eliminated and replaced with ACA for more than twice the cost for less coverage, that sent entrepreneurs back into corporate jobs , along with the jobs they created, the time and motivation they had to strengthen their local network and community.
The journalists on Substack are starting to live this personal story and are interested in building awareness of this “class” of risk takers. Hope they will do more.
Maybe a problem we aren’t talking about is relative risk. When Musk buys Twitter, his risk of failure may be high but it won’t “break his bank”. The entrepreneur or small business person who re-finances their mortgage to raise money is, relatively speaking, risking everything.
More importantly, these small business people/entrepreneurs are responsible with creating jobs, supporting their local community by paying taxes and supporting local non-profit institutions.
And the most important reason to talk about their challenges is that government policy ignores them - or the consequences these policies have had on their success and the chilling effect that has on others like them taking risk.
Politicians who ignore these people don’t get it. Obama’s lie, that you can keep your plan, impacted these people dramatically - when private plans were eliminated and replaced with ACA for more than twice the cost for less coverage, that sent entrepreneurs back into corporate jobs , along with the jobs they created, the time and motivation they had to strengthen their local network and community.
The journalists on Substack are starting to live this personal story and are interested in building awareness of this “class” of risk takers. Hope they will do more.