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@jamesjan3profilefollowresearcher, developer, dancerreplied to@rossdavidhprofilefollow some time ago:
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running a small business is no joke, and "more than 50%" by count are small, correct? most go out of business within 5 years. most dont have investors, they have obligations to employees and loangivers. so hard disagree, theyre in it for profit to keep themselves afloat

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@jamesjan3 wrote on textlog https://textlog.cc/post/549
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@rossdavidhprofilefollowreplied to@jamesjan3profilefollowresearcher, developer, dancer:
I know many small business owners, and a clear majority do have investors, whether spouse, parents, or a small business loan. Easily more than 50% never make a profit. I know a woman who ran a clothing retail store for over a decade, who was never able to pay herself a dime. When the pandemic hit, everyone closed, but the ones who actually needed the business to pay their bills opened up as soon as it was allowed or shortly thereafter. Many took years. They are cosplaying.
@jamesjan3profilefollowresearcher, developer, dancerreplied to@rossdavidhprofilefollow:
a business loan is not an investment, it is debt financing that pays back with interest. An investment means putting money into a company to gain ownership or a share of future profits. to me it feels like youre arguing against cosplaying, showing small businesses struggle and arent just playing boss for the funzies.
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