inner city and the democratic party

[JohnnyD]

Originally Posted by Joe

Interesting though how some immigrants work menial jobs, or sleep 10 to an apartment until they raise the capital for a convenience store, motel or restaurant, and then within one generation their children enter the professional class.

People from other countries see opportunity that many native Americans don't - or look down upon as beneath us. The top three ways Americans acquire wealth are: inheritance, business ownership, a distant third is working in a well-paying field. Yet our culture only really respects professionals.

But if you've been sewing shirts in Ecuador for thirteen hours a day for $5 a day, then working twelve hours a day in a bodega and sleeping upstairs with a full stomach, tax-free money in your pocket, a high speed internet connection, cable television and a window air conditioner - is paradise.

Unfortunately, this is not the case for most. Considering that 95% of small businesses fail (and a higher rate for restaurants), that's not a good outlook for the immigrants that come here with hopes of the American dream.

For every CNN headlined story about someone who came to the states and accomplished "The American Dream", I'd be willing to bet money there are more than a thousand more that came to this country with the same hopes and failed. As such, it is not in the United State's best interest to allow these people to come here.

This isn't the early 1900s where enough money for a steamship ride to America, combined with hard work, yields a good chance to solidify a better, self-sustaining life for you and your family. We have shifted away from a country with a strong factory and manufacturing job base, to one that is significantly service based with jobs that require specialized skills and experience in order to make similarly waged jobs.

And to make it even more difficult to achieve the so-called "American Dream"...
Today's Bachelor Degree, is yesteryear's High School Diploma.

[Joe]

[QUOTE=JohnnyD]95% of small businesses fail
Wow! I did not know that.

[scottw]

[QUOTE=Joe;717329]

Originally Posted by JohnnyD

95% of small businesses fail
Wow! I did not know that.

it's not accurate

from USA Today
"In other words, they had what David Birch, former head of a research firm specializing in studying small business data, called the "I Had No Idea" syndrome. Would-be entrepreneurs don't realize what's truly involved with running a business.

So what is your chance of success? I think Birch's statistics are probably as accurate as any. His survival rates:

• First year: 85%
• Second: 70%
• Third: 62%
• Fourth: 55%
• Fifth: 50%
• Sixth: 47%
• Seventh: 44%
• Eighth: 41%
• Ninth: 38%
• Tenth: 35%

"Once you've hit five years, your odds of survival go way up," Birch said. "Only two to three percent of businesses older than five shut down each year."

The lesson? To greatly increase your chance of success, find out as much as you can BEFORE you open your doors. Talk to people who run their own businesses, especially businesses similar to yours, and get a realistic understanding of the time, financial, and emotional resources necessary. Keep your eyes open — not to the possibility of failure, but to the very real demands of running your own business.

So … what about that 90% failure rate cited on the radio? I went to the station's Web site and replayed the story. Listening closely, I realized they didn't mention any time period. So, perhaps the professor is right after all. I think it's safe to assume that within some period of time — oh, let's say 50 years — 90% of all businesses will close. I can live with those odds.

Rhonda Abrams is author of The Successful Business Plan: Secrets & Strategies and president of The Planning Shop, publishers of books and other tools for business plans. Register for Rhonda's free business planning newsletter at The Planning Shop - Write a successful business plan

[Joe]

When I was taking business classes as an adult student there was a professor who did an informal poll of where students expected to find employment after graduation - about 1/3 expected to work in a family business after graduation.

[JohnnyD]

Originally Posted by scottw

it's not accurate

from USA Today
"In other words, they had what David Birch, former head of a research firm specializing in studying small business data, called the "I Had No Idea" syndrome. Would-be entrepreneurs don't realize what's truly involved with running a business.

So what is your chance of success? I think Birch's statistics are probably as accurate as any. His survival rates:

• First year: 85%
• Second: 70%
• Third: 62%
• Fourth: 55%
• Fifth: 50%
• Sixth: 47%
• Seventh: 44%
• Eighth: 41%
• Ninth: 38%
• Tenth: 35%

And this article says 80% 5-year fail rate:
USI: College of Business--Small business failure rates

This one says 70% over 10-years:
Startup Failure Rates — The REAL Numbers | Small Business Trends

In his book, E-Myth Revisited, Michael Gerber states over 80% fail rate over 5 years.


As such, while my 2:47AM post after a night of fishing was grossly over exaggerated, it doesn't change the fact that somewhere between 7 and 8 out of 10 small businesses fail within 5 years. That letting people immigrate here with the mindset "maybe they'll live in squander with 10 other people to save up and start a successful business" is horribly misguided.

Like I said before, take care of people in this country first before worrying about those from another country. America is neither the worlds Police Force, nor its Welfare department.

Also, how many small businesses stay alive for extra years, on life-support strictly because the owner thrusts him/her self into debt and works 18 hours/day?


Joe, I don't think the sample of students in a business class is an accurate sample. If I had a kid and was planing on having them work for my business, I'd want them to have formal business training.

[scottw]

[QUOTE=JohnnyD;717373]

As such, while my 2:47AM post after a night of fishing was grossly over exaggerated.yes it was

That letting people immigrate here with the mindset "maybe they'll live in squander with 10 other people to save up and start a successful business" is horribly misguided. who suggested that anyone is "letting" anyone immigrate here with that horribly misguided mindset?...I'm guessing most would just like some kind of stable employment, starting a business is a LONG way from basic employment....that would be a funny sign at the border though..."IF YOU THINK YOU CAN JUST COME HERE AND LIVE IN "SQUANDER" WITH 10 OTHER PEOPLE AND SAVE UP TO START YOUR OWN BUSINESS...YOU'VE GOT ANOTHER THING COMING"


. America is neither the worlds Police Force, nor its Welfare department. currently it is both

MANY BUSINESSES CLOSE FOR MANY REASONS AND NOT NECESSARILY BECAUSE THEY "FAILED"

QUOTE]

[JohnnyD]

Originally Posted by scottw

As such, while my 2:47AM post after a night of fishing was grossly over exaggerated.yes it was

That letting people immigrate here with the mindset "maybe they'll live in squander with 10 other people to save up and start a successful business" is horribly misguided. who suggested that anyone is "letting" anyone immigrate here with that horribly misguided mindset?...I'm guessing most would just like some kind of stable employment, starting a business is a LONG way from basic employment....that would be a funny sign at the border though..."IF YOU THINK YOU CAN JUST COME HERE AND LIVE IN "SQUANDER" WITH 10 OTHER PEOPLE AND SAVE UP TO START YOUR OWN BUSINESS...YOU'VE GOT ANOTHER THING COMING"


. America is neither the worlds Police Force, nor its Welfare department. currently it is both

MANY BUSINESSES CLOSE FOR MANY REASONS AND NOT NECESSARILY BECAUSE THEY "FAILED"

QUOTE]

What kind of conservative are you?

With regards to the 10 people living in squander comment I made, if you had actually read the whole thread as opposed to trying to pick a fight, Joe mentioned that some immigrants live 10 to an apartment to save up the money to start a business.

I challenge anyone to demonstrate a situation where 10 people living in an apartment is not living in squander.

The minute the US customs says welcome to America to a non-citizen here for an extended stay, they're potentially "letting" someone immigrate here. My position is that they shouldn't unless it's for good reason and they can contribute to society.

I still stand that America *is not* the worlds Police Force or Welfare Agency. The problem is that many think it should be - like those that think we should get involved with Iran, send Aid to Africa or any number of international issues we get involved with more than any other country does.

Yes, businesses do close for many reasons, but the number one reason is because they could no longer sustain themselves - ie: They Failed.

[scottw]

[QUOTE=JohnnyD;717396]What kind of conservative are you?

With regards to the 10 people living in squander comment I made,




I don't think it's possible to live in "squander" and save money at the same time...

[scottw]

Yes, businesses do close for many reasons, but the number one reason is because they could no longer sustain themselves - ie: They Failed.[/QUOTE]


99% ?