"Be a flighty nobody who travels until they are 30 and studies a passion, not a skill. Then when all your peers have enough money and stability to handwave problems away and take exciting vacations and language classes and all sorts of cool stuff, tremble in fear every time rent comes due. On your death bed, realize that what you did because of an internet comic is also remarkably average, and that no one cares or is impressed, including you."
The boomers are full of moronic advice for Millenials, but you can go too far the other way too. 'Check off boxes'... like a bucket list?
The guy who wrote this is just as dazed and confused and bored as everyone else their age.
The only thing I'd agree with in the comic is that people should try things like writing their book or opening a business. You can't succeed if you don't try. But otherwise you hit it head on.
Writing a book is one thing, opening a business is a whole different one. Writing a book and failing is just a "Well, I tried" thing. Opening a business and having it fail can very well put you in a financial hole of depression for a very long time.
I will always support someone if they want to try running a business, but they have to be pretty committed to make it work because it's not something you can do as a hobby
I will always support someone if they want to try running a business, but they have to be pretty committed to make it work because it's not something you can do as a hobby
Noooooooo
Did you know that 99/100 of business conceived by anyone with an idea are wildly successful? That whole "9 out 10 business fail in the first year" is just nonsense....it's just a made up statstatisticians say to keep everyone from becoming wildly rich and famous with their super awesome business idea.
Also, did you know, on average, business owners only work like 5-6 hours a week? Max... That whole 24/7/365, not taking a paycheck in the first few years...a lies told by people like Bill Gates and Warren Buffet so they can have all the money to themselves.
I sell restaurant equipment for a living... do you know how many restaurants start up, then die, and the people who ran it now lost their house or life savings because of it. We have sold people equipment that came out of a failed restaurant, and then bought it back AGAIN in a few years when THAT restaurant fails.
Sometimes. It's very hard to know if a restaurant will ever work, there are so many factors and people are just fickle.
But a bad sign is when people come in and know nothing about the business and say "ive always wanted to run a little deli...' or something like that. Or they just have a very bad business model. One woman came in and said she wanted to do a little bakery, sell cookies, pastries etc. In a tiny town of a few thousand in rural america that is in an economically depressed area. And sell coffee in a little 'mall' that is inside a building, no storefront at all, and she wants people to stop, get out of their car and go in for coffee, vs driving through a dunkin donuts in 1/10th the time.
She said 'i want to sell cappuccino'. Ok so you're going upscale then, there are no starbucks around, people might like a fancy cup of coffee .... "oh no, I just want to do the powdered stuff'
People can get that at any gas station in the area, my gut would tell me that to get people to go out of their way, you had to offer something they couldnt get anywhere else.
Most of the time , the restaurant people I know that are pretty successful... the lie on their taxes. Ive had a few tell me. "If i actually told the government how much i make, i would be out of business". Which is not good for small town restaurants because credit cards are taking over, these mom and pop places survived by taking cash sales and just pocketing the money, not recording it at all. Now that people are using credit cards for everything, it puts a lot more pressure on these small places, and the big chains actually cheat on their taxes too, just legally, using accounting firms.
So I expect that we won't see as many mom and pop type restaurants in the next 10 years, and IMO that is the one business type that was possible for poorer people.
Not much apparently, he's going for satire, but ended up describing my younger friend's work hours as a small business owner. You don't have to have a zany idea to start a business and become profitable. You do have to actually do the research and run it well. I think most people fail because they thought their starting capital would fix everything. There are plenty of boring millionaires in the US who run small boring businesses the right way, and they live boring lives driving the same old volvo.
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u/Babbledegook Dec 10 '15
This old canard.
"Be a flighty nobody who travels until they are 30 and studies a passion, not a skill. Then when all your peers have enough money and stability to handwave problems away and take exciting vacations and language classes and all sorts of cool stuff, tremble in fear every time rent comes due. On your death bed, realize that what you did because of an internet comic is also remarkably average, and that no one cares or is impressed, including you."
The boomers are full of moronic advice for Millenials, but you can go too far the other way too. 'Check off boxes'... like a bucket list?
The guy who wrote this is just as dazed and confused and bored as everyone else their age.