You have it all backwards.
If you can't pay your workers a ****** wage to be able to start a business and make money then that's a pretty decent indictment of government.
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Min wage increase
- Thread starter Joe Bass
- Start date
If you can't pay your workers a ****** wage to be able to start a business and make money then that's a pretty decent indictment of government.
JTR
Well-known member
Try doing something first, then tell us about how easy it is. For example, take out a net lease on a 5000sq ft shop, get some equipment, pay commercial utilities, taxes, WSIB, insurance, etc. and open a fabrication shop with every second patron expecting you to drive to them an hour away and weld their crap for $50. Go ahead and tell me how easy it is to keep the lights on, let alone hire a shop helper.
How about this, retail net leases are about double the price/sqft if not more depending on location. Then you've got to pay for all of the above recurring expenses, in addition to floating your inventory, dealing with theft, returns(most of the time this is not reimbursed by suppliers and has to be eaten by the retailer). Working 17 hour days to start because most new start ups operate in the red and can barely pay themselves a living wage, let alone any hired help. Not to mention that when margins are tight in the beginning, you fret about hiring anybody new because of trust issues, what if the new hire turns out to be a thief, or worse?
See I know you haven't tried any of this, because of the way you speak about how easy it is. How you don't know any of the statistics, or trials and tribulations of starting and running a small business. I've tried, and admittedly failed a couple times to get something of the ground without massive capital behind me. My next venture is actually a fabrication shop that I will be trying to start up in the next year. I know that in order for it to work for me in the beginning, I will have to literally live at my shop, and keep my full time job, putting in 18 hour days between the two. A workshop typically runs $8-12/sqft/yr+HST plus commercial utilities. Just that alone can kill it for many people starting out without a bunch of money in their pocket.
So when I hear somebody say that any new business that can't afford to pay for workers at high wages, is a ****** business, I can't help but think of one famous quote about speaking out of your ***. Although the original source of the quote is a matter of some controversy, the moral remains the same. "[FONT="]Better to remain silent and be thought a fool than to speak and to remove all doubt.[/FONT]"
How about this, retail net leases are about double the price/sqft if not more depending on location. Then you've got to pay for all of the above recurring expenses, in addition to floating your inventory, dealing with theft, returns(most of the time this is not reimbursed by suppliers and has to be eaten by the retailer). Working 17 hour days to start because most new start ups operate in the red and can barely pay themselves a living wage, let alone any hired help. Not to mention that when margins are tight in the beginning, you fret about hiring anybody new because of trust issues, what if the new hire turns out to be a thief, or worse?
See I know you haven't tried any of this, because of the way you speak about how easy it is. How you don't know any of the statistics, or trials and tribulations of starting and running a small business. I've tried, and admittedly failed a couple times to get something of the ground without massive capital behind me. My next venture is actually a fabrication shop that I will be trying to start up in the next year. I know that in order for it to work for me in the beginning, I will have to literally live at my shop, and keep my full time job, putting in 18 hour days between the two. A workshop typically runs $8-12/sqft/yr+HST plus commercial utilities. Just that alone can kill it for many people starting out without a bunch of money in their pocket.
So when I hear somebody say that any new business that can't afford to pay for workers at high wages, is a ****** business, I can't help but think of one famous quote about speaking out of your ***. Although the original source of the quote is a matter of some controversy, the moral remains the same. "[FONT="]Better to remain silent and be thought a fool than to speak and to remove all doubt.[/FONT]"
Has anyone considered the ****** customers that go to the dollar stores or wally world and price match the cheapest? So many complain about job losses as they shuffle off to Walmart.
You can start a business but you have to come up with a new product or service. If it's new the banks won't understand it so no loan. If you get money you buy / lease equipment, hire and train staff. After you train someone they quit and the tens of thousand you spent is down the drain.
Patent something new and see it at Pacific Mall next week. Spend a fortune getting rid of the copy cat and his brother starts up the following week. Thanks government for backing your entrepreneurs.
opening a business, buying an existing business that's failing, or buying a business that's doing well then doesn't, all share a common theme. Under capitalized.
And lack of a proper business plan. If you buy the $250K CNC machine to be more competitive, because non of your competition has a CNC machine, maybe question 1 should be, why dont they have one.
And lack of a proper business plan. If you buy the $250K CNC machine to be more competitive, because non of your competition has a CNC machine, maybe question 1 should be, why dont they have one.
Trials
Well-known member
It's very complicated,
but they do list jobs for motorcycle riders as a valid occupation so it can't be all bad.
JTR
Well-known member
So you can't figure out the simplest economics, can't wrap your head around the fact that simply starting a business does not make one rich. Yet question my comprehension skills?
Just about every statement you make is incorrect. Which explains the quote in my above post. I will also reiterate, Ron White was right.
Answer: Because most businesses fail.
Not everyone wants a business. I earn a good salary but don’t have a business. I also employ people and I pay them well as what they do is valuable to me.
well Joe your partly right, and the quote gives pause for thought. my view is a lot of minimum wage earners have a very good work ethic, some choose lower wage jobs because they have done the grind for 30yrs and now just want to be busy and cover some med costs.
Some are not employable in anything beyond a minimum wage job, they have no marketable talents.
Some just didnt think life through and are now stuck, or didnt get the guidance (or take it) at home, and now there they are. Thier ethics may be just fine, hardest working full serve gas pumper at the station, but its not enough.
Im not sure I should have to pay for a lot of other people bad judgement, covering my own bad ideas is costly enough.
And the ministry of labour, and Revenue Canada, and city bylaw, and TSSA, and ESA, and just about every other government department that can interact with you. "I'm here from the government, and I'm here to help."
I'm quasi-self-employed. We have someone full time JUST dealing with administrative crap that I don't have the patience for. HST. WSIB. Insurance. The other day one of our customers emailed me asking for a registration number for something I'd never heard of.
sburns
Well-known member
Yes but the real reward is all of your effort goes into your pocket, and not someone else's. And that is a great feeling and rewarding beyond materialistic.
Show us one person who said that, ever.
Or admit you need counselling for the voices in your head.
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