People are lazy...stop complaining and open your own business

Amen. And you MUST return phone calls. The soft skills will place you above others.

 

I didn't say you were an Obama supporter. Obama said "you didn't build that" insinuating that they helped. Government is a nuccence when it comes to starting and running a business.

Business owners are also unpaid tax collectors.

 

phone calls?..i am on the phone all day long..i am the secretary..book keeper..salesman..mechanic..janitor..leader..and who knows what else...if my typing is bad its because i am on the phone right now and doing contracts too

 

I'm a business owner and you're wrong.

Are you a business owner?

 

Government should be a nuisance, but for the right reasons, like cracking down on those who hire illegal immigrants, and outsource jobs.

 

When I started my company I had a friend who wanted me to hang out with them. She kept saying "you can't do that", it won't work. Other people used to say, "I'm going to start a business and make a million dollars".

The naysayer and focusing on yourself is not a good attitude. Ignore the naysayers, and focus on serving your customer well.

 

Yes I'm a business owner and I am right.

 

Me too...but my problem is making money fast enough. Right now all my money goes back into it. I always need more space , more dirt, more pots.. etc. It is a growing business. I need more stock just to meet demand. I borrowed nothing for startup. I just worked my job and used my little bit of overtime .... and did without. I do hope to get a better truck soon.

 

Most people don't want to take the risk. The corporations love that mindset since it gives them all the workers they need.

 

This is where people could get into trouble. If you re-invest your money and don't put enough aside to pay quarterly taxes you'll pay fines. I know someone who did that.

 

Do you own a job or do you own a business? Do you know the difference?

 

paying the taxes is always the biggest downfall...as a owner you will pay 15.3% fica on yourself..10% for each employee..workers comp which for me is 17%..and income taxes both fed and state which for me is 25%..each quarter...

 

And of course being that you're an S-Corp your profit is reported on your personal tax return in the same year and you pay taxes on it even though you have to keep some of the money in the business (retained earnings) after all employees and vendors want to be paid in January.

Profits remaining in the S corporation for expenses in the following year after the end of the tax year will, however, generally be taxed as retained earnings - meaning that the tax on the all of corporation's profits in a tax year is due from the shareholders even if the all of the profits are not distributed to the shareholders prior to the end of the tax year.

 

A lot of people don't have a basic understanding, they are taught to work for someone else. Before I started my company I read a lot about business. I read Robert Kiyosaki books and Kiyosaki and Trump hooked up and wrote a few books, one book called Midas Touch and those books put a lot together for me.

Many people start a business but in reality they own a job (their business can't operate without them). There is nothing wrong with it but a business that crosses over to the B side of the quadrant (below) can operate without the owner. Most want to grow the business so they keep working. Build a B type business and eventually sell it.

I started out as an E (employee working for someone else) then started a business as an S (left side - self employed), grew it and moved to a B (the right side - hired employees) and I'm also an I (investor). I contribute part of my success to reading books written by Kiyosaki and Trump. It also took me taking action.

 

The IRS has no strict rule for how often a business may declare a loss or in your case no profit, but abuses of business loss write-offs have led the IRS to develop audit techniques to determine whether or not a business is in fact a for-profit enterprise. Therefore, if your business shows more years of losses than gains, you could trigger a closer look from the IRS as to whether you are operating a legitimate business, based on something called the "hobby loss rule."

I've showed a profit for many years, although the IRS didn't audit me my state audited me. It cost me a bundle for them not to find anything wrong.

 

You are too stuck on the idea that you need to have a brick and mortar business or a firm. Plenty of young people start businesses creating websites, doing marketing, selling insurance/financial planning, and dozens of other things that require little or no capital to get started and can usually be done in conjunction with a part time or even full time job.

The fact is, most people don't have what it takes to be an entrepreneur.

 

Why should business owners be responsible for determining who is prohibited from having a job? Being an unpaid INS agent and held criminally accountable is ridiculous. As for outsourcing, socialists do love their protectionist legislation. The rest of us know that it's economically regressive.

 

Obviously, most people don't. It takes a unique personality and circumstances to facilitate that. My grandfather never worked for another man as an adult, probably had over a dozen completely different kinds of businesses, and I have no clue how he did it.

For this reason, it is silly to talk about basing an economy on everyone being an entrepreneur. This is equivalent to basing a society on everyone becoming a physicist.

I may not know everything there is to know about starting a business, but I do know the importance of comparative advantage. You cannot simply pick an industry and then go for it--you need to know what the hell you are doing first. This is the crucial thing. You need to know how to start a business, have a good idea, and then actually know what the hell you are doing.

 

No, you guys have no loyalty to your own people, and this behavior is borderline treason. It's funny how conservatives often go after liberals for being unpatriotic, but they are every bit as treasonous and lecherous as the liberals. Any business that hires an illegal deserves to be crushed without mercy, along with the illegal.

 

"Many years ago..." How many? Be specific, please.
"most people owned their own small business. .." Really? Stats please. Percentage of population.

This is opinion disguised as fact.

 

I think the point is that people think they know it all, think they know what is involved in running a business, (repeat liberal talking points) but call them on it and these same know it alls have nothing but excuses.

 

It's democrats and liberals who defend people coming here illegally, most only parroting liberal talking points. They have to eat so what do you suggest? Welfare? You want it, you got it and they're taking your jobs and because there is a lot of supply (people wanting jobs) it keeps pay rates down.

You should be a lot smarter in what you demand, in this case you're only hurting yourselves.

I don't have illegal alien employees and yes, liberals are unpatriotic.

 

Of course the libs are clueless on this, but conservatives also overestimate how many people can actually be entrepreneurs, among other issues.

 

I don't want any illegals here. In fact, I want to cut off all immigration for a while. I'm tired of watching wages remain stangant because the corrupt want to get the cheapest labor they can, even at the expense of the country.

 

As I said before, why isn't Obama and Liz Warren helping you build that.

Overestimate? lol, so if you can't start and run a business I'd say you depend on others to run a business and employ people. I'd suggest you stop attacking business owners who employ people so you can get a job. Stop biting the hands that feed you.