Republicans Celebrate: The Do-It-Yourself Economy Just Hired 1 Million American Entrepreneurs

  • Posted by a hidden member.
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    Jun 05, 2015 4:57 PM GMT
    http://www.bloomberg.com/news/articles/2015-06-05/the-do-it-yourself-economy-just-hired-1-million-american-entrepreneurs

    Do any of you guys work for yourself or would you like to?

    I've made more money self employed than I ever could have as an employee. It's good to see so many others getting bold enough to create their own success.

  • bobbobbob

    Posts: 2812

    Jun 05, 2015 5:52 PM GMT

    The last "job" I had was in 1978. I was "let go" replaced/fired after my employer found out I was gay. The truth was he was trying to avoid pressure during the anti-gay witch hunts Anita Bryant started. My lover had been fired from his job almost a year earlier. Once that happened he and I decided we'd never work for anyone ever again. We moved close to 800 miles and started 2 separate businesses in case one of them failed. Neither did. In fact both are still going strong today even though he's been dead 20 years and I'm trying to learn how to retire.

    Financially I could have never accomplished what I have working for someone else. More important than that has been determining my own destiny.

    Worrying about if you'll be fired or laid off in bad times is a dead end propostion. There's nothing you can do about it but accept what comes.

    In retrospect, worrying about keeping a business afloat during hard times is just a crossword puzzle with money. You figure it out as you go along.

    When the economy was so bad for us in 2008-2009-2010 we made it work. Before ACA's 50 employee mandate came into effect I leased all the retail branches to the managers - which was something I found out I should have done 25 years ago. They're making more money, running better and so is the production end of the operation.

    You just improvise, innovate and keep on going.
  • Posted by a hidden member.
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    Jun 05, 2015 8:40 PM GMT
    "You just improvise, innovate and keep on going."

    Well said.

    Owning your business is more exciting but it's also much safer than working for someone else or a big company. One of your clients may fire you but it's unlikely that all of them will.

    Still it's not for everyone. You must have good people skills and most of all, you need to put yourself in your clients' position.
    You need to know what your clients want now and anticipate what they will want.
  • sportsjockla

    Posts: 498

    Jun 06, 2015 2:37 PM GMT
    If Republicans are celebrating it's because of Obamacare. Republicans don't do shit for America. I follow Politics closely & I can't think of any piece of legislation they introduced that would allow people to become self employed. Many people stayed "employed" because of health insurance. I'm self employed & have been for 6 years. Money is up and down.
  • bobbobbob

    Posts: 2812

    Jun 06, 2015 9:29 PM GMT


    sportsjockla saidIf Republicans are celebrating it's because of Obamacare. Republicans don't do shit for America. I follow Politics closely & I can't think of any piece of legislation they introduced that would allow people to become self employed. Many people stayed "employed" because of health insurance. I'm self employed & have been for 6 years. Money is up and down.


    Laws are never passed to "allow" people to become self employed until after entrepreneurship has been prohibited. That means prohibitions to stop commerce not only don't work but usually have disastrous consequences.

    Once entrepreneurship has been prohibited it still doesn't stop it. It was completely banned in the USSR in the 1920s. By the late 1920s they realized they couldn't stop it and allowed certain things. In the 1970s the USSR estimated their shadow economy comprised 60% of the nations GDP. They even had their own currency (U.S. Dollars) and was able to "import" goods from other nations, sell them to consumers cheaper than the government owned factories could produce them... and the quality was better to boot. The word 'estimate' is important in the sentence above. Since their shadow economy eluded detection in order to stay in business, all they could do is estimate it.

    The amendment to prohibit liquor in the United States is another example. (That was a bill pushed and passed by liberal progressives by the way - not conservatives) They prohibited liquor and industries of rum runners, moonshiners and men like Al Capone seized on the opportunity to make a profit in spite of the amendment.

    Now here's this article about one million people going into business for themselves. That's an estimate because they have no way of tracking all the people who've created a shadow economy that operates on cash with no taxes all the way from barbers and beauticians who operate from their houses to car and boat mechanics to name a few.


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    Jun 07, 2015 1:56 PM GMT
    sportsjockla saidIf Republicans are celebrating it's because of Obamacare. Republicans don't do shit for America. I follow Politics closely & I can't think of any piece of legislation they introduced that would allow people to become self employed. Many people stayed "employed" because of health insurance. I'm self employed & have been for 6 years. Money is up and down.


    These days both parties are guilty of passing legislation that their donors ask them to but since Republicans have the larger share of big corporate money they are far more interested in protecting their cronies than helping small businesses. Yet they try to sell themselves as the party of self-empowerment.
  • Hypertrophile

    Posts: 1021

    Jun 07, 2015 4:03 PM GMT
    I couldn't agree more that self-employment is the way to go, with a few exceptions. I find it difficult to understand why so many people with mad skills and knowledge, and often a truck full of tools, would want to share their income with an employer. Take the guys who work for Geek Squad, for example. A customer pays Best Buy $150.00 to have someone install a TV. The guy they send spends an hour or two, using his own skills, knowledge and tools, and gets paid about a quarter of that. I do the same thing, charge my clients $120.00, and keep all of it. I make as much or more on one service call than someone with a job makes all day. It's a win-win for both me and my client.

    Further, because of more of my expenses are deductible, my taxable income is less than it was when I was employed, so I pay less taxes, and getting my insurance on Coveredca gives me a great rate on health care.

    Take what you love doing and make money off of it. It isn't hard. I'm not surprised and very pleased that the recent recession motivated more people to do just that.

    friendormate said
    sportsjockla saidIf Republicans are celebrating it's because of Obamacare. Republicans don't do shit for America. I follow Politics closely & I can't think of any piece of legislation they introduced that would allow people to become self employed. Many people stayed "employed" because of health insurance. I'm self employed & have been for 6 years. Money is up and down.


    These days both parties are guilty of passing legislation that their donors ask them to but since Republicans have the larger share of big corporate money they are far more interested in protecting their cronies than helping small businesses. Yet they try to sell themselves as the party of self-empowerment.


    I completely agree. Party lines are not drawn where most people think.
  • Posted by a hidden member.
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    Jun 07, 2015 7:16 PM GMT
    sportsjockla saidIf Republicans are celebrating it's because of Obamacare. Republicans don't do shit for America. I follow Politics closely & I can't think of any piece of legislation they introduced that would allow people to become self employed. Many people stayed "employed" because of health insurance. I'm self employed & have been for 6 years. Money is up and down.


    The republicans in office really don't care about small business. The idea they are pro-business is a joke. They are crony capitalists. True republicans are pro business and anti big-government. That does not describe this group.



  • bobbobbob

    Posts: 2812

    Jun 07, 2015 7:28 PM GMT

    desertmuscl said
    sportsjockla saidIf Republicans are celebrating it's because of Obamacare. Republicans don't do shit for America. I follow Politics closely & I can't think of any piece of legislation they introduced that would allow people to become self employed. Many people stayed "employed" because of health insurance. I'm self employed & have been for 6 years. Money is up and down.


    The republicans in office really don't care about small business. The idea they are pro-business is a joke. They are crony capitalists. True republicans are pro business and anti big-government. That does not describe this group.


    DEAD ON Desertmuscl!!!!! That's why I don't even use the word Republican to refer to myself anymore. I'm conservative and Republicans today are not. They are (just like Democrats) a bunch of lawyers being lawyers working together to get rich screwing the nation.
  • fitartistsf

    Posts: 638

    Jun 08, 2015 4:57 AM GMT
    I am currently in the last steps of starting up my own graphics business... geared to the legal profession... I currently work for the Federal Government, and after the last couple years since Sequestration started, and having been furloughed several times, I am pushing back the fear of striking out on my own, at 53, to create a company that will produce what is known as, "Demonstrative Evidence", graphics created for the courtroom... A job that could conceivably net me 3 times more per hour than what I am currently making as a graphic artist for the Feds... I am actually just about ready to launch my company website, the last step, and hope for my first clients...

    Any lawyers in our RJ brotherhood need graphic support???