this post was submitted on 26 Feb 2024
564 points (92.7% liked)

Canada

7188 readers
342 users here now

What's going on Canada?



Communities


🍁 Meta


πŸ—ΊοΈ Provinces / Territories


πŸ™οΈ Cities / Local Communities


πŸ’ SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


πŸ’» Universities


πŸ’΅ Finance / Shopping


πŸ—£οΈ Politics


🍁 Social and Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] Aux@lemmy.world -2 points 8 months ago (1 children)
[–] whostosay@lemmy.world 1 points 8 months ago (1 children)

I wasn't born with money stolen via exploitation. Not an option for me and 95% of the planet.

[–] Aux@lemmy.world 0 points 8 months ago (1 children)

You don't need much money to open a business. You just need to pay a small fee to register a company, anyone can manage that.

[–] whostosay@lemmy.world 0 points 8 months ago (1 children)

Does this small fee include cushion money for not turning a profit in years?

[–] Aux@lemmy.world 0 points 8 months ago (1 children)
[–] whostosay@lemmy.world 1 points 8 months ago (1 children)

On average, businesses do not even break even for 18 months, and don't turn a profit for 2 or 3 years, up to 5 for restaurants if they don't fail. How should I pay for things during this time? What happens if I fail, where does the money come from to take care of any debts from taking out loans for the business as that would be the only way for me to achieve the amount of money required to do this?

It's not the same playing field, and to act like it is is just ignorant.

[–] Aux@lemmy.world 1 points 8 months ago (1 children)
[–] whostosay@lemmy.world 1 points 8 months ago

Agreed, but it could be better everyone and I hope you also strive to make that happen. Take care