Hypothetical Question About Starting a Business

[KMAN]

After reading another thread I felt compelled to ask this question.

If you are going to start a business which is the better business model... I realize those of you with no business experience or economics experience will be able to answer but that's fine.

Scenario #1 - You start a business and realize if you make bad decision you may go out of business.

Scenario #2 - You start a business and realize if you make bad decision the government is going to cover your losses.

What do you think is going to happen in each scenario?

 

[midcan5]

What do you think is going to happen in each scenario?

You already told us.

 

[CA95380]

After reading another thread I felt compelled to ask this question.

If you are going to start a business which is the better business model... I realize those of you with no business experience or economics experience will be able to answer but that's fine.

Scenario #1 - You start a business and realize if you make bad decision you may go out of business.

Scenario #2 - You start a business and realize if you make bad decision the government is going to cover your losses.

What do you think is going to happen in each scenario?

Scenario #1 - You start a business and realize if you make bad decision you may go out of business. Opps!

Scenario #2 - You start a business and realize if you make bad decision the government is going to cover your losses. Only if you are a big, BIG, company that has had special interest connections in the past with Washington, DC.

Scenario #3 - You start a business but you are an illegal alien living in the USA - No problem! You got it made!


Next Scenario?

 

[louis30092]

The key is not to rely on anyone but yourself.
Louie Bernstein

 

[KMAN]

Scenario #1 - You start a business and realize if you make bad decision you may go out of business. Opps!

Scenario #2 - You start a business and realize if you make bad decision the government is going to cover your losses. Only if you are a big, BIG, company that has had special interest connections in the past with Washington, DC.

Scenario #3 - You start a business but you are an illegal alien living in the USA - No problem! You got it made!


Next Scenario?

Good point... You have to be a big business that has political connections to get bailed out. These companies wouldn't be getting bailed out if the politicians didn't have money in them.

 

[CA95380]

Many, many years ago, in the area we live, we noticed more and more people opening (buying) small businesses (convience stores, gas stations, fast food joints, etc)... that could barely speak English. At the time all it did was piss us off because you had to almost write down what you wanted to purchase - because they could not understand you.

As time went on we noticed very large, very expensive homes, being built in the area .... houses with 8-10 bedrooms, and attached garages to match, with expensive cars parked in them. We discovered that a lot of foreign people remain in the home with parents for years and years. They had household's that consisted of Grandparents, Children, Grandchildren, Great Grandchildren, aunts, uncles and cousin's coming out the seams.

Now that you look back on it ... maybe they had the right idea, all along? Something to think about anyway. No?