It would be preferable for people to start up a small
business than depend on a larger business to hire them. Instead, all of our
preparations in life focus on getting hired by someone else. Why enforce the
idea of smaller businesses? It would
create competition within that niche of the economy which will typically reduce
prices, increase innovation and would reduce the chances of a monopolies and/or
cartels (even though they sometimes exist). Also, businesses that produce
goods/services locally have a lower overhead cost when it comes to transporting
their goods/services.
More than likely, the competition created would allow for
better customer service to increase their customer base. Mostly. This would
explain the differences between "mom and pop” shops versus large
businesses/corporations. They both intend and are in need of your money to increase
their profits, however. How would they survive if you didn’t buy their
goods/services?
All of us need a profit. A lot of people, when they think of profits, instantly think of rich people on boats, hedgefund managers smoking cigars, or robber barons. What these people do not see is that your profits also include paying for your operating costs like your supplies, workers, their healthcare and rainy-day funds.
Otherwise, why bother working or doing anything? So, why are smaller businesses so hard to start? Why do these excessively large businesses still exist, “pushing” the smaller ones out of business?
Otherwise, why bother working or doing anything? So, why are smaller businesses so hard to start? Why do these excessively large businesses still exist, “pushing” the smaller ones out of business?
Why do our most influential institutions
(school/college/media) hardly impose the values of entrepreneurship?
I understand that some of you have instantly thought of the
topic of business ethics versus gaining a profit, but I think all of these
questions are equally important.
Thoughts?
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