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Reply #120: Ok do you not have INSURANCE [View All]

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undergroundpanther Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-29-05 06:15 PM
Response to Reply #101
120. Ok do you not have INSURANCE
On your business?

And isn't part of INCORPORATING a way to protect YOU from financial ruin if your business venture fails?

Come on..business people have to get capital to start a business at all.If you don't have it or your parents don't you got to ask uncle same for grants or go to the bank or get some rich person to invest in your venture.
A loan means a BANK trusted you and usually it's because of someonme they know knows YOU and says you are a good risk.. That means you were a safe risk for the bank..

A person wanting to get off welfare cannot go to a bank and say Hey,I wannba start a toothpick business and get handed 10,000 bucks captial."seed money".They have to woo the investors.If they don't know the investor class in thier area they will face alot of skeptical inquiries.And most likely be laughed out of the bank.
IAlot of business gets started on an investment banks make in your idea that makes them decide to give you the loan and when you incoroprate there are protections on business owners so that you the owner are not totally ruined if the business tanks. Also you take out INSURANCE. Insurance pays for things like looting,disasters ect..The banks fund most risks small business takes when poor people start up.Also there are GRANTS you don't have to pay back too.

So yeah you put alot of work in running a business,Just like any other worker in this crazty society d does, but it is not work all done by YOU alone..Don't swell your head here.

Having a business does not make you more worthy of life or love or care. You are a suffering struggling scared human being like the rest of us are in a world you cannot control or predict.Get over yourself.
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