Posted on 12/17/2010 11:13:41 AM PST by econjack
By Porter Stansberry November 18, 2010
I'd like to make you a business offer.
Seriously. This is a real offer. In fact, you really can't turn me down, as you'll come to understand in a moment...
Here's the deal. You're going to start a business or expand the one you've got now. It doesn't really matter what you do or what you're going to do. I'll partner with you no matter what business you're in - as long as it's legal.
But I can't give you any capital - you have to come up with that on your own. I won't give you any labor - that's definitely up to you. What I will do, however, is demand you follow all sorts of rules about what products and services you can offer, how much (and how often) you pay your employees, and where and when you're allowed to operate your business. That's my role in the affair: to tell you what to do.
Now in return for my rules, I'm going to take roughly half of whatever you make in the business each year. Half seems fair, doesn't it? I think so. Of course, that's half of your profits.
You're also going to have to pay me about 12% of whatever you decide to pay your employees because you've got to cover my expenses for promulgating all of the rules about whom you can employ, when, where, and how. Come on, you're my partner. It's only "fair."
Now... after you've put your hard-earned savings at risk to start this business, and after you've worked hard at it for a few decades (paying me my 50% or a bit more along the way each year), you might decide you'd like to cash out - to finally live the good life.
Whether or not this is "fair" - some people never can afford to retire - is a different argument. As your partner, I'm happy for you to sell whenever you'd like... because our agreement says, if you sell, you have to pay me an additional 20% of whatever the capitalized value of the business is at that time.
I know... I know... you put up all the original capital. You took all the risks. You put in all of the labor. That's all true. But I've done my part, too. I've collected 50% of the profits each year. And I've always come up with more rules for you to follow each year. Therefore, I deserve another, final 20% slice of the business.
Oh... and one more thing...
Even after you've sold the business and paid all of my fees... I'd recommend buying lots of life insurance. You see, even after you've been retired for years, when you die, you'll have to pay me 50% of whatever your estate is worth.
After all, I've got lots of partners and not all of them are as successful as you and your family. We don't think it's "fair" for your kids to have such a big advantage. But if you buy enough life insurance, you can finance this expense for your children.
All in all, if you're a very successful entrepreneur... if you're one of the rare, lucky, and hard-working people who can create a new company, employ lots of people, and satisfy the public... you'll end up paying me more than 75% of your income over your life. Thanks so much.
I'm sure you'll think my offer is reasonable and happily partner with me... but it doesn't really matter how you feel about it because if you ever try to stiff me - or cheat me on any of my fees or rules - I'll break down your door in the middle of the night, threaten you and your family with heavy, automatic weapons, and throw you in jail.
That's how civil society is supposed to work, right? This is America , isn't it?
That's the offer America gives its entrepreneurs. And the idiots in Washington wonder why there are no new jobs...
Question: “Why Are There No Jobs In America”
Answer: Globalization
What happened to all those people that were telling us this was a good thing?
Globalization
Yeah....There used to be several right on this broad, who tried to convince all globalism was good for America...
That worked out really well huh?
That goofball, Ross Perot, had it right all along, huh?
Ya mean 100,000 companies and businesses move to low wage countries like Mexico and Communist China, while flooding the U.S. with 30 million low wage legally aliens didn’t work out too well? What happened to all those people that were telling us this was a good thing?
Globalization
Yeah....There used to be several right on this broad, who tried to convince all globalism was good for America...
That worked out really well huh?
Bingo! I don't think we can even make a total weapons system in house.
I didn’t even touch the broad, I swear!
What is the solution to globalism?
Bet the rent...
Precisely why I sold my software company.
Libtards are libtards, republican or demtard.
The worst republican is still far better than the best demtard.
bfl
I just had lunch with a major contractor in San Diego. He was relating how they are being hit by CARB, AQM, EPA, Osha and the city with inspections, regulations, growing fines.
He was told that all the agencies are stepping up the fines to pay for their existence. The number of jobs are down..so they are concentrating their efforts on those that are working. Plus one of their major jobs in enviromental restoration. Net improvement is zero, but millions is being spend digging up soil in one place and moving it to another for so called “disposal”. Make work, make regulations, make enforcement, make fines..govt makes money.
I’m curious (and I don’t want to subscribe to the Stansbury Report) do you know what they are referring to in Report #5 ?
(That guy really needed a Pause or fast forward in that extremely LONG and PAINFUL Video ... dangit)
TT
BM
Another is the rich people and corporations invest their money in China, India,Indonesia, Mexico and so on and so forth.
What big business ,big government have forgotten is those employees that you layed off when you moved all those factories overseas to get slave labor and much higher profits and whose wages you try to keep down or lower by flooding the country with illegal aliens.
They, [the employees who no longer have those exported good paying jobs]might have been considered greedy liabilities when you moved your factories offshore in search of ever increasing profit margins by cutting production cost[wages], what you forgot was that while inside your plants, offices and research labs they might have been liabilities, while outside they where your millions of loyal, good wage earning, money spending CUSTOMERS!
Now after years of corporations rushing to the gold fields of cheap/slave labor outside the YOU S OF A, greatly aided by the removing of tariffs by your political hirelings, you have succeeded in destroying your customer base,better known in the past as blue /white collar workers or the golden goose.
So all of you big foreign investors are going to have to wait till all of your slave labor China employees Communist leaders decide to let them have enough of the money they work for to become wealthy enough to replace those greedy American employee/customers you erased.
Same with Mexico, Vietnam, Korea ad nausem.
Don't hold your breath.
You should have been satisfied with the 20-40% profit and negotiating with your greedy employees every 3-5yrs for them 3-5% packages.
My proof for the wrongness/rewards of greed and not investing in your home.
I offer as proof America of the Fifties and sixties and the economic disaster of the America today.
So that makes you think there are plenty of jobs for everyone because YOU get calls? You are apparently in the right slot at the right time, enjoy it while you can. I used to have people calling me every day 25 years ago asking me to come and work on a machine at $40. an hour, that would be equal to at least $100. an hour now. Nothing lasts forever.
This is a common misconception. The average US rate of return for US corporations, during good times (not like now), is historically 3.5%. This means that most US corporations would be better off liquidating their assets and putting them in CD's than put up with the hassle of running a company. The idea that companies earn 20-40% is a very large and completely bogus myth.
There are (a few) jobs in America. But for these you have to live on the Left Coast, in the liberal Seattle area.
No sorry and yes too long
Yeah I know. I’m not looking forward to the next 20 years. I am going to start planning on alternatives now.
BTTT
EXACTLY!
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