Start Them Young – Entrepreneurial Skills All Kids Should Learn
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@scottalanmiller said:
@dafyre said:
Ah, ok. I gotcha. I ran a computer store for while, but there were no real employees to speak of, and this was before health insurance, etc. was required for small shops. My Pops did a lot of the accounting and the IRS paperwork, so I never had to deal much with it.
Yeah, it's not running a shop that does it so much, it's getting paid on a 1099 and/or having employees to pay that really exposes it. If you run your own business with only you as an employee you can do so many things to funnel yourself tax-free money that it covers up the pain that the business-side taxes inflicts.
And having a side business as a sole proprietor is nice because as long as you are employed somewhere else, your taxes are usually taken care of. You can pretty much write off enough to cover most of your side business income (depending how busy you are).
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Which hides much of the overhead and complexity.
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@scottalanmiller said:
Nearly every one of these is a skill that are specifically crushed by the US education system systematically.
And yet the US produces more highly successful entrepreneurs than pretty much anywhere else in the world...which just backs up my theory that these aren't skills that entrepreneurs need or generally have.
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@Carnival-Boy said:
And yet the US produces more highly successful entrepreneurs than pretty much anywhere else in the world...which just backs up my theory that these aren't skills that entrepreneurs need or generally have.
But that's not why. The skills are universal. The US produces entrepreneurs in droves only because we produce investors in droves. Nearly all countries have entrepreneurs at similar levels, I'd argue that Central America produces them in much higher quantity by percentage of population. But the US produces rich ones because there is startup capital available. Almost no one else has that.
