Mushrooming Minorities and the Poor about "Small Business"
I'm back from San Francisco. A wonderful trip! Before leaving the Bay Area I visited Menlo Park and had a picture taken in front of the Facebook sign (with Sun MicroSystems on the back side).
I woke up this morning to some slick guy on C-Span who was a former worker in the Cheney/Bush Debacle. He was shilling for Romney/Rubio and offering small business advice to Latinos. I heard calls from mostly whites, some poor, one poor black male, but no Latinos. Most of the callers could see through the "mushroom" treatment he was speiling. He was also hyping a book, as so many talking heads on the Yin-Yang Media do these days.
Hype about small business is everywhere it seems. I guess most citizens are getting over their denial about the disappearance of jobs and are thinking they can always start a business. They can. But the emphasis should be on the word "start". More than 80% of small businesses in the United States fail within the first two years of operation. But the mushroomers don't tell you that. Also, if you didn't like working for other people, you're probably going to hate working for yourself. Be prepared to work 18-hour days for 7 days a week. Oh, and by the way, be prepared to hock everything you own, and tap your relatives and friends to get started. Bet they don't tell you any of this either.
All of this is because the people out their pushing you to start a business are, more than likely, Money Boys; or their shills -- most likely book-sellers, or politicians. Why do they do what they do? MONEY, honey! Worse yet, it's probably poor people's money that they "lend".
Drucker taught that Money Boys know money, and very little else. They need others to provide ideas, inventions, business concepts. They will not "lend" money to "skinny pigs" (minorities and poor whites) unless you have all of your money on the table and you sign over some or all of your rights and interests to the business, on condition of getting the loan. They have to protect their "collateral".
There are variations of this game for people of all colors, classes, and income levels. Witness the fall-out from last Friday's IPO. There are a great deal of things to learn about making a business successful. Most, who start small businesses, need a mentor who concentrates only on his or her problems and will be available 24/7.
What to do? Before you take money or advice from anyone, look hard at any business they have owned and taken full responsibility for. Second, check out the source of the money they "lend". Fat pigs rape skinny pigs; or, Sharks eat smaller fish, if you like a gentler analogy.
I would be interested in any comments or experiences you would care to share. Gmail: willigl.george@gmail.com.
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