mar 🇺🇲🇨🇦 on Nostr: I heard on a podcast that small business are always struggling due to fiat always ...
I heard on a podcast that small business are always struggling due to fiat always losing value over time and it's a never ending battle uphill which ends to them going bankrupt.
Most people don't understand that and that's why so many small businesses come and go. I have rarely met anyone that last longer than 5 years. So many immigrants come here motivated to start a business without understanding the monetary system and the fact that government has no intention of removing regulations to help small business.
Most business are highly in debt too.
Real estate is actually another big problem because the rents are extremely high which cuts deeply into profits not to mention labor costs.
I try to avoid small business especially after covid. So many are struggling, and stressed out that service is terrible now.
The whole system has to come down before it's worth starting a business. Much easier and less headaches to just work and save in Bitcoin.
Eventually those with Bitcoin savings will have a head start and will be able to start a business but not before real estate crashes. Don't trade your precious Bitcoin for overpriced real estate.
Running a business is hard and if you somehow managed to keep it running in the fiat system you should be proud.
Most people don't understand that and that's why so many small businesses come and go. I have rarely met anyone that last longer than 5 years. So many immigrants come here motivated to start a business without understanding the monetary system and the fact that government has no intention of removing regulations to help small business.
Most business are highly in debt too.
Real estate is actually another big problem because the rents are extremely high which cuts deeply into profits not to mention labor costs.
I try to avoid small business especially after covid. So many are struggling, and stressed out that service is terrible now.
The whole system has to come down before it's worth starting a business. Much easier and less headaches to just work and save in Bitcoin.
Eventually those with Bitcoin savings will have a head start and will be able to start a business but not before real estate crashes. Don't trade your precious Bitcoin for overpriced real estate.
Running a business is hard and if you somehow managed to keep it running in the fiat system you should be proud.