We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
"What I like to do is to start businesses. It can be any kind of business, I've done everything from restaurants to specialty wire manufacturers. Most fail, some struggle along, some do OK, and occasionally there is a home run. It's great fun, all of it."
Wirraway, your ignorance is manifest. This is not my quote, but it could be as I have started 15 businesses in 30 years and 2 failed in just the past year. My investors know my track record and are thrilled to have the opportunity to invest. There are thousands of people who still have jobs today due to businesses we started years ago. New innovative businesses are a trial and error process.
In my old industry, Telecom, I've known a number of guys that either got laid off or on the flip side, did very well. Both types tried to start their own related business.
Most of those businesses failed. The one that succeeded usually ended up hiring all the rest of the guys. Why? Because the guys that had the balls to try to make a go of it had better than average drive and talent. And all of them knew how to put in a full days work.
Of course that was back in the old days, triple layers of taxes, startup costs and regulations. Now, In the peoples Republic of Mass.
the great fulfillment of my life has been starting and building businesses...but there's zero chance I'd start one in the US. When the President, Senator Warren, et al, condemned entrepreneurs with screams of "YOU DIDN"T BUILD THAT", they didn't do it because they're Kenyan Communists. They said that because they wanted to get political power. Old American values are all gone. Current American culture hates entrepreneurs (and I mean HATE). That is their right. But they can't avoid the consequences. The 143 employees of my new venture are all in London and Singapore (where people still enjoy working).
The entrepreneur quoted is indeed a commonality in all of these failures. Other no less significant commonalities include a regulatory environment and a finance environment. More commonalities exist than are apparent.
It is a simplistic argument to assert that someone who has a track record of more failures than successes should "specialize in what he's good at rather than flushing investor money".