View Single Post
  #36  
Old 10-16-2011, 11:18 PM
Pooka Pooka is offline
Pooka
 
Join Date: Sep 2005
Posts: 664
I really love this whole 'unknown' aspect causing a fear of doing business. If you are too stupid to function in an ever changing landscape then you don't need to be in business.

Understanding the system is the key and it always has been. Sitting around and waiting for the right people in Washington to change the laws so you no longer have to think is just being lazy.

A joke from the 1940's:

Three businessmen are having lunch at a high class place. The bill comes. It is $30.

The first businessman offers to pick up the check saying, "I am in the 53% tax bracket, so the government is picking up 53% of the cost of this lunch."

The second man says, "I am in the 90% tax bracket, so let me get it and the Feds will pick up 90% of the cost of this business lunch."

The third man says, "No, let me get it. I sell to the Government with a Cost-Plus Contract, so at my contract profit of 10% I will make $3 on the deal!"

The point is: You have to understand the lay of the land and know that it changes daily. If you can't live with that then you are in the wrong business no matter what business you are in.
Reply With Quote