Quote:
Originally Posted by Ragman
I was the owner of a small (20 to 30 employees) specialty manufacturing and retail company for over 30 years.
Most of that time both the employees and I were paid a good basic wage with a substantial profit sharing arrangement. If the company made money everybody shared, but no profit no bonus. Amazing how everyone did their best to hold down costs and waste. No guarantees, but opportunities to make more.
Individual health insurance was 100% company paid along with vacation and sick days with the amount based on length of service.
and yes, I made more because the return on invested capital was part of the equation.( everyone does understand the principle of risk capital I hope)
You invest in my business and then you can tell how to run it.
With what small businesses have to put up with today from government on down, I thank God I sold my three generation, 100 year old business a decade or so ago.
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No, they don't understand the principle of risk capital, nor that a business starter/owner
earned that money working 80 hours a week, having little or no vacation, little or no time with their spouse and kids growing up, and paying employees came before paying the owner himself, to support his own family.
And this statement by Patty55 (and her whole post) says it ALL:
"I found these people begrudged my success, my toys and my lifestyle, yet they would never have chosen the sacrifices that I did to get there."