I'm trying to say that the world, particularly the developing world, is full of honest to god bourgeois that are hilariously poor compared to those $250k people discussed in the article.
I'm not really equipped for discussion about America, but isn't it crawling with shitty business people whose shitty businesses are struggling to bring any money? What's a median US business owner?
All anectdotal: Petty Bourgeois who employ a sizable number of people (not mom and pop shop types who employ 1-2 extra people, and let’s be real these people are rapidly being put out of business by megacorps) would be in the article’s income range. Someone who owns a few subway locations is probably making as much or just a bit lower than a west coast coder. But they don’t live on the west coast they get to live like gods in Hickory Sticks, GA where things are cheaper.
Start up costs sound high and profitability sounds low but subway was a stand in, it’s not the industry I’m familiar with. If you roughly halved the start up cost that sounds more accurate to me and honestly I wonder if the profits sound lower because the owners are “paying themselves a salary” which obfuscates what’s really coming over the bottom line
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I'm trying to say that the world, particularly the developing world, is full of honest to god bourgeois that are hilariously poor compared to those $250k people discussed in the article.
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I'm not really equipped for discussion about America, but isn't it crawling with shitty business people whose shitty businesses are struggling to bring any money? What's a median US business owner?
All anectdotal: Petty Bourgeois who employ a sizable number of people (not mom and pop shop types who employ 1-2 extra people, and let’s be real these people are rapidly being put out of business by megacorps) would be in the article’s income range. Someone who owns a few subway locations is probably making as much or just a bit lower than a west coast coder. But they don’t live on the west coast they get to live like gods in Hickory Sticks, GA where things are cheaper.
Interesting. I've just looked it up and supposedly one Subway restaurant costs around $250k to start and generates about $30k of profit a year.
Start up costs sound high and profitability sounds low but subway was a stand in, it’s not the industry I’m familiar with. If you roughly halved the start up cost that sounds more accurate to me and honestly I wonder if the profits sound lower because the owners are “paying themselves a salary” which obfuscates what’s really coming over the bottom line
Those profits do sound surprisingly low.
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