David C. Barnett

Und ich dachte, wow, also kannst du eine lokale, in diesem Fall war es eine lokalisierte Rezession in unserer Stadt. But it led to a boom in business startups. And so this experience and this learning from these other guys really helped me understand that you can't just look at surface level numbers. You have to kind of dig below and figure out what's going on.

We know that a huge number of small businesses that get started never really make a lot of money. They're just marginal. People will resort to self-employment if they have no options. Someone who may prefer to be employed because of the benefits of consistent income and health benefits and all that kind of stuff, if they just can't find a job, Well, they've got to eat, right?

We know that a huge number of small businesses that get started never really make a lot of money. They're just marginal. People will resort to self-employment if they have no options. Someone who may prefer to be employed because of the benefits of consistent income and health benefits and all that kind of stuff, if they just can't find a job, Well, they've got to eat, right?

We know that a huge number of small businesses that get started never really make a lot of money. They're just marginal. People will resort to self-employment if they have no options. Someone who may prefer to be employed because of the benefits of consistent income and health benefits and all that kind of stuff, if they just can't find a job, Well, they've got to eat, right?

And especially if they're like a six-figure person who's used to earning a decent salary, unemployment benefits aren't going to cut it. And eventually your savings are going to run low. Eventually maybe you're going to start maxing out your credit cards and stuff. So you realize at some point you've got to take action to get some income flowing.

And especially if they're like a six-figure person who's used to earning a decent salary, unemployment benefits aren't going to cut it. And eventually your savings are going to run low. Eventually maybe you're going to start maxing out your credit cards and stuff. So you realize at some point you've got to take action to get some income flowing.

And especially if they're like a six-figure person who's used to earning a decent salary, unemployment benefits aren't going to cut it. And eventually your savings are going to run low. Eventually maybe you're going to start maxing out your credit cards and stuff. So you realize at some point you've got to take action to get some income flowing.

And for a lot of people, the sort of last resort of where can I go to get some money is to say, you know what, I'm going to have to create something on my own. I'm going to have to do this. So that's why I say that startup statistics may not always be a sign of a booming economy.

And for a lot of people, the sort of last resort of where can I go to get some money is to say, you know what, I'm going to have to create something on my own. I'm going to have to do this. So that's why I say that startup statistics may not always be a sign of a booming economy.

And for a lot of people, the sort of last resort of where can I go to get some money is to say, you know what, I'm going to have to create something on my own. I'm going to have to do this. So that's why I say that startup statistics may not always be a sign of a booming economy.

Sure. So when you start a business, you never ever know for sure if you're really going to meet that startup point or sorry, the breakeven point, right? You start up, you've got some costs associated with starting up, then you're going to get some overhead costs, whether you make a sale or not, you got to pay those things.

Sure. So when you start a business, you never ever know for sure if you're really going to meet that startup point or sorry, the breakeven point, right? You start up, you've got some costs associated with starting up, then you're going to get some overhead costs, whether you make a sale or not, you got to pay those things.

Sure. So when you start a business, you never ever know for sure if you're really going to meet that startup point or sorry, the breakeven point, right? You start up, you've got some costs associated with starting up, then you're going to get some overhead costs, whether you make a sale or not, you got to pay those things.

Und mit Technologie und SaaS-Solutions und all this kind of thing, it's never been easier to start a business. If you just want to think about a basic thing like a retail store, Once upon a time, you had to spend $1,000 on some kind of point of sale system. Now you just need to get a tablet and sign up for Square, right?

Und mit Technologie und SaaS-Solutions und all this kind of thing, it's never been easier to start a business. If you just want to think about a basic thing like a retail store, Once upon a time, you had to spend $1,000 on some kind of point of sale system. Now you just need to get a tablet and sign up for Square, right?

Und mit Technologie und SaaS-Solutions und all this kind of thing, it's never been easier to start a business. If you just want to think about a basic thing like a retail store, Once upon a time, you had to spend $1,000 on some kind of point of sale system. Now you just need to get a tablet and sign up for Square, right?

And you've got a point of sale system, the cash registered solution, the whole thing's there just for a subscription. So things are cheaper than they ever have been, but you start to get these overheads in place. You may have to make an investment in something like inventory, if you're thinking about a retail store again.

And you've got a point of sale system, the cash registered solution, the whole thing's there just for a subscription. So things are cheaper than they ever have been, but you start to get these overheads in place. You may have to make an investment in something like inventory, if you're thinking about a retail store again.

And you've got a point of sale system, the cash registered solution, the whole thing's there just for a subscription. So things are cheaper than they ever have been, but you start to get these overheads in place. You may have to make an investment in something like inventory, if you're thinking about a retail store again.

And so you've got this money going out, then you've got to make sales and on each customer you serve, you're going to make some money. You hopefully eventually get to the point where you're serving enough customers, the money that you make on them in that month is going to cover your bills.