formalcapybara@lemmy.world to Mildly Infuriating@lemmy.worldEnglish · edit-22 months agoMy friend on his career plans this year he runs the companylemmy.worldimagemessage-square58fedilinkarrow-up11arrow-down10file-text
arrow-up11arrow-down1imageMy friend on his career plans this year he runs the companylemmy.worldformalcapybara@lemmy.world to Mildly Infuriating@lemmy.worldEnglish · edit-22 months agomessage-square58fedilinkfile-text
minus-squareUnderpantsWeevil@lemmy.worldlinkfedilinkEnglisharrow-up0·2 months ago BECAUSE HE’S THE OWNER AND GETS ALL THE PROFITS. Unless he’s up to his eyeballs in debt, in which case he’s just an employee of his lenders.
minus-squarebassomitron@lemmy.worldlinkfedilinkEnglisharrow-up0·2 months agoYeah, tons of small business owners often make diddly squat in profit. They might pull in a 7-digit revenue, but if their overhead and/or debt is crazy high, they might actually only be making like $50k/yr in take-home pay, if even that.
minus-squareReverendIrreverence@lemmy.mllinkfedilinkEnglisharrow-up0·2 months agoI’d be happy to make only $50k/yr
Unless he’s up to his eyeballs in debt, in which case he’s just an employee of his lenders.
Yeah, tons of small business owners often make diddly squat in profit. They might pull in a 7-digit revenue, but if their overhead and/or debt is crazy high, they might actually only be making like $50k/yr in take-home pay, if even that.
I’d be happy to make only $50k/yr