66 - Male Vs Female Entrepeneurs

Someone once said that when all paths are closed to you the first one that opens up is the one you're supposed to take. That's kind of how I've felt running my own businesses my entire life. Starting your own business from scratch in most cases does not lend itself well to running a family and keeping a woman in your life. Unless of course your partner is also an entrepreneur. But then money can be even more tight if you don't know how to manage it. That's the thing about working for yourself, each and every month you're going to make a different sum of money. There is no steady paycheck, no security and the pace of change is something very hard to keep up with. So unless you want to get into debt really fast you need to watch your money like a hawk and live well below your means. If you don't do that you will find yourself in debt quite quickly. And you need to always keep more money around then

you think you'll need. Before the days of corporations most people were crafts people, farmers and artisans. Essentially the economy for the most part was built by entrepreneurs. The only group back then not producing their own goods and wealth were the aristocracy and they would tax everyone and love off the productivity of others. Today companies have found ways to extract peoples productivity for a steady paycheck. You are selling your labor for relative stability. You know how much you will be paid every two weeks so it's easy to get a mortgage, finance a car and get married. A woman can assess how much you make and she can quite often allocate where a good portion of your earned income is going to go, especially if you have a family and she's a bit bossy. But without a steady paycheck relationships with a wife and children become strained and often fail because you're not a steady provider. Another problem with being an entrepreneur these days is that with the internet people in third world countries can sell goods and services into Western economies and you can't compete with them.

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