G'day
Since reading The E Myth all those years ago I must admit my interpretation of 'Business' has changed.
Now, I see all those 'self-employed' people who think they 'own' a business but in reality the great majority of people don't get paid unless they themselves do the work.
And the 'business' has no residual value, it can't be sold and doesn't have enough margin to employ and pay someone else.
So I would describe my self as 'self-employed' perhaps, but 'engaged' is a more appropriate description than 'employed', as no one actually employs me at all! The lenders don't, the customers don't, broking is one queer fish!
Rolf made the comment about becoming unemployable, well I became unemployable the day I bought my first business on August, 1989.
But with reference to the orginal premise of seeking a link between forum investors and other activities, perhaps people with an entrepenural nature do tend to become more involved in property investing just simply because we probably have less of a 'fall back' position than if employed with annual leave, sick leave, superannuation etc, but conversely, without that regular income it makes it harder to get finance for at least the first few deals.
And then perhaps people seeking like minded people gravitate towards this and other forums or clubs as investing, for all the hype and hyperbole, is still not something that is widely and knowledgeably discussed or even understood.
Just my thoughts on the subject
Kristine
