Comment on Why don’t more people start profit-sharing companies or co-ops?

partial_accumen@lemmy.world ⁨1⁩ ⁨week⁩ ago

In short, co-ops are the closest socialist/communist business model that’s actually implemented in the U.S., so why are more leftists not doing this?

Starting a business (that is based on a sound and viable business plan that has even a snowball’s chance of surviving its formative early years) is really REALLY hard. It takes massive amounts of money or debt, the early years promise years of having no income for yourself (or paying yourself below minimum wage), it means a staggering amount of hours you need to put in to keep it going, forgoing vacations and important family events, loss of friendships because you’re having to put all your time and energy into the business without socializing, having to work when you’re incredibly ill, incredible amounts of stress (which increases by 10 times when you have employees that now depend on you for their livelihood) and even if you do everything perfect your business can fail leaving you with nothing for the years that you put into it, and potentially also with tens of thousands or millions of dollars in debt. It means many times being force to make decisions that massively affect other people’s lives (your employees or your customers). It can be versions of the Trolley Problem time and time again.

“According to the U.S. Bureau of Labor Statistics (BLS), approximately 20% of new businesses fail during the first two years of being open, 45% during the first five years, and 65% during the first 10 years. Only 25% of new businesses make it to 15 years or more.” source

So ask yourself if you want to go through all of that, and instead of wealth you can live on and support your family with at the end of it, you get simply a “thank you” for building a co-op.

source
Sort:hotnewtop