From American Thinker:
President Obama unwittingly defined himself as clueless about business in Roanoke late last week:
If you’ve got a business — you didn’t build that. Somebody else made that happen.
And of course, since you did nothing to build your business, it belongs to “the people” — along with any wealth or profit derived from it. Pretty much what Lenin had to say about the matter, if you recall.
The president is obviously clueless about what it takes to start a business from scratch, having never done anything remotely like that, since his career has consisted entirely of suckling at the government teat.
But having done it myself a few times, perhaps I should take a stab at enlightening him, and those who unfortunately think like him. The process is quite different from being a well-connected campaign donor who tosses together a green energy scam like Solyndra and can depend on government largess to fund it as a kickback for services rendered.
First, you need to take a look at the marketplace and develop a skill, a service, a product, or an idea that people are willing to pay for. Some people obtain these by working for others, figuring out how to do what the company they’re now working for does better, saving up some of their hard-earned money, rolling the dice, and stepping off into space without the safety net of a guaranteed paycheck. Others develop something over time as a part-time income until they feel they have enough business developed and enough of a rep to go it alone, or in partnership with others.
No matter the case, it involves risking all of your assets in exchange for a shot at financial independence. People deny themselves as they squirrel away capital, hit their credit cards, or borrow the money, usually on their homes.