Why should business owners make more money than their employees?
A friend of mine pointed something blatantly obvious to me that I honestly never considered.
As a (Small) business owner, I sometimes feel guilty that I make more money than my employees. My friend told me that I deserve it because I take on risk. And I've heard that before but it actually never resonated with me until he put it this way.
"It takes balls to do what you did. They don't have the balls to start something up like you did."
"You put down the money to start it, jumped through the hoops, and pulled the f***ing trigger when 99% of people don't have the balls to do it."
When my landlord was looking for new tenants in our building i was helping him filter people out. And he made a comment that also works here about one possible tenant that I was pretty high on.
"Some people like the idea of starting a business. They will do all the due diligence, all the bs, but when it's time to pull the trigger, they just delay delay delay."
And that's just it. They don't have the balls. I got rewarded for having the balls to pull the trigger on taking risk. Most of us are terrified to do that. For whatever reason I wasn't. And because of that, I get rewarded.
If one trainer gets sued, I get sued, if a trainer makes less money, I make less money, if a trainer leaves, i'm still stuck with the bills, when they leave the gym they can go home and think about nothing and I still have to think about everything. It takes balls to invest all your money and headspace into a project. And the truth is, most people aren't willing to do it - which is totally fine. And I recommend that to most people. It takes a certain personality to be able to deal with that, and that's why there are more employees than business owners. It's not for everyone.