Comment by allknowingfrog 4 days ago
Americans pay a pretty hefty health insurance penalty when they leave steady employment to start their own business. There have definitely been better times to be an entrepreneur in this country.
> Finding investment is harder than usual in this current economic climate, too. At least in some industries like mine.
If I may ask, what industry are you referring to?
Europe/ (Anecdotally India, I have seen some good health insurances for what 50$ here?) might have a better time for being business owners as well.
One of the issues in these countries is usually Funding. I am unable to understand how people get money to fund the projects & have people be willing to pay when there are alternatives which will cut you down as well probably burning through their funding in the first place.
Suppose, I want to create a cloud provider, A) ownership costs went up due to ramflation, B) there are now services which are using VC money which will burn insane amount of money to give users for free.
As a person without VC money or without wishing to seek VC money to simply burn it, (I personally much much prefer seedstrapping and bootstraping), the idea of business ownership becomes difficult as well.
Plus don't forget the fact that the idea of getting a customer becomes hard in the first place given how organic mediums are being overwhelmed (like Show HN etc.) and personally the idea of marketing doesn't really click with me of things like paying for this as if its a rent to the overlords like google and facebook smh but I guess if someone's a business owner, they might be forced to play this game.
Finding investment is harder than usual in this current economic climate, too. At least in some industries like mine.