150K Masters degree, to become a Deli Clerk

[Ns1]

I constantly hear the term used to describe anyone who starts a business, no matter how established that particular type of business.
...
I once heard a guy who had just opened a soft-serve ice cream stand call himself an "entrepeneur". Yeah, sure.

that's pretty much the definition of an entrepreneur - being a visionary is not a requirement.

 

[MongGrel]

True entrepreneurs do not need to go to college to learn how to be an entrepreneur. What a fail degree.

Obviously he does not have what it takes to become one, even with all that learning how to be one he ends up doing highschool dropout work.

Anyone that did that probably has a very large trust fund and doesn't care to begin with just to say they have a degree in it.

I've met at least one person in my life, used to be my sister-in-laws boyfriends brother, sounds pretty abstract, but is true.

His dad was a CEO in a large company, he mostly played all the time and didn't worry about much in general.

 

[Carson Dyle]

that's pretty much the definition of an entrepreneur - being a visionary is not a requirement.

Sorry, it's certainly not my definition. No, you don't need to be a visionary, but you do have to have something unique, or something that goes against the grain. Opening a Papa John's franchise or a barber shop does NOT require anything resembling entrepreneurship.

 

[Ns1]

Sorry, it's certainly not my definition. No, you don't need to be a visionary, but you do have to have something unique, or something that goes against the grain. Opening a Papa John's franchise or a barber shop does NOT require anything resembling entrepreneurship.

meh

entrepreneur
[ahn-truh-pruh-nur, -noo r; French ahn-truh-pruh-nœr] Spell Syllables
Examples Word Origin
noun, plural entrepreneurs [ahn-truh-pruh-nurz, -noo rz; French ahn-truh-pruh-nœr] (Show IPA)
1.
a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.

 

[Carson Dyle]

entrepreneur
[ahn-truh-pruh-nur, -noo r; French ahn-truh-pruh-nœr] Spell Syllables
Examples Word Origin
noun, plural entrepreneurs [ahn-truh-pruh-nurz, -noo rz; French ahn-truh-pruh-nœr] (Show IPA)
1.
a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.

Exactly.

 

[Ns1]

Exactly.

opening up a mcdonalds carries considerable risk and initiative. Opening up a soft serve ice cream joint also takes initiative and carries risk.

 

[smackababy]

opening up a mcdonalds carries considerable risk and initiative.

I actually think opening up a McDonald's is relatively low risk. It also takes a huge amount of capital. Have you ever seen a McDonald's that closed down due to lack of business? Me neither.

 

[MongGrel]

Probably has been done but jumps to mind.

https://www.youtube.com/watch?v=YlVDGmjz7eM

 

[Ns1]

I actually think opening up a McDonald's is relatively low risk. It also takes a huge amount of capital. Have you ever seen a McDonald's that closed down due to lack of business? Me neither.

No, but I've seen quite a few burn down - I'm gonna guess that's the franchisee's problem, not corporate's.

 

[MongGrel]

I actually think opening up a McDonald's is relatively low risk. It also takes a huge amount of capital. Have you ever seen a McDonald's that closed down due to lack of business? Me neither.

Just takes a lot of money, have a buddy of mine knows people have at least half a dozen franchises, two of them got married years ago and to combine to a dozen and they had a week long wedding at the Breakers in Miami years ago with a huge party.

I wasn't there, just heard about it.

If you have the money to set one up it's just money in the bank.

 

[Ns1]

Just takes a lot of money, have a buddy of mine knows people have at least half a dozen franchises, two of them got married years ago and to combine to a dozen and they had a week long wedding at the Breakers in Miami years ago with a huge party.

would you call him an entrepreneur?

 

[MongGrel]

Nope, same as I wouldn't the other guy.

That's just inherited money.

 

[smackababy]

Just takes a lot of money, have a buddy of mine knows people have at least half a dozen franchises, two of them got married years ago and to combine to a dozen and they had a week long wedding at the Breakers in Miami years ago with a huge party.

I wasn't there, just heard about it.

If you have the money to set one up it's just money in the bank.

In order to open one, you need something crazy. Like at least $1 million in assets along with something like $250k in liquid assets. And, from what I've heard, very few people who open McDonald's don't make a ton of money on it.

 

[Ns1]

Nope, same as I wouldn't the other guy.

That's just inherited money.

As in, inherited 6 mcdonalds franchises?

Cuz otherwise I don't know what the fuck kind of world ya'll live in where a guy who starts 6 mcdonalds franchises isn't an entrepreneur.

 

[NoTine42]

That's probably one reason why he can't get a job; can you imagine the interview question "so tell me more about this entrepreneurship degree..."? I can't see how he can answer that question in a positive light.


To add to that, he has almost the same arguments working against him as hiring an overqualified worker - "oh as soon as he gets his business going he's gonna be outta here for sure. Let's hire someone else who looks like they'll stay."

And #2. Is there any other degree that clearly advertizes "I'm outta here as soon as I get my side business going"? It's the sorta degree that might only be valuable to an actual entrepreneur that wants extra business help.

 

[BoberFett]

Sorry, it's certainly not my definition. No, you don't need to be a visionary, but you do have to have something unique, or something that goes against the grain. Opening a Papa John's franchise or a barber shop does NOT require anything resembling entrepreneurship.

False

 

[mikeford]

Works in a deli, needs $200/month in food stamps.

 

[Carson Dyle]

Works in a deli, needs $200/month in food stamps.

Yeah, who needs anything else when you can have all the pastrami and potato salad you can stuff in your pockets?

 

[Imp]

I actually think opening up a McDonald's is relatively low risk. It also takes a huge amount of capital. Have you ever seen a McDonald's that closed down due to lack of business? Me neither.

I actually have... They opened it in a really busy area with tons of foot traffic. It was in Chinatown though. In Canada, you can open a Tim Horton's in the middle of nowhere and they usually survive -- that's what replaced it and it's still going strong years later. A Starbucks died close to that location too...

 

[dn7309]

we need to have a college debt and unemployment thread

 

[xaeniac]

ATOT once again slams these poor peeps

 

[LegendKiller]

ATOT once again slams these poor peeps

Poor peeps?

You think they are blameless?

I assign at least 10% blame to them, 70% to Congress and 10% to the PE fund. Why only 10% to the PE fund? Because if Congress were doing their job this wouldn't be happening.

 

[PingSpike]

Yeah, who needs anything else when you can have all the pastrami and potato salad you can stuff in your pockets?

Yeah, what the fuck? Did this guy not pay attention in entrepreneur school?

 

[QuantumPion]

Yet another person who was loaned more money than they will ever be able to pay back.

And yet if he were denied the loan, the bank would be called evil for standing in the way of someone getting an education they are entitled to.

 

[GasX]

I actually think opening up a McDonald's is relatively low risk. It also takes a huge amount of capital. Have you ever seen a McDonald's that closed down due to lack of business? Me neither.

It is hugely capital intensive and you have to look at what your ROI might be. Current trends actually add to your risk as McDonalds is very unhealthy food and sources exclusive from factory farms. While much of America doesn't give a crap, the proportion of americans that do is growing. Why do you think the contents of a happy meal have evolved so much in the past few years? So while owning a Mickie D's maybe a license to print money, it might not be worth the initial investment if you actually did some due diligence...