Nobody seems to be writing much this week. Maybe it is the oddball weather or the long weekend coming up. My mind is still working but my energy to sit down and type it out is lower then normal.
Everyone in this little community of ours seems to think that having your own small business(es) is the best answer to employment. This does have some real advantages like making your own hours, not having to take a bosses shit, working from home and potentially being able to live way out in the boonies. While all of these are wonderful theories reality is often a lot less pretty.
Small businesses fail quite often. When times get bad and all businesses get squeezed the small guys have the least padding (savings and potential easy cost cuts). If you are wise enough not to put much (could be 5k or $500 depends on your finances) the time that you aren't somewhere else earning money is a problem. The two small businessmen I know well enough to have some idea of how they are doing are doing bad. Cuts of 30% in earnings area real problem.
Particularly the idea of "recession proof" small businesses is sticking in my teeth like a little piece of tough meat. In fact I would say that genuinely recession proof small businesses which do not require highly specialized skills or large start up costs is at best very rare. Don't let me get you down but I'm just a guy calling it how I see it.
There is something to be said for having a secure job at a viable business or institution which is not going to fail. I will not make a ton of money where I am now but that check is going to hit my account on the 1st and the 15th.
My mother works for a state agency. She has been there for almost 20 years and short of committing a felony at work she would be impossible to fire. As she put it in a conversation we once had "I could start smoking crack now and they still couldn't get rid of me. I would be able to string along pretending to go to rehab and stuff for the last couple years."
Now someone is saying that as a guy who writes a blog that has the word libertarian in it I should be against working in anything but the private sector. Eh conceptually you may be right but in real world terms what an individual or two do or don't do for work isn't going to change anything in any way.
There is some wisdom to getting the most secure employment you can and staying there, particularly in times like these and I fear that rapidly security will become at least as important as compensation.