Repeat for Doubters: Too Many Small Business Folks Do Not Earn a Minimum Wage.

 

This merits repeating again and again. If you allow for capital placed at risk that must be invested in a business instead of safer investments elsewhere, and you consider time on the job by the boss and unpaid members of the family, most small businesses actually return very small income, if anything worthwhile to their owners.

In too many instances the actual earnings translate to less than the legal minimum wage, were they employees. (See the Earl J. Weinreb NewsHole® comments.)