But risk-tolerant individual owners could earn a lot, and they could lose a lot. They are highly incentivized: reward for making it work and disaster if they don't make it work.
Three stories of American businesses show the contrast.
Friday, February 3, 2017
Incentivized
Maybe you've heard that government-owned and -run businesses are less successful. It's not hard to figure out why. Bureaucrats are not solely dependent on the success of that business and do not "go down with the ship" if it fails.
But risk-tolerant individual owners could earn a lot, and they could lose a lot. They are highly incentivized: reward for making it work and disaster if they don't make it work.
Three stories of American businesses show the contrast.
But risk-tolerant individual owners could earn a lot, and they could lose a lot. They are highly incentivized: reward for making it work and disaster if they don't make it work.
Three stories of American businesses show the contrast.
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