If you strapped on a tool belt as the owner of a contruction company then you would know, damn well, in fact that the risk an owner takes is finacial.
Of course. But the risk the guy who puts on the toolbelt takes on is to his life and limb. Risk to life and limb in a top 10 most dangerous profession is greater than financial risk, IMO.
But there's a reason why I said that the owner who actually straps on the tool belt takes on significantly
more risk than his employees do. He's risking
everything.
If something goes wrong even if its not the owners fault directly, guess whos on the hook, very very rarely the employee.
The employee is on the hook. A big disastrous **** up can lead to being terminated for cause. And the employee is risking their life and limb, even in cases when the employer wouldn't be on the hook. I had a friend who died on a job because a crane operator employed by
another company made a huge mistake and ran his boom into some power lines.
Who do you think get sued when a employee falls down and hurts themselfs becuase they were a momentariy clutse?
If the owner doesn't have insurance, he's an idiot. In a dangerous job like construction it costs a ****ing small fortune, but it's worth every damned penny if the **** hits the fan like that.
And often a serious injury
is the owners fault to some degree. It's the owners job to ensure that his employees are using the safety equipment. I fired people on the spot for not using their harnesses on roofs, for example. If someone ever fell off of a roof on my crew, I'd have blamed myself for it. Absolutely.
There are insurances, LLCs, a whole load of protections that employers have to mitigate financial losses and limit their liabilities. There's nothing that mitigates death or paralysis.
Who takes the risk of an employee pissing off their customers? The employer.
In my company, any employee who pissed off a client would either get terminated for cause (repeat offense) or I'd suspend him without pay and pay the other guys overtime to make up for his absence.
A good employer makes sure the employees know there are ramifications to their actions.
In the NFL the owners take major finacial risks.
I disagree. With profit sharing (Socialism!!!! :2razz
the NFL owners have pretty much zero financial risk.
The players take major physical risks.
And financial. They don't get paid if they get cut due to injury.
Finacial risk and physical risk are two differnet and seperate things.
True. I place physical risk far above financial risk, myself.
Most people taking physical risks at their jobs are compenstated for it.
Not really. A lot of the most dangerous jobs pay based on production. Crab fisherman can go out, take on tremendous physical risks and come away with nothing in a bad season. If they have a good season, they make a ton of money though.
Your making a general statement saying the owner doesnt do anything to earn their money.
I didn't say that at all. I said that simply because someone owns a company, doesn't mean they actually earn their money. I didn't say anything general about owners not earning their money. I don't believe that, so I know I would not say that.
Some of them don't, but many of them certainly do.
It depends on the company.
I agree 100%. I said it depends on the field with regard to the risk, but when it comes to earning their own money it absolute depends on the company, or even more importantly, the owner of the company.
Most business in the United Staes are small business, this means most of the OWNERS run the business, they wear a whole bunch of hats. I sure as hell do. Hell most owners of medium sized businesses run their business.
Abso
lutely. I agree with you 100% here. Small business owners who wear all of the hats work their ****ing balls off and take on a
hell of a lot more risk than their employees do and earn every damned penny their earn. I did not mean to come across as though I was implying that they didn't.
Less so with large corperations. In their case its usually though not always a COE hired but the elected board that runs the company.
I agree here as well.