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redrove | 12 days ago
You can’t foster excellence if you don’t reward it monetarily (enough).
No unified capital markets, no high reward as an investor.
As an employer/employee takes a year to fire people even when they don’t show up, ergo the incentive is to coast.
As a founder you’re buried in bureaucracy and taxes, so the incentive is to stay an employee.
It’s a trifecta of shit.
lefra|12 days ago
In what country? I just checked, in France it's 15 days. The employer can ask to be paid the notice period, and the employee won't get unemployment benefits.
jimnotgym|12 days ago
That is not true in the UK. In the first two years of service you can fire someone without a reason so long as you were not being deliberately discriminatory. Burden of proof on the employee for this
After that you just have to go through a fair process. Your decision is not in question, just whether you followed a fair process. I have worked in a place that routinely fired people for being 1 minute late on three occasions. Late once, verbal warning, late twice, written warning, late three times fired.
> As a founder you’re buried in bureaucracy and taxes, so the incentive is to stay an employee.
As a sole trader in the UK you can set up instantly. You have 3 months to let the tax authority know what you did, but no real threat if you leave it a bit longer. Setting up a corporate entity takes 10 minutes online. You can have that done by your accountant and the annual accounts done for maybe £300. No need for an audit until you have cross 2 out of three of these thresholds
Annual turnover of no more than £15 million
Gross assets of no more than £7.5 million
Average number of employees of no more than 50
Immediately you get a significant tax advantage over employees.
Easy access to capital is harder, unless you went to high-end private school that is. Development capital is not that hard to get, but seed funding is harder.
gib444|12 days ago
Just curious: where did you hear this propaganda?