About that Nasty, Dangerous Stuff that Starts with L

My reputation precedes me, and apparently, my reputation isn't as sun-shiny as I would like to think.  Shattershards shatter more than just shards, it seems.  I'm unfamiliar with the topic at hand, so I will try to modify this rant through words that are familiar to me.


I have always maintained that I choose not to engage in the business.  It is much too cumbersome and complex, and it isn't a prerequisite to anything after all.  Friends, family and officemates alike have at one time or another asked me about my business, or lack thereof.  They cannot believe that at my age, I have not once tried to engage in business.  I'm a non-entrepreneur since birth.


Going into business isn't an easy task.  You engage in it, not only for yourself, but for the public.  Regulatory boards abound, and they require periodic reporting of the results of operation.  The SEC requires that you report annual figures; quarterly figures, if you're publicly listed.  As such, everybody would know if you're operations are favorable or unfavorable, and everybody would have an opinion as to your business endeavors.


Engaging in business also increases your tax exposure.  While the SEC requires quarterly reporting at most, the BIR demands that you report monthly.  Whether your business is earning or is at a loss, the BIR computes for the taxes you have to pay.  Remit too much and you are bound to encounter cashflow problems, remit too little and you may be accused of under-reporting or even tax evasion.


Every business, at its core, is a selling business; it is a marketing engagement.  The entrepreneurs attempt to market their goods to potential buyers.  You can position yourself at the low end to cater to the mass market, or you can improve on quality and target a selected niche.  Either way, the object is to be able to sell your goods.  But I choose not to sell.  It isn't a question of marketability or low product quality, it's a conscious decision not to play the market.


Unfortunately, there are some with considerable capacity to buy and they insist on purchasing that which isn't for sale.  They ultimately get disappointed because no transactions are intimated.  Why blame the seller when there isn't any seller in the first place; when there aren't any products for sale at the start?  Am I to blame for their broken engagements when there wasn't any contract to begin with?  Just because there was a display doesn't mean there are items for sale.  


I do not wish to hear what the rumors say about me, but my habit of knowing stuff nags at me.  Thus I remind myself of this saying:  Caveat Emptor.