My family ran a number of small businesses when I was growing up in Fort McMurray, Alta., so I learned early on that nobody hands an entrepreneur a paycheque. They put their own capital at risk, work brutal hours and live with the real possibility that it might all come to nothing.
Unfortunately, that is a common result. However, if it works, they build something: jobs, a payroll and a stake in their community. That asymmetry — private risk, uncertain reward — is the engine of every economy worth living in.
I thought about that when
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