risk

How Would You Rather Fail?

Entrepreneurship is risky. It is fraught with challenges. While you can choose to do exactly what you love to do, there is a real possibility that you will fail. The...

If A Banker Likes Your Business Plan, You're Screwed

Bankers need to play it safe. When they make a loan, they need a high degree of confidence that they will make the money back (plus some). A banker is...

If A Banker Likes Your Business Plan, You're Screwed

Bankers need to play it safe. When they make a loan, they need a high degree of confidence that they will make the money back (plus some). A banker is most confident in a business plan that points to others already successfully doing what you intend to do.

But entrepreneurial success doesn’t come from repeating what already exists. Entrepreneurial success comes from breaking the rules or making new ones. Entrepreneurial success comes from being the first. But bankers want you to be the second, or the fifth, or better yet, the hundredth.

When a banker likes you, your business idea is likely already stale.  Consider alternatives.