July 18, 2016
I am surprised to see the number of loans and financing offers banks and lending companies issue to small business owners. And when those businesses start to make a profit, venture capital companies jump into the fray.
It is not money these start-ups need but talent and time to create a differentiated service that is able to gain traction in the marketplace. Large successful companies like Google often spin off entrepreneurial talent supported by minimal resources to let them experiment at low cost and develop something marketable.
In fact, it is often much easier for a small business to be profitable, as the low-paid founders wear multiple hats and work around the clock.
Tune into today’s show about starting a business and why it’s not about the money.
Your succession is success!