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- Dec 22, 2014
I appreciate that after thinking about it I think your dead on with thatif you need reassurance, this isn't for you
we all worry about taking risk and not getting rewarded.
on the risk side, we try to mitigate it. lessen it. backstop it. in @Johnny boy 's case, he does it himself to lessen the risk.
on the reward side, failing f*cking miserably gives you more education than you could ever get in a book / classroom / listening to some guru. so, you DO get a reward. even if not piles of money at first.
time to change your ENTIRE mindset. start there
Thanks for your answer, this is exactly what I was hoping to find out.In the majority of cases there's no need take on any amount of debt to get a biz going and growing. Keep your job and get the first few sales under your belt on the side. Start small and get feedback from your market. Words are mediocre feedback. Silver that crosses your palm is GREAT feedback.
Only then, when you have a winning formula, you spend money to scale up.
Build yourself a machine that spits out 2 or more dollars for every dollar you put in.
And after that you can decide if you should get financing to expand or if you should just let the machine feed itself.
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