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Clever way to entrepreneur yourself into bankruptcy, with a second COVID-19 wave likely following the first.
by hh3k0 6y ago
Clever way to entrepreneur yourself into bankruptcy, with a second COVID-19 wave likely following the first.
- steve_adams_86 6y agoYeah - wow, I can't tell if I admire the entrepreneurial spirit or pity these people for taking such a blatant risk. Numbers where I am are hitting record highs (though they were previously relatively low).
- vmception 6y agoThey service low interest debt and a lease price locked in for 10 years Distribution of failure probably won’t be worse than before for new entrepreneurs People with money or access to capital are in a different world than people without
- papito 6y agoThe difference is risk. If I take a risk like that, I end up living with my parents. They just fail and move on to the next failure, or a success.
- vmception 6y agoYep, there is a survivorship bias because they get to try multiple times in quick succession, compared to once every ten years, or just once, or never.
- doopy-loopy2 6y agoIt's over. There will also be no appetite for another lockdown.