3 ms·
Norway even has a special term for someone who has failed in entrepeneurship multiple times -- "bankruptcy jockey". You won't be banned from starting a busines
by marvin 5y ago
Norway even has a special term for someone who has failed in entrepeneurship multiple times -- "bankruptcy jockey".
You won't be banned from starting a business from a single bankruptcy, but if it happens multiple times and/or creditors end up losing significant money over it, you can be barred from starting a business for two years.
I don't think these rules often directly prohibit a promising entrepeneur from starting a business, but it's pretty obvious that the whole culture provides a strong chilling effect.