Comments by "bighand69" (@bighands69) on "Mark Cuban: Only Morons Start a Business on a Loan" video.

  1. +t-bird shane That is just an excuse.
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  2. +Ometheon Those businesses had winning formulas. Most businesses are no where near to their level. He is talking about people who are going to be running small businesses. The vast number of businesses are small business that employ a few people. A large loan around their neck is not a good thing especially to start off with.
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  3. +gage lundgren A man like Mark would always have made it. He has the head to do it. People simply do not understand this. Money does not mean that a person will succeed. Having 1 million does not mean that a person will make 2 million. Taking a loan out so as to start a business for the sake of it does not mean that a person will make that business a success. it would be best to fail at 10 small businesses that cost nothing than to fail taking out a loan for 250,000 when the most that person is capable of earning is 30,000.
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  4. +Jack Middleton communists do not like business people.
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  5. It seems like you are ignorant on the topic as a whole.  Having 20k does not mean you will succeed and if you borrow you are guaranteed that you have to start repayments. 
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  6. +Lead it I started a business with my own skills and knowledge. I had saving but I could not justify using them when I had a young family and a wife who was on a long career break. If you have access to the internet then you have access to a market place of 3 billion people and a further 3 billion will be coming online in the next decade. Mobile app development is a massive potential field. As those new 3 billion people will want services on their only access to the internet (phone). If you spent the next 3 years learning how to build apps you would be an expert by 2019-20 if you desired.
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  7. +triforcelink You mean how much money do you need to start the restaurant. Because by just stating a loan you are saying you need a blank cheque. What type of investment do you think you will need to cover premises, equipment and staff and have enough capital to control cash flow.
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  8. Most people should not be taking out loans to start business because it in most cases cripples small businesses that are starting out that repayment they have to make is a massive liability. And in most cases it is the reason businesses fail as they do not have the cash flow to actually keep with the repayments. If somebody is going to take a loan out make sure it is small and manageable were monthly payments are not going to destroy the business.
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  9. I suppose everybody in the west is in the right place or born in the right place there are children in Africa that would love to be in the right place. But then again I suppose earth is in the right place not too close or not too far from the sun. Real success? Having hundreds of millions in the bank is that success or owning assets like Elon musk is that a success.
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  10. Why does he care about your label of inventive what does that actually mean. He is wealthy and is investing in things he wants to do. Jobs did not invent computing nor the micro chip or software. He did not invent Tablets or memory that ipods used. What did he actually invent Jobs. Well the truth is he took different components and made a product that he could sell. Bill gates did not invent operating systems he used existing knowledge and made a product.
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  11. Africa is not rich not even close. There are regions in Africa were there are no clean water. 100% of Americans have access to clean water. My point is that there are always people in the right place and to some how imply that this means they are of lessor importance or not as viable in opinion. Most businesses do not pay of their loans. And if a person takes out a loan to start a business then they will need to generate the cash flow to deal with liability. Limiting debt is important.
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