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We could also give them all trophies for effort, and maybe just do the contracting work for them? That way no one has any risks or any personal and professional sacrifices to develop a successful company. If’s it all too hard, maybe their sights and goals should be adjusted to fit their capabilities? Oh wait a minute, the tech industries have also gotten free monies for their start up companies. Never mind!
Great to see this dynamic being addressed. You could also take a look at lowering the pay terms to a net 30 or some type of progress payment system. Most vendors operate on a net 30 cycle. It’s industry standard. I think the program is a step in the right direction. Removing as many barriers as possible will help. However, we must not take away from the self accountability part of being a business owner. A $1000 profit isn’t a $1000 in your pocket to spend. Planing ahead and holding some back for the next project is crucial to success. The less you have to finance the better off you will be. Easier said than done I know… Interested to see the results of this program.