This is a YouTube video titled "If You Take Out A Business Loan You're A Moron! | Matthew Ryder" featuring a conversation between Matt Ryder and Mark Keughan recorded in June 2023. They discuss the risks of taking loans to start a business, emphasizing that most small businesses can be started with minimal capital and effort rather than debt.
First of all, if you're starting a business and you take out a loan, you're a moron. There's so many uncertainties involved with starting a business, yet the one certainty that you'll have to have is paying back your loan. 99% of small businesses you can start with next to no capital. It's more about effort.
Yes. This is Mark Keughan talking about never taking a loan out for your business. It makes you a moron. He's talking about startups. I don't disagree. Like, obviously, if you're trying to start a football stadium a little bit different, or buying the Mavericks, for example, but you know, Mark Cuban's billionaire, and I think he's probably right in this one.
