Stephen Scoggins built multiple businesses without loans or hired staff, forced to rely on cash and effort instead. Bad credit in his early 20s taught him that startup myths about needing loans or employees are wrong. Personal responsibility and attention matter more than excuses.
Chapters
The best thing that ever happened to me was bad credit, which I had a lot of in my 20, in my early 20s, because it forced me to build a business on cash and effort. You don't need a loan to build a business. Not from my opinion. Another myth. You need to employ staff to launch your business. You have to have a team members. You have to do all these kind of things. That's a fallacy. Once you're making money, you can always make more money. The reality is your business is fluid. You can start it, and if you're not paying attention to it, it'll walk away from you. Done it like three, four, five times. The marketplace is full of excuses why businesses fail. If there's one thing you have to take away in building an unstoppable startup or business in general, is that you can't excuse your way to success.