Foundation pledges $2M to promote entrepreneurship

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  • My2Cents Taylorsville, UT
    July 20, 2013 4:06 a.m.

    More dysfunctional advice for the down trodden and debt ridden students graduation from their secondary high school degrees. Small bussinss used to have a meaning in an economy that would support larger industrial needs and services but now small business just means more years of debt added on to their thousands of dollars or college debts.

    An hobby based enterprise has a life cycle of 5 years of increased debt and bankruptcy. Hobby business are on the decline and technology is declining in value and these people promoting debt as a choice for their years of study has no value or foundation. Small business is an irrelevant economic money pit. Earning in income from hobby ideas is minimal and line of credit is an enemy to small business, they should know this from their personal financial endeavors. If you don't have the cash to take into a small business then it will fail. You can't borrow money to make money in a hobby business with one customer, yourself.