My notes on “The Knack – How Street-Smart Entrepreneurs Learn To Handle Whatever Comes Up” by Norm Brodsky and Bo Burlingham
Why are you better off starting a business from scratch rather than buying one?
- It’s harder to learn a business if you haven’t been with it from the start
- You miss out on all the trial-and-error education that happens in the early stages
- You don’t understand key relationships in the business
- You don’t know what to do in emergencies
- You make mistakes that are much costlier than they would have been back when the company was smaller and struggling to get off the ground