My title sounds wrong, doesn't it? Journalists and economists - you know the types: instant experts on everything, but where the priority is not to inform, but to be considered smart - are telling us "What Britain needs is for the banks to free up credit to help more people start businesses". Politicians are telling us the same. "Let's lend or even give loads of money to get the economy jump-started." "The more money you make available, the more jobs you'll create" is Labour's mantra. In my opinion that's the opposite of what actually works for most start-ups. I understand that some businesses simply can't get going without a modest amount of funds, and a tiny few can't get going without an awful lot of funds (tricky to get a nuclear power station cranked up in the garage). But my advice is to starve start-ups for as long as possible. In fact if they can't get going and survive on virtually nothing, then you're simply
My kids call me Grom (Grumpy Old Man). OK, pedants will know that ought to be GOM, but a Grom sounds grumpy. I started building internet businesses in the 1980s and these days invest in other peoples' start-ups. Now that less of my life is about to happen than has happened, I've got a lot to get off my chest. This blog is a series of posts about things that annoy me, things that excite me or things that just need to be said. Grumbles of a Grom... Grombles