rich menga books search contact

***Secret FSR Fender guitars? Yes, they exist, and they're right here

Amazon links are affiliated. Learn more.

Sometimes it's all about the money, or lack thereof

Recently, I've been reminded that great ideas can be stopped cold by a lack of funds. I, like tons of other people, have great business ideas. In the same token, I, like tons of of people, don't have the startup cash to get these ideas rolling. This is better known as startup capital. Either you have it or you don't.

There are basically two ways to get startup capital. Either you scrimp and save all your pennies to build a nest to spend off of, or you borrow it from someone else (the bank, for example). In my last major effort to run a business full time, I did the first option - it's the safer of the two. Why safer? Because when you run out of cash (and most of us do,) you don't owe anything to anyone.

There is a potential business venture up in Maine. The people involved have been egging me to get up there a lot. Problem is, the startup capital simply doesn't exist.. and it has been hinted to me that I may need to pony up some out-of-pocket expenses up front. Um.. no. That's not going to happen. Maybe if I had reasonable assurance the biz would work I would go - but I don't have the assurance. There's no business plan, no future projections, nothing. Definitely not in my best interest. I have been asking (more like pleading) with the leader of this project to put something on paper that shows what this whole shin-dig is all about - and nothing has come forward. Not even a mission statement. Bad call on his part.

In addition to all this, I've been reminded me that Connecticut sucks and that I will most likely end up here with all the other failures of society if I don't get out there and do something with my life. I understand the intentions are all well and good, however, taking my entire kit'n'kaboodle up to Maine with no assurance of a solid foundation of business is just plain dumb. For every business success there are 10,000 failures or more.

In my last biz effort I was able to get out "clean" because I knew how much I had and how much I needed to get out of it if disaster struck (or just running out of money). In this particular venture, there is no disaster plan. No beginning, no foundation, no contingency plan, nothing.

I tried in my best effort to explain all this to a friend last night.. but the only thing through his mind was "Get out there and do it anyway, you only live once". Being that I know he will read this: NO. When the time is right I will make my move. Now is not the right time. A business needs proper planning and execution. No plan = no biz. I am not about to sacrifice my personal security (both fiscal and mental) on a loosely based idea that has no foundation or method of recovery, period.


Best ZOOM R8 tutorial book
highly rated, get recording quick!

Gibson Les Paul Headstock New and Premium Used Gibson Les Paul guitars are all right here

⭐ Recent Posts

PRS SE EGThe guitar PRS wants you to forget, the SE EG
This is what PRS was making in the early 2000s.

NUX Duotime Stereo Delay Pedal3 solid reasons to use digital delay instead of analog
Switch to digital and you'll enjoy using the delay effect for guitar a whole lot more.

Boss RC-5 Loop Station Guitar Looper PedalWill looper drums ever not suck?
It is amazing that this problem still exists.

The best looking Dean Z I've ever seen
This is an example of when Dean does the Z right.

Black Sabbath - Black SabbathMy favorite Black Sabbath track from their first album
It's not what you think it is.

🔥 Popular Posts 🔥

Fender Custom Shop Limited Edition Golden 1954 Heavy Relic StratEverything you ever wanted to know about nitro guitar finishes
Is it good? Bad? That depends on your point of view.

Casio F-91WCasio F-91W cheat sheet
A quick guide on how to set the time, date and a few other tips and tricks.

PRS SE EGThe guitar PRS wants you to forget, the SE EG
This is what PRS was making in the early 2000s.

DigiTech Nexus LibrarianDoes the DigiTech Nexus software for the RP360 really work?
Information on DigiTech Nexus software for the RP360

Gibson MarauderGibson's "Norlin era" electric guitars
Norlin era Gibsons are some of the worst guitars Gibson ever made. Find out why.

Gibson Les Paul bridgeThe proper direction for a Les Paul bridge
Which direction is a Les Paul bridge supposed to face? Let's find out.

Fender EsquireThe 5 types of guitars you should never buy
Some guitars that exist where the day after you buy them, you know you've made a mistake.