We broke up into groups at class tonight and went over a business plan to decide if we, as bankers, would approve a loan to some women who wanted tons of money to open a day care. Our group did not approve the loan! Big fat NO! N to the O, NO! They obviously didn't do any market research and they were planning on not making any money, not growing, being sued, and shut down by DHS if they weren't already bankrupt.
What did this teach me? I need to do market research.
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