Dont Even Bother for Business Loan at Big Bank: Corcoran

The video discusses various business challenges, including the need for strategic management and the difficulty young businesses face in securing financing. It highlights alternative financing solutions like Kickstarter and LendingTree, which have changed how small businesses access capital. The conversation also touches on the differences between retail and venture capital investing, emphasizing the importance of due diligence. Finally, it shares an anecdote about cash transactions in real estate.

What is a major challenge faced by young businesses according to the first section?

• Difficulty in obtaining financing

• Excessive competition

• Lack of innovative ideas

• High employee turnover

How have platforms like Kickstarter and LendingTree impacted small businesses?

• They have reduced the need for business plans

• They have increased competition among small businesses

• They have replaced traditional bank loans

• They have made it harder to get loans

What is a potential risk for retail investors acting like venture capitalists?

• They will face legal issues

• They will have to invest large sums of money

• They could lose money due to lack of due diligence

• They might not find enough investment opportunities

What is the speaker's opinion on the new trend of being an Angel investor?

• It is only for experienced investors

• It is a well-researched investment strategy

• It is a fashionable trend without proper due diligence

• It is a safe way to earn money

What was the speaker's experience with cash transactions in real estate?

• They frequently received large sums in cash

• They had one significant cash transaction

• They never dealt with cash transactions

• They found cash transactions to be unreliable