Re:Why talent sorting in Germany is flawed
by hrbf on Thursday November 03, 2022 @05:15AM
(#33448682)
Equally destructive is the extremely conservative view of success and failure.
Once you’ve failed in a business venture, you’re burned for years before any investor will talk seriously or any bank will touch you. Tax authorities and chamber of commerce will also make your life quite difficult when you do.
I personally know several people who needed to incorporate a new company under their wive’s name after a bankruptcy, to even be able to start a new (successful) business.
Re:Why talent sorting in Germany is flawed
by Ma8ee on Thursday November 03, 2022 @05:30AM
(#33448787)
I think bankruptcy is quite frowned upon in the US too. It’s not like you can borrow a lot of money, not repay them, and then get another loan there either. Your credit score is toast.
Once you’ve failed in a business venture, you’re burned for years before any investor will talk seriously or any bank will touch you. Tax authorities and chamber of commerce will also make your life quite difficult when you do.
I personally know several people who needed to incorporate a new company under their wive’s name after a bankruptcy, to even be able to start a new (successful) business.