1970s - 2010s
Old School
The Bank Was the Gatekeeper
To start any business you needed a loan. The bank owned your idea until you paid it back, sometimes for decades.
You Had to Hire People
A shop needed staff. A delivery business needed drivers. Every role was a person, a wage, and a problem.
Big Upfront Costs
Rent a shop, buy stock, print leaflets. You spent heavily before a single customer walked in.
9 Out of 10 Failed
Most small businesses struggled to survive long term. The risk was real and personal.
You Needed Industry Experience
Young people were often told to wait, gain years of experience, then maybe start.