If you could start a business with zero risk, what would it be?
50% Facts with Silent Mike & Jim McD
Jim McDonald
4.9 • 2.1K Ratings
🗓️ 15 January 2025
⏱️ 8 minutes
🧾️ Download transcript
Summary
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A listener asked, “If you could start a business with zero risk, what would it be?” We had to make a call about whether this meant that you’d automatically succeed (boring) or it was with someone else’s money, and there would be no financial impact to you if it failed (kind of exciting – who doesn’t love OPM?). Personal service robots? High-end streetwear? Laundromats? Further, what kinds of businesses have the best (and worst) success rates?
Dean Saddoris @deansaddoris.ck is back for this one (and uses the word milady).
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50% Facts is a Spreaker Prime podcast on OCN – the Obscure Celebrity Network. ____
Hosted by Mike Farr (@silentmikke) https://www.instagram.com/silentmikke/ and Jim McDonald (@thejimmcd). https://www.instagram.com/thejimmcd/
Produced by Jim McDonald Production assistance by Sam McDonald and Sebastian Brambila.
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Transcript
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| 0:00.0 | All right. So welcome to Friday's episodes, ladies and gentlemen, where we're asking or answering all your questions as fast as we can, 10 minutes. |
| 0:15.8 | And we've got a couple interesting ones. One here, I think, is up for interpretation, so I'm going to give you the rules. |
| 0:22.4 | It says, if you could start a new business with zero risk, what would it be? So I assume zero |
| 0:28.6 | risk means that you don't lose. Zero financial risk? Or does zero risk mean it's not your money? |
| 0:34.5 | So let's, you guys can lay that foundation with me and then I'll lead on. |
| 0:37.9 | Or I say, |
| 0:38.4 | what do you mean by lose, though? |
| 0:41.3 | I don't want to like. |
| 0:43.4 | So this says, |
| 0:44.4 | so if I, |
| 0:45.9 | so, |
| 0:46.3 | yeah, |
| 0:46.6 | either we're going on the basis that it's someone else's money starting |
| 0:49.5 | your business. |
| 0:50.1 | Okay. |
| 0:50.6 | Or we're going on the basis that you win no matter what. |
| 0:54.1 | Oh, okay or we're going on the basis that you win no matter what oh i'm going to just go with uh |
| 0:56.8 | the latter the first one okay so someone else's money yeah all right then then if you can't lose |
| 1:02.1 | it and you just do whatever then it works then that's not interesting so that's where so that's where i |
| 1:05.6 | was going to make new rules there okay whether we're doing it for whether we're doing it for |
| 1:08.9 | happiness or money so let's go based on, |
| 1:11.3 | we're starting a business, |
... |
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