Kevin O’Leary Tells Startup Founders to Cut Their Losses: ‘Bad Ideas Do Not Become Good Ideas’
O’Leary warns entrepreneurs to stop pouring money into failed startups, accept losses, learn from mistakes and move on.
A famous investor is reminding startup owners that if a business idea isn't working, it's smarter to stop spending money on it and learn from the mistake than to keep hoping it will magically get better. This is a good reminder for anyone who owns stocks that even smart people sometimes need to admit when something isn't working out.
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