Bloch Interview

Entrepreneur magazine has a great interview with Henry Bloch, co-founder of H & R Block, on lessons he learned in his career. An excerpt:

For instance, my brother and I asked our great aunt for a gift of $50,000 to start our venture. She ended up doing us a favor -- she turned us down. Instead, she gave us a loan for $5,000. Had she given us $50,000, we would have failed in a big way. We would have hired a staff to implement a business plan that we later learned was flawed. Without much capital at the beginning, we were forced to start small and, fortunately, to fail small.