Quote Originally Posted by Chambo View Post
Interesting, because at the LEND-IT conference in April, they are/were saying that we have just begun to scratch the surface and they expect the overall industry, personal and business, to triple in the 3-5 years
These are the same things being said for years. No one with investors, boards, customers, and employees is ever going to get up and say "THE END IS NIGH FOLKS!" That would be stupid.

I've done the projections and have participated in presentations that tout the same fallacy; "GROWTH, GROWTH, GROWTH, AND SOME MORE GROWTH!"

The future of THIS industry lies in the data and not opinions. Here are data points to evaluate (not argue with)

  1. The rate to which new businesses are starting.
  2. The rate to which new businesses are failing.
  3. The probability of a deep recession. (judging by last 30 years, expect the sh*t to hit fan in Oct prior to election)
  4. Stagnant market penetration.
  5. Oversupply of capital relative to demand. Funders are competing for less...
  6. The $552 trillion derivatives bubble the media dares not mention...
  7. THE PERCENTAGE OF BUSINESSES WHO EXIT AN MCA BETTER OFF THAN BEFORE AN MCA, VS. THOSE WHO DO NOT.