The Evolution and Impact of Money-Back GuaranteesIn this episode of the Zach Schuenke Podcast, Zach dives into the historical context and modern implications of money-back guarantees. He explores how these guarantees originated from ancient times, such as the Roman Empire and medieval guilds, and evolved into the late 1800s money-back promises we see today. Zach provides a critical analysis of how money-back guarantees have shaped consumer behavior, leading to increased entitlement and reduced accountability. He discusses the challenges they pose for businesses, especially small companies, and shares personal anecdotes and insights from his own experiences in the trading industry. Additionally, Zach hints at exciting future projects, such as starting his own prop firm.00:00 Introduction and Podcast Overview00:04 Historical Background of Guarantees01:27 The Evolution of Money Back Guarantees04:10 The Downside of Modern Guarantees06:53 Consumer Entitlement and Accountability09:05 Case Study: Kmart's Layaway Program14:24 Trading Company Challenges21:24 Final Thoughts and Upcoming Projects