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Failed Business Venture
Former Member
Posts: 1,876,323 The Mix Honorary Guru
in General Chat
Now, im not sure if this is the right section on here, but i just wanted to vent some frustration and explain my lucky escape.
Basically, i was about to buy my own small business to run for myself. It was seriously good money, according the accounts of the man i was buying the business from. When i got into doing the accounts myself i noticed the money was some what less, but still pretty good. But then, Saturday, my future biggest customer got shut down due to an E.Coli outbreak. It has been on local news on the tv and front page of the local papers here in Leeds. They are now gone, so the money is gone and my opportunity to own my own business is gone.
Lucky escape is, if this E.Coli outbreak had happened one week from now instead of now, id be £25000 in debt with the bank, over a business loan, with no to little no chance to make any money to pay it back.
So although im crushed and disappointed, i am thanking my lucky stars that i got out in time, at a loss of only the deposit.
Basically, i was about to buy my own small business to run for myself. It was seriously good money, according the accounts of the man i was buying the business from. When i got into doing the accounts myself i noticed the money was some what less, but still pretty good. But then, Saturday, my future biggest customer got shut down due to an E.Coli outbreak. It has been on local news on the tv and front page of the local papers here in Leeds. They are now gone, so the money is gone and my opportunity to own my own business is gone.
Lucky escape is, if this E.Coli outbreak had happened one week from now instead of now, id be £25000 in debt with the bank, over a business loan, with no to little no chance to make any money to pay it back.
So although im crushed and disappointed, i am thanking my lucky stars that i got out in time, at a loss of only the deposit.
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Comments
Lucky you!
:yes:
Some old codger on the news today said that he would be the first in line waiting for the butchers to reopen.
One swift blow to the head and it's Grandpa burgers all round
Instead of a bun, you put them between a pair of tartan baffies. Delicious.