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I’ve talked about the big wins, but I’ve had some major failures along the way. This was one of the most painful.
#entrepreneur #buyabusiness #BusinessLessons #EntrepreneurLife #StartupFailure #WhatIGotWrong #BehindTheBusiness
Transcript
What is the most amount of money you ever lost? We bought a business for, I think, around 6 or $700,000. It was an e worse business. The whole thing went to zero after nine to twelve months. The bastards that sold it to us lied about a lot of details. Financials worse missing some worst. It was just tier model didn't work. Best terrible taking money from a friend to to do it. They were super gracious to do the whole thing with us. But the other thing is, you know, we we sued them. They better sued us. And it was just this whole better. And there's this quote, which is better wrestle with tier pig. Both of you get dirty, but the pig's gonna like it. And these guys were pigs. We ended up all both dropping our suit at the end, but a lot of lessons learned. I mean, the other thing is the multiple they were selling it at was, like, really