I’m contemplating closing down a business and suffer the loss of 200k of my currency (about usd 50k). Redditors here talk about success stories, how about losses? What’s your biggest loss?
I’m contemplating closing down a business and suffer the loss of 200k of my currency (about usd 50k). Redditors here talk about success stories, how about losses? What’s your biggest loss?
My worst loss was investing in a friend’s ‘revolutionary’ product that ended up being more ‘revolutionary’ in how quickly it failed. Down 50k and a friendship. Ouch.
One of my dad’s friends did this. We totaled up everything and he owes about $1.5m in total to various people. Friends, banks and even his parents. Wildest part was this was like is 4th failed business. 4/5 of them failed and soon to be 5/5 because he neglected the one that did work trying to get his next one going
I wanna know about this one too, what was your mates revolutionary product! Lmao
Ouch indeed! What was the revolutionary product?