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?

  • Useful-Ad3773@alien.topBEnglish
    1·
    11 months ago

    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.

    • Honest_Milk1925@alien.topBEnglish
      1·
      11 months ago

      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