• 0 Posts
  • 6 Comments
Joined 11 months ago
cake
Cake day: October 27th, 2023

help-circle




  • Put in $110k into a company to hire developers after my cofounder/developer who also happened to be my dad died. Was basically everything I got from life insurance. It all got off the ground, was taking off, multiple clients ready to board on, 1mm in gross revenue coming in, 10mm+ lined up and ready to or already had signed contracts for. Found out one of my business partners was stealing money from the company. Was about a half million he stole out of it. It tanked the company. Still going through lawsuit.

    What I took away from is don’t let anyone touch the fucking money. Ever. For any reason. Also if someone is fighting or resisting you in any way about getting you raw finance numbers, the are 100% stealing from the company. Unfortunately not the first time I’ve had someone stealing from the company.


  • thatdude391@alien.topBtoSmall BusinessI hate my family business
    link
    fedilink
    English
    arrow-up
    1
    ·
    11 months ago

    All options are shit here.

    Software dev, ok. You can run this route, but ai is 100% coming for your job within 5 years. If you’re gonna go this route you better turn and burn and make your money while you can.

    Youtube, it isn’t going to pop off. That isn’t how youtube works. The people that make it put in 70-80 plus hours a week with a 3-10 man team behind them doing the same. They are extremely dedicated to the channel and all work their asses off for it. They intentionally act like they aren’t. It’s part of youtube culture, but content creation is hard fucking work.

    Your dad’s business sucks and so do his employees. If he is working that much he is a hard worker in a brand that could do well, but is terrible at management and his employees suck. It may not seem like it now, but you are cruising for a bruising with this route too unless you have some serious management chops and your dad will let you actually fix the business.