• 0 Posts
  • 55 Comments
Joined 4 months ago
cake
Cake day: August 13th, 2024

help-circle








  • As someone who’s had multiple failed companies you have to learn how the rich people do things and protect your personal assets from your business ones (& even your business from your business ones). Once you’ve got better advice from a lawyer then maybe try it again, especially construction, unless it’s now a wellness reason. Your business should be able to absorb a lawsuit and reform under a new s-corp with most of your assets intact. It’s super hard work pulling yourself out of the pit and starting over again but the extra income is worth it. You could try moonlighting for a while until your expenses get balanced.

    Remember you are not a failure, you are still trying everyday, and you have seen the method to your success before. It takes a real motivated and hardworking person to make a business grow and you’ve proven you could do it once. Work towards that financial independence again, take it slow and keep yourself free of the liabilities this time.





  • I worked for an industrial auction company where I had to cold call plants that were being closed down or going bankrupt. These guys received dozens of calls a day from people like us while they were dealing with losing their jobs. Trying to buy all the equipment and profit on their ill fortune.

    The goal was to be the first to call them before any of the other places. So once I had to break the news to the plant manager they were getting shut down. Sometimes the information was bad and nothing was happening to their plant but they still got tons of calls from vultures looking to pick their bones. It was a shameful job and all for just $32k a year. The owner had 2 rolls Royce phantoms and a private jet.