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#32 A Recent Investment Gone Bad: Our $55,000 Business Failure
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Are you ready for a rollercoaster ride of business lessons and failures? In this episode, Jeremy and Joshua discuss a failed investment in what they thought was a safe industry. Get ready to learn from their $55,000 loss and discover the mistakes they made along the way.
Tune in now and join Jeremy and Joshua as they expose the highs and lows of their investment.
Show Highlights:
- When to cut your losses and move on [03:44]
- Lessons from our trucking business failure [07:58]
- Due diligence matters [09:02]
- Why the business didn't work out [16:33]
- The importance of working capital and reserves [18:53]
- Understanding the risks and rewards in partnerships [22:03]
- Why work doesn’t translate into equity [29:12]
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