I have a client with a business who's always crying poverty. We recently spoke with his former business partner who let us in on his dirty little secret for making money vanish:
Big man on campus mentality.
He boozes it up with his buddies, checks out the strippers, lives large all on his dime to show off. Then he gets back to the shop and there's no money.
Essentially he teaches the employees baad habits so that when he shows up in the late afternoon for work, they've all been pocketing cash the whole day.
Smart businessman, huh? This is a tutorial on how to create a business destined to fail.
Sunday, February 06, 2005
First foolish client story of tax season
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