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Replying to Avatar mike

True, but my failure rate of purchased businesses is 100% 😂

I bought a company called Ellion in 2008 which was a software development company and PR marketing agency.

It turned out the guys that ran each side of the business hated each other. I couldn't fix it, so I got rid of the software guy and took over that role myself.

It turned out the PR guy got bored as soon as he didn't have anybody to fight so that side of the business declined at rapid pace as well as my side as I was trying to take over personal relationship based contracts.

I ended up selling it to the former co-founder who had also left due to personal conflict.

Due diligence doesn't tell you about human relationships 😂

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2Pac 1y ago

Hope the failure didn’t cost you too dearly

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mike 1y ago

Not too much for the line I'm in.

It gave me a lot of experience in failure though which is very useful and worth every penny I lost.

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