My friend, was always a very ambitious person. He always had grand ideas about how to make money and get rich quickly.
As such, he decided to open three shops at once. He opened a shoe store, a coffee shop, and a bakery.
I supported him and even helped him to be free labour when he needed
I was really impressed with his ambition and I thought that he had a good chance at succeeding. I supported him in every way I could, from helping him with the paperwork to offering advice on how to manage the three stores and also offering him labour when he needed manpower.
Unfortunately, he was not able to manage the three stores properly. He was so focused on getting them opened that he neglected the important task of actually managing them.
After he opened all three stores, he began to hang out with other friends who were detrimental to him to the point that he did not have any time to focus on the important tasks such as marketing the stores, hiring staff, and managing the finances.
The stores were not properly stocked and he was not able to attract enough customers. The coffee shop and bakery were not able to make enough money to pay the rent and they both eventually closed down.
The shoe store was the last to go, but it too eventually closed as he did not have enough money to pay the bills.
I was really disappointed in him. I had genuinely thought that he had a good chance at succeeding, but his lack of proper management had led to the failure of all three stores. I tried to talk to him about it, but he was too embarrassed to talk about it.
Felt sad that he failed in his business
My friend was really devastated by the failure of the stores. He was someone with such a high ego and does not take advice well and now that all his stores had failed, he felt so embarrassed that he refused to talk to anyone.
He eventually MIA-ed from our lives.
I was really sad to see my friend go. He had so much potential and I had really believed that he could have succeeded if he had managed the stores properly.
It was a really hard lesson for my friend to learn, but it was a valuable one.
I hope that he has learned from his mistake and that he will be more cautious in the future when it comes to taking on such ambitious projects.