I had a brilliant business idea that I thought would really take off. It started off really well and I was sure I would make a killing.
I was even more certain when I got a few business partners on board who were willing to invest their money into the business.
Everything was doing well till I took money out secretly
At first, everything was going great. We were making a decent profit and I was growing the business. But then things started to go downhill.
I started to realize that I was not holding myself accountable to my partners. I was taking out money from the business secretly and using it to venture into other things.
This was not something I had told my partners about and it started to have an effect on the business.
The cash flow started to dwindle and I was no longer able to pay my partners their share of the profits. I tried to explain this to my partners, but they were not understanding and started to threaten legal action.
I knew the business was doomed, but I was too scared to admit it. I tried to make up for the money I had taken out by taking out even more, but it didn’t work.
Eventually, the business was unable to generate any more cash flow and had to close its doors.
They chased me back for the money and I was left with nothing
My business partners were not happy and they came after me for the money I had taken out. I was able to pay them back with the help of borrowing from people around me, but I was left with nothing.
I had put all my hard work and money into a business that I thought would make me wealthy, but instead I ended up with nothing.
I should have held myself accountable to my partners and not taken out money without their knowledge.
I should have been honest with them, but instead I chose to be secretive and it cost me everything and now it is too late for regrets.