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Joined 1 year ago
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Cake day: October 28th, 2023

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  • Don’t let it distract you from the mission. I’ve walked away on legal fights I’d certainly win, because no one tells you how much attention, time and opportunity cost it will take.

    Lawyers alway tell you to purse it - it’s how they make their money.

    If you decide to do it, put time in the diary to work on it and refuse to think about it the rest of the time. It’s mentally draining. Give the lawyers the info and let them at it.

    Mostly take learnings from it now, payment always upfront or in stages, build in fail safes. JV contacts need to be solid. They probably had you in the small print. See if your lawyer can negotiate a win win settlement early without dragging it out.

    Legal battles are an annoying but just part of the entrepreneurial journey, after a while they stop phasing you, but the first few really take up rental space in your mind. Unfortunately if you have success or money, people will try to take it from you.


  • The truth for most businesses is it varies by month and where you are on the journey. Some months you loose money, some phases you hire aggressively and have a high burn rate during growth. Some months, be it seasonal or phase, you make money and it goes straight to the bottom line, directly to the owners. Other times you make money on paper and in reality it’s just stock on a balance sheet, and you borrow to pay the taxes on the profits.

    The reality here, and point of this comment is that the comments here make profits look like a straight line chart that’s very predictable. Often this is not the case.






  • I would never encourage someone suffering from anxiety to start a business. It’s unbelievably stressful, lonely and life is unfair as an entrepreneur. People can sue you, make up false narratives, publicly review their opinions of you (anonymously).

    Take another job and do you passion as a side job for now. If the anxiety goes away and can be set to one particular situation, then maybe go for it later. But it’s a head space that’s dangerous for those with mental health or dependency issues.