A friend of mine, whose business was generating $150 million a year, was sued by the FTC in June. They said it was a pyramid scheme. It was not. They had too many complains though.
By September, after a settlement, the company was shut down.
Be careful how you run your business
By September, after a settlement, the company was shut down.
Be careful how you run your business
Take customer complains seriously.
Go through your marketing processes with a fine tooth comb.
Be sure it has nothing looking like a "pump and dump" scheme.
Be sure you dont have a model looking like its only promoting an opportunity to make money without selling products.
Go through your marketing processes with a fine tooth comb.
Be sure it has nothing looking like a "pump and dump" scheme.
Be sure you dont have a model looking like its only promoting an opportunity to make money without selling products.
Its crazy when you ignore things that come back and hurt you when you were genuinely just doing the right thing.
Short of a family member dying, losing a business you've spent years on, pouring your mind and soul and money into has to be the worst feeling ever.
Be careful guys.
Short of a family member dying, losing a business you've spent years on, pouring your mind and soul and money into has to be the worst feeling ever.
Be careful guys.
BTW, this friend has started a brand new business in a different niche.
As someone who built a $150 million a years business and who bought his own resort and his own Island, I know he'll kill this one too.
As someone who built a $150 million a years business and who bought his own resort and his own Island, I know he'll kill this one too.
The best entrepreneurs are made of strong stuff, their will isn't easily broken. They get beaten down and they stand up again and they win again.
Well done Matt. Well done! 👏🏿👏🏿👏🏿👏🏿👏🏿
Well done Matt. Well done! 👏🏿👏🏿👏🏿👏🏿👏🏿
