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SVTPerformance's Chain of Restaurants
Road Side Pub
So I started my own business ...
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<blockquote data-quote="svtfocus2cobra" data-source="post: 16026707" data-attributes="member: 21786"><p>I can attest to this from experience. I didnt own the business I speak from but I ran most of it from the time of conception. In the beginning I didnt deal with the accounting, my boss let his girlfriend do it because she had experience with it. She knew what she was doing but at some point he really pissed her off and she literally just stopped paying the bills. I kept asking her about them and she said they were fine and that she pays them at the end of the month. I didnt know any better at the time so I believed she was handling it. Next thing we know we are getting letters in the mail every day about overdue payments. She got us half a million in the hole before my boss caught onto it. I dont work there anymore but I spent the next 2 years learning how to keep the place in business as we worked our way out of it. By the time I left they still owed about $100k to various vendors and of course the IRS. Definitely dont let things go unchecked. If I had known what I know now I would have caught it before it got out of hand.</p></blockquote><p></p>
[QUOTE="svtfocus2cobra, post: 16026707, member: 21786"] I can attest to this from experience. I didnt own the business I speak from but I ran most of it from the time of conception. In the beginning I didnt deal with the accounting, my boss let his girlfriend do it because she had experience with it. She knew what she was doing but at some point he really pissed her off and she literally just stopped paying the bills. I kept asking her about them and she said they were fine and that she pays them at the end of the month. I didnt know any better at the time so I believed she was handling it. Next thing we know we are getting letters in the mail every day about overdue payments. She got us half a million in the hole before my boss caught onto it. I dont work there anymore but I spent the next 2 years learning how to keep the place in business as we worked our way out of it. By the time I left they still owed about $100k to various vendors and of course the IRS. Definitely dont let things go unchecked. If I had known what I know now I would have caught it before it got out of hand. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
So I started my own business ...
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