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" . . . he sold everything he owned, laid off more than sixty employees at the business he’d built, and moved east from Missouri to rebuild his life on the ocea
by CapitalistCartr 7y ago
" . . . he sold everything he owned, laid off more than sixty employees at the business he’d built, and moved east from Missouri to rebuild his life on the ocean."
Only an entrepreneur thinks that's OK.
- ghaff 7y agoWhat do you mean by "OK" in that context? Based on what it says in the article, it's reasonable to assume that he tried to sell the business as a going concern and didn't find any takers. If I own a business and want to move on (or retire) and I'm unable to sell it, I'd be sorry for the people affected but ultimately have no obligation to keep going no matter what. If you mean taking that kind of risk is unusual, sure.
- hashkb 7y agoYou'd think based on his desire to live by the sea, he'd have been prepared to "go down with the ship". It's a maritime tradition.
- oh_sigh 7y agoIt must not have been a very profitable business if you just shutter it instead if selling it