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It doesn’t always work. I came from the other side of the coin - a business partner who was the king of false economies, refused to ever reinvest a single penn
by madaxe_again 4y ago
It doesn’t always work.
I came from the other side of the coin - a business partner who was the king of false economies, refused to ever reinvest a single penny into the company, and preferred to just see the corporate bank balance increase. Never mind fun days, he wanted employees to go out and buy their own coffee rather than having a machine in the office. I won that battle, eventually, on the basis that he was essentially paying people to go stand in line at Starbucks, but he’d always make comments to employees about how they shouldn’t drink too much coffee because it cost the business money. He’d have me, everyone, pay for travel expenses out of their own pocket. No such thing as a corporate phone. Hell, he even wanted people to bring their own equipment to work on.
I talked to him about it. Our investors talked to him about it. All he would do is sulk, and dig his heels on further.
After a decade, I gave up and left, to his jubilation. He immediately went and spent £100k on a company car for himself, and started paying his wife, who has literally nothing to do with the business, a salary.
Six years on, the business is on the brink of folding.
I spent far, far too much of my life trying to get him to change - sometimes, you just have to cut your losses and run.