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Rule #14: "Never outsource economic control structures, or one may end up indentured" Sometimes one needs to admit they were conned, and start over... When pe

Rule #14: "Never outsource economic control structures, or one may end up indentured" Sometimes one needs to admit they were conned, and start over... When people start out, no one tells them there is an ecosystem of legal-cons that target vulnerable small firms. Even this forum has users the constantly spam people with various funding scams. My condolences, some lessons can take a year or two to recover... =3

Terr_ 3y ago
That reminds me of a book quote, about a semaphore transmission-line company as a kind of fantasy-version analogy for modern telecoms. > "[My father] was chairman of the original Grand Trunk Company. The clacks was his vision. Hell, he designed half of the mechanisms in the towers. And he got together with a group of other engineers, all serious men with slide rules, and they borrowed money and mortgaged their houses and built a local system and poured the money back in and started building the Trunk. There was a lot of money coming in; every city wanted to be in on it, everyone was going to be rich. [...] > Everything was going fine and suddenly he got this letter and there were meetings and they said he was lucky not to go to prison for, oh, I don't know, something complicated and legal. But the clacks was still making huge amounts. Can you understand that? Reacher Gilt and his gang acted friendly, oh yes, but they were buying up the mortgages and controlling banks and moving numbers around and they pulled the Grand Trunk out from under us like thieves. All they want to do is make money. They don't care about the Trunk. They'll run it into the ground and make more money by selling it." -- Going Postal by Terry Pratchett
- Joel_Mckay 3y ago
  I wish the mistakes I've seen over the years were fictional, as even the people I found disagreeable still deserved better treatment. Any CEO worth anything owns their mistakes, adapts, and mitigates future issues. Good luck out there =3
- LocalH 3y ago
  Modern capitalism in a nutshell.

Terr_ 3y ago

That reminds me of a book quote, about a semaphore transmission-line company as a kind of fantasy-version analogy for modern telecoms. > "[My father] was chairman of the original Grand Trunk Company. The clacks was his vision. Hell, he designed half of the mechanisms in the towers. And he got together with a group of other engineers, all serious men with slide rules, and they borrowed money and mortgaged their houses and built a local system and poured the money back in and started building the Trunk. There was a lot of money coming in; every city wanted to be in on it, everyone was going to be rich. [...] > Everything was going fine and suddenly he got this letter and there were meetings and they said he was lucky not to go to prison for, oh, I don't know, something complicated and legal. But the clacks was still making huge amounts. Can you understand that? Reacher Gilt and his gang acted friendly, oh yes, but they were buying up the mortgages and controlling banks and moving numbers around and they pulled the Grand Trunk out from under us like thieves. All they want to do is make money. They don't care about the Trunk. They'll run it into the ground and make more money by selling it." -- Going Postal by Terry Pratchett

Joel_Mckay 3y ago
I wish the mistakes I've seen over the years were fictional, as even the people I found disagreeable still deserved better treatment. Any CEO worth anything owns their mistakes, adapts, and mitigates future issues. Good luck out there =3
LocalH 3y ago
Modern capitalism in a nutshell.