Let’s say you went $100,000 in debt starting a business, and it costs $5000 to operate every month and you make only $4000 every month for the first year.
But you have a house and family, etc.
Where is the money going/ coming from??
In: Economics
My old boss would take money out of the business account for anything he needed personally. Anything from bills, food, gas, all living expenses. This also the same guy who would bitch that he didn’t get a paycheck while the employees did. (LIKE WHAT!?!) Also the same business that wouldn’t/couldn’t pay the employees on time consistently because of piss poor book keeping. Definitely not the correct way to run things obviously, but that’s what happened. Small business, total people working including office was like five when I left.
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