With what was basically my safety NET (my home equity), I purchased a business opportunity. I made this purchase hopefully to better my situation - I was working 16 sometimes 18 hrs a day as a vendor. This High Class Scam (bus. opp.) has put me in a very bad situation. I had to leave my old job to run the business, but I have been loosing ~2300 per month for 7-8 months. I have been living off of credit cards. What should I do, I have a wife and two kids? Time is running out!!!
2007-12-14 12:34:19 · 3 answers · asked by AWB 1 in Business & Finance ➔ Small Business
First thing, find a job right away--you need to support your family. Then check with a lawyer about your recourse, and also check with the state's business registration about the prior owner. You are headed for bankruptcy if you don't pull out of this quickly.
2007-12-14 13:16:24 · answer #1 · answered by Anna P 7 · 2⤊ 0⤋
If it was truly a scam, and you have proof, you can sue them, or possibly have charges brought against them. I would suggest seeing an attorney and explore your options. In the meantime, you may want to consider a part-time job to help defray your losses.
I'm interested in what kind of business this is. Email me through here if you like.
2007-12-14 21:48:28 · answer #2 · answered by BarryRichardson 1 · 1⤊ 0⤋
Wow, I have heard that exact story before. I have the perfect ebook for you to read that will give you the encouragement you need. It's free don't worry. I'll email it to you okay!
2007-12-17 11:52:17 · answer #3 · answered by Anonymous · 0⤊ 0⤋