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How a young investor’s $30k foray into a small business went awry
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Unless you have absolute trust in the people running the business, it is a very bad idea to become a “sleeping partner”.
PHOTO ILLUSTRATION: PEXELS
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Investing $30,000 to be the co-owner of a pub sounds like an intoxicating deal, but a young investor ended up on the rocks with a monumental financial hangover when the enterprise turned sour.
The woman’s fate illustrates the many pitfalls that could befall anyone buying a stake in a small business. For a start, you could end up earning next to nothing from your investment, simply because you have little to no say in how things are done.
