4 Answers
For me it was when I got married to my first wife and bought my first home, I had to ask my Dad for some money to help cover the 20% down payment it required.
The second was when i started my Fleet Service business. I needed to take on a partner because I had the idea and the experience to start this new type of business, but not enough money to acquire the property, materials of permits to do so.
After we made money we opened a second facility in an adjoining state. When our techs decided to join the Machinists Union my partner would not go alone if we got Unionized. We had to sell the business or I could buy him out. I was able to convince another of my friends to lend me enough to buy out my partner.
Turns our that Unionizing was the best thing that ever happened for me. We always paid more than other shops to get the best techs but when the contract set standards for the techs to advance we end up with the best of the best working in my shops.
We began to open more shops in more states to the point where I owed 26 shops in six easter states.
People had fathe in me and i was always able to get money to invest. I paid eveyone back early and with interest. I sold the businees 27 years ago and retired at age 60.
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12 years ago. Rating: 2 | |