COTD Refresher: A Business Deal Ruined My Relationship
The Dr. Laura Podcast
Dr. Laura Schlessinger & SiriusXM
4.6 • 6.3K Ratings
🗓️ 24 September 2024
⏱️ 11 minutes
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Summary
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| 0:00.0 | Time now for a refresher from my Dr Laura Call of the Day Archives and remember you |
| 0:05.6 | too can participate on my live radio program heard weekdays from 2 to 5 p.m. Eastern time on |
| 0:11.9 | serious XM Triumph 1111. |
| 0:14.3 | Steve, welcome to the program. |
| 0:18.6 | How are you today? |
| 0:19.8 | Good. |
| 0:20.8 | What's happening? |
| 0:21.8 | What's happening? Good. So I'll try to make this as quick as I can. |
| 0:26.0 | I had family friends. |
| 0:28.0 | So we have two kids, they have three kids. |
| 0:31.0 | All our families were very, very close and probably our best friends. |
| 0:35.6 | Stupidly I went into business with my best friend. I was probably, you know, 80% of not only the we were I had invented something I invented it I |
| 0:49.4 | brought him on board I did about 80% of the work he for the most part rode my coatales quite a bit but he probably |
| 0:56.8 | would have run the business part of it a little bit better anyways long story short |
| 1:01.8 | it didn't kind of turn out the way we want. I had invested a lot of money into it. |
| 1:07.0 | Someone came along, offered us a small percentage to take it to market. I had always envisioned doing that myself, seeing it through to market, and being the entrepreneur had bigger goals, |
| 1:23.2 | plans for it. |
| 1:25.0 | My best friend was a little bit more risk adverse. |
| 1:28.0 | A lot more risk adverse. |
| 1:29.2 | He did jump on board late in the game financially and his big take from the whole thing is hey if I get a |
| 1:36.9 | little bit of money from it good I'm good to go. |
| 1:40.7 | In the end he started questioning my ethics and you know whether or not I was being a true friend and he tried to force my hand and selling to a third party and inevitably I made the decision to walk away from the friendship but as I had explained it was actually not only myself but it was my whole family like we had done family trips together it was a We had done family trips together. |
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