Stunned

    Not everyday is sunny. I have made a great error in my business. Probably the second biggest mistake since the issue I had with customs while I was importing goods. But I was able to make up for the losses with the partially imported goods that got through. In this case, I think the situation is more tricky. I straight up lost about $2k signing a contract, which at the moment, I knew was a problem. There was a big ass sign saying that Airbnb is illegal in that building, and there could be fines and imprisonment (a bluff but scary for guests nonetheless).

I suppose the sunk cost fallacy played a part there because I put in $500 initially to seal the contract. Also at that moment, I didn't exactly know that I was straight up losing $2k. I thought I would figure out a way.

I talked to Sean and Ayob about it, and they both said just go for it. There are 4 other people running it in that building no problem. I don't know if I don't have enough balls as an entrepreneur, or if it's because I have more skin in the game, but I didn't want to at first. But I was somewhat persuaded by Sean, and I was ready to move forward with it. But my father was ready to disown me if I moved forward with that. 99% of the investments came from him, so if I deeply disappointed him, then it would have been bye-bye to any future investments.

I think that it would have worked, and it still can, but it would probably come with a few sleepless nights. You can't put a price tag on a good night's sleep. Ultimately though, it would go against the brand image, which I'm all about. And that is like selling my soul for money. I really should have not done it. It was not until I spoke in a language that Sean understood that he stopped persisting me to just move forward with it. (saying my dad would disown me, which was actually kind of implied).

Anyways, at the end of the day, I've been given 2 bullets of opportunity, 1 from dad and 1 from Sean. I missed 1 of the bullets, now I only have 1 left and I really cannot mess it up.

The next move is to repeat the process, but not fuck it up this time. It would be a good idea to revisit the location one more time to check for anything that may cause future problems after the realtor shows me the place.

Also now I am a bit scared to try gangnam again, but really the sign was the only issue if I think about it. I just have to make sure that the risk is as low as possible.

I have a lot to think about, but I believe that my compass is fixed now, I know what to do. I will not miss the next bullet.






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