longtomsilver Posted November 10, 2015 Share Posted November 10, 2015 There's quite a few unsuccessful successful people that I know of who have become company directors of their own firms which have been on an almost instant downward trajectory and ultimate demise but somehow they come out the other side smelling of roses in a big house and a posh car. Rinse and repeat a few times and retire. One of them is a carp builder I know via the wife, brought up in conversation as they sent their children to private school and the other person was/is in the feed-in tariff business (last business was a VAT carousel fraud, his partner went to prison... Business went into liquidation; he's easily worth £5million). So high turnover, low margin. Optimum start-up capital. I.e. £30,000 in £300,000 out. All hypothetical. Grant Groovy (boo) eat your heart out. Link to comment Share on other sites More sharing options...
200p Posted November 10, 2015 Share Posted November 10, 2015 Organic Chip Shop Link to comment Share on other sites More sharing options...
Kurt Barlow Posted November 10, 2015 Share Posted November 10, 2015 Pub Tenancy via a Pub Co. My brother sold his moderately successful contract cleaning business to pursue his dream of running a pub courtesy of Punch Taverns. I had worked in a corporate position for a rival and warned him against it in no uncertain terms but he never listens. He took on the tenancy which ended in tears after 5 months. Cost him 40K overall and most of the money from the sale of his business. He then invested in a courier business. That lasted 6 months and cost him his house. Link to comment Share on other sites More sharing options...
SarahBell Posted November 10, 2015 Share Posted November 10, 2015 Apparently an ethical 'rent to buy' furniture shop in Oldham. Link to comment Share on other sites More sharing options...
porca misèria Posted November 10, 2015 Share Posted November 10, 2015 Link to comment Share on other sites More sharing options...
libspero Posted November 10, 2015 Share Posted November 10, 2015 Pub Tenancy via a Pub Co. Beat me to it.. I was going to say pub or restaurant. Sorry to hear about your brother. Link to comment Share on other sites More sharing options...
DTMark Posted November 10, 2015 Share Posted November 10, 2015 Anything involving a partnership between two or more directors where what each in the partnership stands to lose is unequal. Link to comment Share on other sites More sharing options...
libspero Posted November 10, 2015 Share Posted November 10, 2015 In answer to the OP, It sounds like what you actually want is a marginally profitable business that you can drive into insolvency by transferring the company money into personal money through paying yourself far too much money as an employee before screwing over your creditors and sacking off the company with all of the attached debts. If that's how you roll, it's more about how you perform the confidence trick on your creditors than what line of business you are in. Small family run businesses would probably be more naive. It would make you a monumental ******* though. Link to comment Share on other sites More sharing options...
porca misèria Posted November 10, 2015 Share Posted November 10, 2015 Actually Tom is already in exactly the best business. He's married to someone rich and has kiddies. A profitable position from which to fail. Link to comment Share on other sites More sharing options...
longtomsilver Posted November 10, 2015 Author Share Posted November 10, 2015 Actually Tom is already in exactly the best business. He's married to someone rich and has kiddies. A profitable position from which to fail. +1 for the link. Nothing original from me - screwing people over is as old as the hills. Succinctly put re. marrying someone rich (not originally but that's how things panned out. So she wants equality I'm only musing. Its more of an inconvenience than anything else bit my 12 hour (0 hour contract at spoons) has been decimated with the arrival of a new pub manager. From 18 per week to 6 which is hardly worth bothering. Lots of no shows on Saturday night after some full-time (0 hour) peeps have had their hours cut from 50 to 23 (exactly for 3 people). No phone calls to say they weren't coming in and phone switched off. I almost didn't bother myself. The new pub manager is recruiting 8 new staff week and they are all under 21 Link to comment Share on other sites More sharing options...
DTMark Posted November 10, 2015 Share Posted November 10, 2015 Sounds like there's a back story on this one Mark. Spill the beans. ;-) I've been offered partnerships/shares in lieu of development work but have always turned it down. It crosses a line that should rarely be crossed and what each party brings to the table is too unequal. I have however watched a number of clients' businesses - partnerships - fail due to "falling out" between the directors including one comically tragic one where both directors (50/50 split) kept requesting their administrator password be reset so they could gain control of the facilities to the detriment of the other. Link to comment Share on other sites More sharing options...
The Generation Game Posted November 10, 2015 Share Posted November 10, 2015 In my experience as an accountant, construction workers (going from self-employed to a limited company) seem to have no comprehension that the company's money is not theirs and just extract all the cash as if it were drawings. They seem to be masters of screwing over their creditors before setting up again. Link to comment Share on other sites More sharing options...
Scunnered Posted November 10, 2015 Share Posted November 10, 2015 A hipster cereal cafe? Maybe somewhere like one of the rougher parts of Glasgow, just to make sure it isn't successful by accident. http://www.standard.co.uk/lifestyle/london-life/cereal-killer-cafe-owners-what-its-like-to-be-the-most-hated-men-in-london-a2970776.html Link to comment Share on other sites More sharing options...
Northerner Posted November 10, 2015 Share Posted November 10, 2015 Local delivery service? Link to comment Share on other sites More sharing options...
happy_renting Posted November 10, 2015 Share Posted November 10, 2015 My Uncle set himself up as a contract wheeltapper for a hovercraft company. Link to comment Share on other sites More sharing options...
StainlessSteelCat Posted November 10, 2015 Share Posted November 10, 2015 Erm...BTL. Seriously though, film making. Seemingly lots of scope for perks, while creative accounting means you never make any money. Link to comment Share on other sites More sharing options...
MrPin Posted November 10, 2015 Share Posted November 10, 2015 Renting badgers out has always failed for me! Link to comment Share on other sites More sharing options...
CunningPlan Posted November 10, 2015 Share Posted November 10, 2015 Dog walking specialising in Whippets. Good luck getting a Yorkshireman to pay you £5 to take his dog for a stroll. On a more serious note - any business whose main customer base are on benefits. Link to comment Share on other sites More sharing options...
MrPin Posted November 11, 2015 Share Posted November 11, 2015 Wedding car hire. A mate of mine failed with this one. Link to comment Share on other sites More sharing options...
porca misèria Posted November 11, 2015 Share Posted November 11, 2015 Wedding car hire. A mate of mine failed with this one. Wedding tackle hire? Interesting. Link to comment Share on other sites More sharing options...
thecrashingisles Posted November 11, 2015 Share Posted November 11, 2015 My Uncle set himself up as a contract wheeltapper for a hovercraft company. That blows me away. Link to comment Share on other sites More sharing options...
CunningPlan Posted November 11, 2015 Share Posted November 11, 2015 That blows me away. He just skirted round the problems. Link to comment Share on other sites More sharing options...
Northerner Posted November 11, 2015 Share Posted November 11, 2015 Travel agent in Yorkshire .... Link to comment Share on other sites More sharing options...
Lewis Gordon Pugh Posted November 11, 2015 Share Posted November 11, 2015 Dog walking specialising in Whippets. Good luck getting a Yorkshireman to pay you £5 to take his dog for a stroll. On a more serious note - any business whose main customer base are on benefits. So that is 90 % of the population then. Link to comment Share on other sites More sharing options...
Bloo Loo Posted November 11, 2015 Share Posted November 11, 2015 protection. Link to comment Share on other sites More sharing options...
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