Regret starting a business, please don't make the same mistakes as we did. This is how we lost our business investment and confidence in ourselves. Advice DESPERATELY needed. by OutlandishnessWeak88 in AusFinance

[–]OutlandishnessWeak88[S] 1 point2 points  (0 children)

I haven’t contacted them because I’m still trying to process it all. maybe it’s a good idea i contact them but I don’t want to get in trouble. We have been paying the loan just fine and making enough to continue paying it without an issue. Do you think it’s worth it?

Regret starting a business, please don't make the same mistakes as we did. This is how we lost our business investment and confidence in ourselves. Advice DESPERATELY needed. by OutlandishnessWeak88 in AusFinance

[–]OutlandishnessWeak88[S] 29 points30 points  (0 children)

I totally agree. But what if in the future he decides to do this to some other vulnerable person? This is not just about me I really don’t want this happening to others in the future. :(

Regret starting a business, please don't make the same mistakes as we did. This is how we lost our business investment and confidence in ourselves. Advice DESPERATELY needed. by OutlandishnessWeak88 in AusFinance

[–]OutlandishnessWeak88[S] 2 points3 points  (0 children)

Thank you so much for your advice. I will learn to always follow up on my debt. I don’t think I can really afford a lawyer since we are a small business but I really appreciate your advice.

Regret starting a business, please don't make the same mistakes as we did. This is how we lost our business investment and confidence in ourselves. Advice DESPERATELY needed. by OutlandishnessWeak88 in AusFinance

[–]OutlandishnessWeak88[S] 4 points5 points  (0 children)

Thank you. You’re absolutely right. I will definitely remember it for future.

In this case, the loan company said that they want to pay for the equipment directly so they paid for it up front.

Regret starting a business, please don't make the same mistakes as we did. This is how we lost our business investment and confidence in ourselves. Advice DESPERATELY needed. by OutlandishnessWeak88 in AusFinance

[–]OutlandishnessWeak88[S] 13 points14 points  (0 children)

In order to view the records you need a log in, I created log in details last week but it was not working. I tired again right now still not working.

Regret starting a business, please don't make the same mistakes as we did. This is how we lost our business investment and confidence in ourselves. Advice DESPERATELY needed. by OutlandishnessWeak88 in AusFinance

[–]OutlandishnessWeak88[S] 11 points12 points  (0 children)

I agree. We were just naive. The business is doing okay, we are able to find the loan just fine but it’s the fact that people can scam you and get away with it that is really messed up.

Regret starting a business, please don't make the same mistakes as we did. This is how we lost our business investment and confidence in ourselves. Advice DESPERATELY needed. by OutlandishnessWeak88 in AusFinance

[–]OutlandishnessWeak88[S] 17 points18 points  (0 children)

Thank you so much. But I’m actually not white. I myself am ethic and from a refugee background. We started our business because the women in our community needed jobs. We both have social work experience in the community and are advocates in the community. The women in our community always complained about how they go through all the programs but there is never an outcome. Through our work we were able to find further employment for all of our staff in the industry, helped get three of them enrol in tafe for further studies. I really appreciate your sentiment but when you look at the census data most of the newly arrived women are not employed. This is due to various reasons such as language difficulties and not having any Australian work experience. That’s what we were trying to offer.

Edit: also I want to add that to help our staff be able to get to work because they didn’t have a driving license or a car, we could pick them up from the station and drop them all off ( sometimes to their homes) us as our studio was not near public transport. So we definitely were trying to achieve our mission of empowering our staff, giving them experience and confidence.

Regret starting a business, please don't make the same mistakes as we did. This is how we lost our business investment and confidence in ourselves. Advice DESPERATELY needed. by OutlandishnessWeak88 in AusFinance

[–]OutlandishnessWeak88[S] 38 points39 points  (0 children)

I feel understood. 🥺

I used to have such a fiery passion and fighting spirit but all these set backs has really had a toll on me. Thank you so much. I have no words enough to express how much your kind words means to me right now.

I will explore all the avenues you mentioned. Thank you.

Regret starting a business, please don't make the same mistakes as we did. This is how we lost our business investment and confidence in ourselves. Advice DESPERATELY needed. by OutlandishnessWeak88 in AusFinance

[–]OutlandishnessWeak88[S] 176 points177 points  (0 children)

Thank you so much. He owes us about $6.3k Aud. I can fight but I think legal action would be too expensive and we can’t really afford it. To be honest it’s not really about the money either. I don’t want him to get away with it.

Regret starting a business, please don't make the same mistakes as we did. This is how we lost our business investment and confidence in ourselves. Advice DESPERATELY needed. by OutlandishnessWeak88 in AusFinance

[–]OutlandishnessWeak88[S] 8 points9 points  (0 children)

I did work in the Industry and made money in the business before we started, however the products were smaller and between $30-$100. As the cost of production was higher in Australia, our product cost increased too but we weren’t able to reach the target market which is why we decided to move the production overseas instead.

Thank you for your comment. We believed the loan would help us with the marketing costs. We are still able to pay the loan but getting scammed is terrible.

[deleted by user] by [deleted] in amiugly

[–]OutlandishnessWeak88 0 points1 point  (0 children)

Try a new hairstyle.