Business Collapse After Going All-In | Justin Willess Interview

Рет қаралды 3,621

Күн бұрын

Пікірлер: 29

@HurricaneChise Ай бұрын

I commend Justin for his transparency and candor. One learning I would add on to his list is purchasing such a large business as a first time entrepreneur. Not trying to pile on him at all, it sounds like he was incredible unlucky to deal with an unscrupulous (maybe even fraudulent) seller, but all of these consequences would have been more manageable if the deal required less debt. I wish him the best moving forward. Thank you Will for allowing him to share his story.

@benjonesp.e.2063 Ай бұрын

Very sorry all this happened to you Justin. From one engineer to another, thank you for sharing this very helpful OE, and I hope your next business makes up for this experience and then some! Much Respect.

@justinssebanenya1329 Ай бұрын

Confession of judgment has given me goosebumps! Thank you for sharing. Best of luck, Justin!

@michaelnorell8147 Ай бұрын

its podcasts like this episode that make the ETA landscape a better place. thank you Justin for telling your story.

@_arshadm Ай бұрын

I'm looking to buy a business and this has been an eye opener to look at the small print. I feel so bad for this guy, he was hard working and honest but got screwed over. Seems like breaking any commitments to the seller has to be done with extreme care if you have any seller financing but sellers can do whatever they like because it's so expensive to take them to court.

@AminaAhmed-n4d Ай бұрын

Justin- Your strength in the face of such injustice is truly inspiring. To hear how you were taken advantage of by the seller and yet refused to let it fuel your anger or diminish your resolve is a testament to your character. In a world where unfairness often seems to thrive, it’s remarkable to witness someone like you remain grounded, focused, and undeterred. I am deeply sorry that this happened to you. Karma will undoubtedly find its way to the seller at some point, but your power lies in how you continue to rise above and channel your energy elsewhere. Will- thank you so much for having him on.

@user-yr1si5db3d Ай бұрын

Thank you for sharing the intimate details! This definitely is valuable to the community!

@thesauce669 Ай бұрын

People can be horrible. The sellers were despicable liars. Thanks for your story Justin.

@finch4336 Ай бұрын

What a boss! Owned his mistakes, slept well, and lived to tell the tale. Talk about a twist halfway through the podcast! I would have never guessed the seller pulled the plug. I am curious if buyer sought a legal opinion as to whether litigation against the attorneys should be pursued, though as I think it through ultimately it is buyer beware.

@jonathancrandall8991 26 күн бұрын

Thank you very much for sharing.

@gurjitsurana2796 Ай бұрын

True strength, we live in a world of karma those who have done such wrong will be hit back by it, thank you for your openness & resolve to educate us so we can prevent this in our future aspirations very selfless great conversation

@alexandermillan7595 Ай бұрын

Thank you for having the strength and courage to share your story. It is incredibly valuable. Best of luck into the future.

@christopheredwards4575 Ай бұрын

Thank you for sharing. Incredibly difficult situation, I commend your positive spirit in the face of massive adversity. Bravo

@amygorman5267 Ай бұрын

Wow. I'm so glad you are still moving forward in life and have such a great attitude! I wish you all the best....I believe there is good karma that will come your way for such a huge effort. Best of luck!

@matthewmoseslee Ай бұрын

Great Share Justin! Looking forward to seeing you rise up and turn this temporary setback into a Success!

@ippeunittal6547 Ай бұрын

I’m terribly sorry for what you went through. Thank you so much for sharing your story. You have helped me so much in what to consider when buying a business. Great advice on what to look for. Can you sue the previous owner for what happened to you? I wonder if you can sue them for the downfall of your business.

@peterzummo10 Ай бұрын

Did you consider filing for Chapter 11 Bankruptcy ? That would have stopped everything including the COJ in its tracks..

@christianflybyus2484 Ай бұрын

Would love to connect with Justin... He's an awesome person and operator.

@snapfires5127 Ай бұрын

if some of the chips fell bit differently , this story could have had happy ending. one word that come to mind is seller sabotage and professional that were involved in business consummation were less than adequate.

@JasonPuq Ай бұрын

Holy s---... I can't believe how grounded Justin is through all this... But more practically, maybe it's too soon in the journey to ask these kind of follow-ups... but isn't everything that happened here with cooking the books, ignoring the non-compete/non-solicitation, etc grounds for seller fraud and breach of the purchase agreement? Will Justin have any recourse to get the sale proceeds back from the seller to help offset his foreclosure, his personal guarantee on the senior debt, etc? But how did the Confession of Judgement on a subordinate loan supersede the Bank's Senior Debt in the first place?

@simon459 Ай бұрын

Painful to watch this one. Some mistakes were made but it sounds like he was doing a great job on the underlying business. Very tough one to start with given large size, complex WC nature of the biz, and seller interference. IMO he was completely let down by his legal team both pre closing and afterwards

@patmacd8886 Ай бұрын

What about all the fraud committed by seller ? Not sure how they could get away with all that. There are usually provisions for if fraud is uncovered then seller financing etc takes a hit. And how is the seller allowed to over rule the sweep account. What about all the legalities around that?

@RoniiNN Күн бұрын

Having a good team and doing due diligence usually avoids this.