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Couple Entrepreneurs (CE) were enticed to invest in a New Project (NP), which has received impressive feedback. Hence, the two were excited at the prospect of the return on their investment and dipping their fingers in a new undertaking. Like all investment projects, money needs to be placed way ahead. CE knew that other investors, sponsors, and other interested parties would join them and the money would be more than enough to cover their investment.
When CE was sure in NP, the two placed most of their hard-earned savings, along with a few friends who believed in them as well. They knew that future investors were closely looking at how the team will handle NP. CE and the team were confident they could deliver, as they know the ins and outs of the venture.
Then, the pandemic happened. Everything was stopped or rescheduled. The prospect for NP looked bleak. CE’s investment was doomed unless NP manages to take off. Worse, CE’s other business halted as well. As that business had workers involved, CE was at a loss on how to cover wages and necessary assistance. The workers were left to fend on their own, which was unlike other establishments that tried to address the needs of their employees even at a small scale. CE could not do anything, as money was tied up in NP.
To make matters worse, the workers are rumored to be taking legal action on CE. Friends are hoping that CE would rise above the situation and NP finally moves. For now, it’s wait and see and new lessons learned for CE.
‘The art of living is more like wrestling than dancing, in so far as it stands ready against the accidental and the unforeseen, and is not apt to fall.’ − Marcus Aurelius
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