Re:Golden Rules for Making Money by P. T. Barnum (1880)
by ars on Sunday September 21, 2008 @02:22AM
(#310249)
> you will lose your reputation.
He's talking from personal experience, he did loose a lot of reputation when a company he invested in went bankrupt. So he's not wrong.
> Hasn't that caused a lot of problems?
It depends - if you are holding assets that belong to the customer, or have a contract to do something for a customer then yes.
But if you have a business like his, museum, then there is no reason to say anything - if you go under, at worst someone will be disappointed they can't get in, but they will not loose anything.
He's talking from personal experience, he did loose a lot of reputation when a company he invested in went bankrupt. So he's not wrong.
> Hasn't that caused a lot of problems?
It depends - if you are holding assets that belong to the customer, or have a contract to do something for a customer then yes.
But if you have a business like his, museum, then there is no reason to say anything - if you go under, at worst someone will be disappointed they can't get in, but they will not loose anything.