Magical business money? Where did it come from? I'm sorry but I don't believe you lost 6 figures and I'm not sure I even believe you sold £43k worth. Who to?
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er, I earnt it (!!), but didn't take it out of the business, therefore not having to pay various taxes on it. If it's taken it out of the business and instead I'd spent it on personal stuff like, say, hookers and cocaine, I'd only have been able to spend about 50% of it* after the taxman had taken his pound of flesh.
* Yes yes depending on how quickly I took it out, whether I paid dividends or salary etc.
Business money is very different from personal 'in your back pocket' money. It's much cheaper to spend (if that makes sense). All about the government madly trying to persuade businesses to reinvest rather than directors taking the dosh and running
I got a stall at a bike show and took a load up there and sold for £80 if they bought on that exact day (was £100 normally).
This was mental .. they really were selling like hotcakes -- £80 about every 30 seconds on a product with a £18 production cost gives you a warm gooey feeling inside!
Had no way to take credit cards at the show so (secretely) noted down the credit card numbers using pen and paper, then when I got them home typed them all individually into the website to 'complete' the sale even though they already had the product, then destroyed the record of the info. Which probably broke about 100 credit card rules - but was doing anything I could to get sales!
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