Comment · Sat, July 19, 2014 · Ceretropic
Anyone heard of this about HSW?
What they were answering
i11uminati · 28 points
My business partner, Brandon, and I dissolved Health Supplement Wholesalers LLC yesterday.
Brandon wanted $500K+ for his 50% of the business. I was only willing to offer him $70K, which I thought was fair since I managed the warehouse, offices, and websites while he was in another state acting almost as a silent partner but being paid the same amount.
There was also the matter of almost $200K worth of dead inventory which Brandon ordered without test markets. It was my fault too for not stopping those orders. I don't know if anyone saw the NootropX or TranquilitX (sp?) supplements, but they didn't exactly sell like hotcakes. His NEWtrition line did move during the clearance sale though (50% of cost).
Other than being the Nostradamus of test markets, Brandon oversaw the contractor who did all the Amazon "marketing" (fake reviews, etc). Amazon had shut down their stores repeatedly for their sheisty marketing tactics. I don't even know all of the store names, but they did tarnish our reputation. I think that after the 6th or so Amazon store suspension Brandon was planning to demand his payout.
Several months after the Amazon setbacks (end of June 2014) he asked me to buy out his share and ended up threatening judicial dissolution after my counter offer.
Dissolution was a good thing though. At first I was really pissed that Brandon was demanding a buyout and threatening judic…
u/MisterYouAreSoDumb · Ceretropic
Was your business partner an 8 story tall monster from the Mesozoic era?
"I ain't givin you no tree fiddy for your half of the business, you loch ness monsta!"