"Should I Sue the Person Who Screwed Me Over?" — Transcript

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1. 0:00My husband bought a franchise location
2. 0:01but the previous owner had secretly been
3. 0:04taking customer payments without
4. 0:05shipping anything. Jesus. Invoicing
5. 0:07customers, collecting money, and then
6. 0:08voiding the invoices to hide it. My god.
7. 0:11>> What's wrong with people?
8. 0:11>> Now about 60 businesses are suing over
9. 0:14this. The location's reputation is
10. 0:15likely unsalvageable.
11. 0:17>> [clears throat]
12. 0:18>> My husband wants to sue the previous
13. 0:19owner.
14. 0:20What should we do first? Man, it's going
15. 0:22to be tough.
16. 0:24It's going to be tough.
17. 0:26Um
18. 0:28Believe it or not, I've actually seen
19. 0:29this happen more than one time,
20. 0:31unfortunately. Like I've seen this
21. 0:32happen
22. 0:33a lot of times. Um and this is why due
23. 0:36diligence is a step in the M&A process
24. 0:38where you acquire a business because
25. 0:40people do shady [ __ ] and they do it
26. 0:42especially when there's a lot of money
27. 0:43on the line and especially when it's a
28. 0:44one-time transaction. So, when like when
29. 0:47is there the highest likelihood of shady
30. 0:48[ __ ] happening is one-time transactions
31. 0:50with huge stakes that are irreversible,
32. 0:52which is exactly what an M&A what an
33. 0:54acquisition of a business or acquisition
34. 0:56of real estate is, right? So, there's
35. 0:58huge incentive to do wrong if you're a
36. 1:01short-term player. Um which obviously
37. 1:03this person is. And the amount of money
38. 1:05that you can make from short-term
39. 1:06thinking um sometimes can be enough to
40. 1:09set you up for life depending on how
41. 1:11you're
42. 1:11>> What a piece of [ __ ]
43. 1:12>> No, I agreed. Yeah.
44. 1:13>> No, I'm just saying like for you like
45. 1:14sorry, it sucks. It's a
46. 1:15piece of People are shitty.
47. 1:16>> Yeah.
48. 1:17>> We've gotten screwed in things like
49. 1:18that. It [ __ ] sucks.
50. 1:19>> Yeah. And so let me tell you the bad
51. 1:20news first. The bad news first is that
52. 1:22even if you do sue cuz some people think
53. 1:24that like oh, if I sue them, I'll get my
54. 1:25money back. It's like you only get the
55. 1:26money back if that person has the money
56. 1:29and that amount of money divided by the
57. 1:30other 60 people suing them is enough to
58. 1:33make you whole, which is unlikely cuz
59. 1:34either they blew it or that number
60. 1:35divided by 60 is not what you spent.
61. 1:37>> It's also like okay, it's going to take
62. 1:382 years minimum to sue them and get the
63. 1:40money. How can you even sustain the
64. 1:42legal fees for the 2 years leading up to
65. 1:44that to pay lawyers?
66. 1:45>> And are you going to live your life in a
67. 1:46holding pattern?
68. 1:47>> Yeah.
69. 1:48>> Like I like
70. 1:50I would say that how like how I would
71. 1:51actually handle this is I would probably
72. 1:53take my licks,
73. 1:54learn from the lesson,
74. 1:56and then just say like I'm going to be
75. 1:56that much bigger and like I will shrink
76. 1:58you into irrelevance. So like this
77. 2:00problem, though large for me now,
78. 2:02the future version of me with the amount
79. 2:04of action I'm going to take as a result
80. 2:05of this very negative thing is going to
81. 2:07make this loss feel inconsequential in
82. 2:09the future. And it's the only frame that
83. 2:11I think has really helped me.
84. 2:12>> Just remember they have a very small
85. 2:14penis.
86. 2:15>> Jesus Christ.
87. 2:21You heard it here.
88. 2:22Ladies and gentlemen.
89. 2:23>> What? I think it's like it's got You
90. 2:25have to get it out with one day and be
91. 2:26like this person is a piece of [ __ ]
92. 2:27[ __ ] [ __ ] this [ __ ]
93. 2:29>> Yeah.
94. 2:29>> And then just be done with that and move
95. 2:31on.
96. 2:31>> And move on.
97. 2:32>> You know.
98. 2:33>> The key is that like if you just stay
99. 2:35angry and don't let it
100. 2:37>> I'm going to read that one.
101. 2:37>> If you let it prevent you from taking
102. 2:39the actions that are going to make you
103. 2:40money, like you will make more money
104. 2:42making money than trying to get the
105. 2:43limited amount of money out of that
106. 2:44person there.
107. 2:45>> Yeah.
108. 2:47Yeah, legal system not a justice system.
109. 2:49Remember that.
110. 2:50>> This huge. I will say that again. It is
111. 2:52the legal system, not the justice
112. 2:54system. You will not get justice.
113. 2:56>> Like the amount of times that we've had
114. 2:57to pay
115. 2:58[ __ ] money because they've sued us
116. 3:01for something that's a lot.
117. 3:02>> Just cuz it cost less to settle.
118. 3:03>> Just cuz it cost less to settle. Which
119. 3:05by the way, if anyone's watching this
120. 3:06right now, I won't do anymore.
121. 3:09>> Yeah. I'll just Heads on spikes, baby.
122. 3:10Heads on spikes.
123. 3:12>> I'll out sue You can try and sue me for
124. 3:145 years. You don't have money, I do.
125. 3:15>> Cuz then it just becomes a victory of
126. 3:16like, well, cost them more than cost me.
127. 3:18>> Yeah. But anyways,
128. 3:20>> Yeah. [laughter]
129. 3:21>> for anyone watching,
130. 3:24I'm going to bury you in legal fees,
131. 3:26[ __ ]
132. 3:26>> If you like this video and you're a
133. 3:27business owner who wants to break
134. 3:28through your current revenue ceiling, I
135. 3:30distilled every lesson from scaling 10
136. 3:31businesses past 10 million and three
137. 3:33businesses past 100 million into a
138. 3:35completely free scaling road map that
139. 3:37I've used to go from zero to one, zero
140. 3:38to 10, and zero to 100 plus. And so you
141. 3:40can click here and you can check it out.
142. 3:42Again, absolutely free. And since you're
143. 3:43a business owner, I appreciate you and
144. 3:45enjoy.