So I recently made this bad decision on a car and I regret it as it is costing me now. It's a ford focus xr5 if you are wondering. But anyway I made a bad and rushed decision on it which is now costing me (previous damage where it wasn't recorded on the ppsr, engine light has come on and all this other crap) where I feel shit about it. Now that I look back on it, the guy was dodgy but it didn't seem it at the time, everything is piecing together slowly.
What was a bad decision you guys made in any scenario, not just cars that you regret now?
Just need some ozbargain motivation to pull through this.
23/09/2017:
Thank you everyone for sharing your experience. I have read every single comment and gained a lot from your feedback, I wish the best for everyone always, I just felt bad about the purchase because usually I am more aware than what I was. I guess it was just the excitement that made me lose my senses making the purchase, I will walk out of this with experience to ensure this won't happen to me again or anyone I know.
No - both health fitness business, both franchise
First one made really good money and Master Franchise decide my profit was too high for ONE club and so open 4 others all around me. Lost $60k in first year and sold it for a $150k lost.
Second one, open in a centre but expressed my concern that the centre is really run down and don't want to dump $550k to built a club. They showed me plan for development ($40M worth) and told me it will be done in 12 mths. Unbeknown to be, my lawyer did not go through the lease properly and on the third iteration of the lease, they removed 12mth condition on the development clause from the lease.
Ran the gym at a lost for 2 years and dump around $150k of my own money to keep float and sold it for more or less $1 token price.