How to destroy a small business

An entrepreneur who combines art with business.
An entrepreneur who combines art with business.

The other day I was reading a story about Mixit. The company became South Africa’s biggest social network reaching something like 10 million monthly active users, who sent 300 million daily messages and it was used in 126 countries. The story said a combination of shareholder disputes, missed opportunities, bad timing and sheer bad luck led to the demise of this once-flourishing network. But worst of all the company was eventually taken over and the new managers including a former banker quickly destroyed any value the business had. Continue reading “How to destroy a small business”