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  •  » You can build cool stuff using somebody else’s money

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    9/30/2024 6:35 PM  #1

    MS
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    From: Canyon Lake, Texas
    Registered: 1/24/2013
    Posts: 12,153

    You can build cool stuff using somebody else’s money

    Must be some really bad business folks at Hooligan’s.  Or, really smart.  Let’s have some fun and then stick it to the bank. 

    Money you enjoy wasting is NOT wasted money... unless your wife finds out.
     

    9/30/2024 7:11 PM  #2

    6sally6
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    From: Surfside Beach,SC
    Registered: 4/02/2013
    Posts: 6,732

    Re: You can build cool stuff using somebody else’s money

    Ken Block died.........right ?!
    6sal6

    Get busy Liv'in or get busy Die'n....Host of the 2020 Bash at the Beach/The only Bash that got cancelled  )8
     

    9/30/2024 9:07 PM  #3

    Rudi
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    From: Stuck in the 50's Welland Ca
    Registered: 4/01/2013
    Posts: 3,933

    Re: You can build cool stuff using somebody else’s money

    6sally6 wrote:

    Ken Block died.........right ?!
    6sal6

     
    On a snowmobile!

    Good work ain't cheap, Cheap work ain't good!   Simple Man
     

    10/01/2024 5:23 AM  #4

    RTM
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    From: Cape Coral FL
    Registered: 5/22/2019
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    Re: You can build cool stuff using somebody else’s money

    I saw this a while back and for the life of me it just doesn’t make sense.   The business ran fine all those years and now they’re that far in debt?   Maybe they relied on income and were always playing catch with bills and after his passing there was no more income or not enough to pay the bills.

     

    10/01/2024 6:31 AM  #5

    TKOPerformance
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    From: Newark, DE
    Registered: 12/15/2014
    Posts: 7,408

    Re: You can build cool stuff using somebody else’s money

    What I learned in college studying business, and I've seen born out in the real world, is that business success is more often than not temporary.  In part due to the following:

    1.) Family businesses usually fail in the 3rd generation if the company doesn't go public or move from family control to a board of directors.

    2.) Everyone who ever though there was a limitless supply of money found out the hard way they were wrong. 

    3.) The cash flow game only works so long as their is cash flow, and what you rob off Peter is in excess to what you need to pay Paul. 

    4.) Running a whole lot of overhead trying to live like a rock star by expensing your lifestyle/hobbies through the business is a quick way to go broke.

    My guess Hoonigan's problems are directly related to one or more of those. 
     

     

    10/01/2024 7:07 AM  #6

    Bentworker
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    Registered: 9/17/2017
    Posts: 463

    Re: You can build cool stuff using somebody else’s money

    https://youtu.be/wx0v0LWq4ik

     

    10/01/2024 8:29 AM  #7

    KeithP
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    From: Scottsdale, AZ
    Registered: 6/10/2013
    Posts: 373

    Re: You can build cool stuff using somebody else’s money

    https://www.hoonigan.com/wheel-pros-announces-rebranding-to-hoonigan/
    https://www.youtube.com/watch?v=TKRgDhwM2Mo

    Last edited by KeithP (10/01/2024 8:59 AM)

    1966, vert, 347 stroker, T5z, 4 wheel disc, pb, 3.70 LS 9", EPAS
     

    10/02/2024 12:27 PM  #8

    John Ha
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    From: Mitchell, SD
    Registered: 4/02/2013
    Posts: 885

    Re: You can build cool stuff using somebody else’s money

    "You can build cool stuff using somebody else’s money"

    I made a career out of this premise working for government contractors. 

    Founding Member of the Perpetually Bewildered Society
     

    10/02/2024 3:02 PM  #9

    Rudi
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    From: Stuck in the 50's Welland Ca
    Registered: 4/01/2013
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    Re: You can build cool stuff using somebody else’s money

    Worked for me as well John, we called them “G” jobs if any one asked.😱

    Good work ain't cheap, Cheap work ain't good!   Simple Man
     

    10/03/2024 10:51 AM  #10

    6sally6
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    From: Surfside Beach,SC
    Registered: 4/02/2013
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    Re: You can build cool stuff using somebody else’s money

    "Friend-of-mine" worked at the Navy Yard also when I did....
    It was 'said'.. he had sooo much govt. stuff in his garage
    it would stand-to-attention if you drove by and your car had an American flag on it !!
    6sally6

    Get busy Liv'in or get busy Die'n....Host of the 2020 Bash at the Beach/The only Bash that got cancelled  )8
     

     

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