They shutdown his business- donât let this happen to you
They shutdown his business- donât let this happen to you Today I received a VERY sad message from a business owner I know and like , He went from 2M in 2024 to being FORCED to close in 2025⌠Draining his familyâs wealth because of all of the refunds they were obliged to make. NOT because of bad marketing. NOT because of weak sales. NOT because of a bad product. Because of something he never saw coming. You see, at the end of 2024, I was in talks with this entrepreneur about working together. He ran an education company in Canada. 2M a year. Stuck. Wanted to scale. We had extensive conversations. In the end, he decided not to invest in coaching. I reached out to him today just to catch up. This is what he said: âThe Canadian Government shut down the bootcamp business.â âThey gave us an ultimatum â come under their wing as a regulated career college or shut down. We chose to shut down.â âHad to pause programs and issue refunds. Otherwise they were threatening fines and jail time.â â100s of customers affected.â âFired a lot of people in my team.â âRevenue went to 0.â One regulatory shift he didnât anticipate. Itâs not fair and I hate it! The government shouldnât be able to come in and just shut him down like that. Itâs a government shakedown- itâs criminal! But now, his business gone. Heâs already rebuilding â launched a new company in December, signed 4 clients in 3 weeks. But imagine if heâd seen this coming a year ago. Different decisions. Different outcome. Maybe a pivot instead of a shutdown. Part of what I do for my 120K/year executive coaching clients is called the Strategic Dominance Dossier. (It falls under the DEFINE stage of my 3D Scaling System) I review 250+ sources in your industry⌠Competitors, regulations, market trends, industry reports, influencer movements, review sites⌠EVERYTHING! Then I run the research through the Harvardâs Business Schoolâs, Blue Ocean Strategy FrameworkâŚ.