'It's my business now': Incompetent new owner tanks business by meddling with crucial employee, leaves and takes clients with them

Brad Dickson • Managing Editor

Feb 27, 2023 9:00 AM EST

There's nothing like building up a small business with your boss only to have them sell it… leaving your job in the hands of a greedy egomaniac who cares about nothing except making good on their investment. This new owner will often think that they know how to run your business better than you and manage your clients better than you—all while downplaying your experience and contributions to "put you in your place."

This often results in an incredibly predictable outcome; without knowing the nuances of the business or industry and the connections required, there's really only one way it can go.

This is a story of exactly this scenario with exactly this outcome. The bonus? Complete oversight on the new owner's part, in failing to force the signing of a non-compete, gave Redditor u/egnards a chance to replicate their success in the industry—for themself this time.

Keep reading for this incredible tale of revenge. One of my favorites from last year.

For more, check out this manager who sold $400k of electronics to his employees at 90% off to get back at the company.

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