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Phones 4U go into administration - a lesson of control

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UK cell phone reseller Phones 4U went into administration today after EE pulled the plug. Despite making millions per year the rug has been pulled from 'beneath their feet.'

"If the mobile network operators decline to supply us, we do not have a business," said Phones 4u Chief Executive David Kassler.
Click to expand...

http://www.bbc.co.uk/news/29201191

http://uk.reuters.com/article/2014/09/15/uk-phones4u-idUKKBN0H90ZD20140915

An important lesson for us all.
 
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Access Restricted: Unlock 1,000,000+ Posts

Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

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