There was a real business which we will like to refer to as "PLUES"(anonymously) . It was of an MLM structure.We will like to refer to the name of the entrepreneur as Charlse (anonymously).
PLUES was a food business strategy which was targeted at assisting the masses through food distribution, making it both affordable and free (the referral commission).
Well,Charlse asked a developer to create an end-user sign-up website for him.Since he wouldn't use payment gateway (Payment via ATM and in-app transfers),he suggested thAt his developer create a manual channel of PLUES account details being written on the Payment section,to ensure that clients who gets the account detail after sign-up can walk into the bank and effect payment.
Sweeter than never Before,was how his business started to pick.it became the dream business structure of every competitor. The business was doing so well ,until a tech hacker remembered it in one night.
The hacker found his way into the code via page source code and simply changed the account details of the company in just one night.A thousand of clients started effecting payments to this individual.For some reasons,no one blew an alarm until it was too late and the business was in serious debt and mess.
First of all,the entrepreneur had to run to safety due to the debt at hand. During the hide-out,he was trying to rectify the issues but it was too late.PLUES was a dead business already. That was the end.
What mistakes did Charlse Make?
Tell us one mistake and win free airtime.
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