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I worked at a small design/advertising firm in a medium sized city who when I started had most of the large businesses in the city as their clients. It was run by three partners, two of them had a falling out, and one of them left. The one who left was the main project manager and also the main account man. In the year and a half I was there when he was still part of the company he ran a tight ship and we were growing our client base and we set record profits every year. After his departure we steadily lost clients as the two other partners failed to pick up any of the slack and demonstrated no business sense whatsoever. At the time that I left we had two clients, granted they were our largest clients from the get go, but still, we had lost almost all of our smaller clients, clients who picked up the slack between big campaigns from the major companies. Furthermore these big companies knew we were dependent on them entirely and they ran us hard on rates that for the start of the two fiscal years I was there after the third partner left, never increased, not even to cover new work on top of existing work. Also one of the clients was family of one of the still existing partners, which was hilarious. Citric is right, don't work for family, they have no problem fucking you.
So yea, I know a little bit. It was a small company, everything was out in front of the employees.
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