Felt compelled to comment and realize I am about a month late to the party.
I've had my brick and mortar for the past 19 years and have seen ups and downs in the economy but times have never felt as trying as now. I actually found myself googling "How To Sell Your Business" last year. I too have accumulated debt and am still closing out the year at a loss and it looks to be the case for the next few years if business does not pick up by at least 20%. My goal in 2022 was to try to get rid of my debt as soon as possible (I've never incurred debt prior to 2020 so it was a huge psychological hurdle for me to overcome.) but now realize it might be a long game. But I am not so sure if I am willing to wait out 5 to 7 years, especially when, as you've mentioned, the gains are so little. It almost feels like we have to claw our way out only to be whiplashed back if the economy agin take a turn for the worse. Thanks for this honest post.
Ugh. Well, if anyone can make it through, you can. I believe in you. Or you'll find a way out and start another business (I'm still available). Feel free to complain over Voxer anytime friend. <3
Walt Disney, nice guy from the North Side, said, "Ask the people what they want and give it to them." Start asking. Keep asking. Ask everything. Proud of you. Did I mention we had a great time at your wedding?
I'm in the middle of rejiggering / attempt to offload my business, so I know how this can go.
I don't have any suggestions or anything concrete to offer other than to let you know how unpleasant it sitting where you are, trying to figure a way out. If you need anyone to vent to, you know how to get in touch.
Felt compelled to comment and realize I am about a month late to the party.
I've had my brick and mortar for the past 19 years and have seen ups and downs in the economy but times have never felt as trying as now. I actually found myself googling "How To Sell Your Business" last year. I too have accumulated debt and am still closing out the year at a loss and it looks to be the case for the next few years if business does not pick up by at least 20%. My goal in 2022 was to try to get rid of my debt as soon as possible (I've never incurred debt prior to 2020 so it was a huge psychological hurdle for me to overcome.) but now realize it might be a long game. But I am not so sure if I am willing to wait out 5 to 7 years, especially when, as you've mentioned, the gains are so little. It almost feels like we have to claw our way out only to be whiplashed back if the economy agin take a turn for the worse. Thanks for this honest post.
Ugh. Well, if anyone can make it through, you can. I believe in you. Or you'll find a way out and start another business (I'm still available). Feel free to complain over Voxer anytime friend. <3
Walt Disney, nice guy from the North Side, said, "Ask the people what they want and give it to them." Start asking. Keep asking. Ask everything. Proud of you. Did I mention we had a great time at your wedding?
I'm in the middle of rejiggering / attempt to offload my business, so I know how this can go.
I don't have any suggestions or anything concrete to offer other than to let you know how unpleasant it sitting where you are, trying to figure a way out. If you need anyone to vent to, you know how to get in touch.