My business is killing me – responses and further thoughts
Last weeks musing on whether you should get out of your business before it kills you got some emotional responses.
I won’t name anybody (that wouldn’t be fair) but one guy has had a rough year or three and is hanging on by the skin of his teeth – selling personal assets to carry the business through until orders start coming in again in a few months.
I can feel his pain as I write this. He even had a business coach (spent $60,000 over 18 months) who failed to foresee the changing markets that made life so hard (that’s a whole different conversation, isn’t it? – more of that one next time, perhaps)
There’s still no easy answer to the problem, either – if he holds on and the deals come through and he gets his (rather interesting-looking business) back on track, I’m sure he’ll be pleased and feel vindicated.
If he stops trading or finds a buyer and they make it succeed, he’ll always wish he kept going.
And if he sells his last assets and fails anyway, he’ll have wasted those too and end up with nothing.
Interestingly, they say that most of our most successful millionaires have been bust twice…..
So what would you do? We are interested to hear your thoughts on a situation like this, so leave your feedback in the comments below, or email them to me.
Small Fish Business Coaching Byron Bay
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See you later.