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> I would be severely hamstrung by that looming anxiety. I'm in this position and severely underestimated this. We do $15-20k MRR but $1k of that is profit, an
by tazu 3y ago
> I would be severely hamstrung by that looming anxiety.
I'm in this position and severely underestimated this. We do $15-20k MRR but $1k of that is profit, and it took 3 years to get here. I'm now an alcoholic and considering closing up shop to take care of myself, but feel bad about blindsiding the 20 or so contractors we work with.
- stavros 3y agoYou don't have to blindside, them, though. Say "we're going to close in six months, please find other work" and you can wind down as they leave?
- tazu 3y agoThat's the plan. I said "blindside" because for the majority of the 20 contractors, this is their only work and they live normal lives in LatAm. But the actual business doesn't make sense anymore, unfortunately.
- vidarh 3y agoIf you can't find a buyer (per the other comment), perhaps give them the opportunity to discuss if they collectively, or a subset of them, might be able to take over.
- twiss 3y agoIf you're willing, you could try to look for a buyer, in case someone else (thinks they) can make the business work. There are marketplaces for small businesses online. Also, hope you can find help with the alcoholism!
- tazu 3y agoThanks, I'll look into that.
- deleted 3y ago[deleted]
- ensignavenger 3y agoDo take care of yourself. Give the contractors as much heads up as you can, no need to blindside them. Maybe one of them would like to take over or buy you out? I f you don't take care of yourself, you have a high chance you will eventually lose the ability to take care of others, and in a much more tragic way.