3 ms·
Yes. 2008 was very hard on my industry and everything went to hell. I started the year with 23 employees and ended with 10. I developed a chronic health problem
by gregpilling 11y ago
Yes. 2008 was very hard on my industry and everything went to hell. I started the year with 23 employees and ended with 10. I developed a chronic health problem and sold out to my partners and the sales manager, and carried the loan (nobody was lending for anything at the end of 2008). I had to repossess the business in 2011 when they stopped paying me for 6 months.
It has been a long, long, slow climb back to the business being healthy. Real revenue in '12 was about $800,000 and we have climbed about 20% per year since, but we are constantly cash limited. I would be happy to sell and do something else, and that much money would fund the 'something elses' I have in mind. The business is not fun anymore, and I am trying to pivot it a new direction but the Queen Mary takes time to turn around.