Woke up at about 3:00 two nights ago with a stomach punch that our business is going to go under. I ran payroll yesterday and had to transfer $$ from our emergency funds to the operating account today to be sure we didn't overdraw. My heart is now racing 24/7 and I can't eat. I have hope that we will be okay (if we can make it to February, 2011 we will be okay), but I don't really know. I've truly never experienced fear like this before.
Hang in there YSR. No idea if you'd even want to hear anything like this, but as someone like you who's in business for themselves and rides that balance wire all the time, I find I take less and less "personal" identity or attachment to the success or failure of the businesses. If Footballguys were to go under, I'd be bummed, but I'd be the same person. I'd still have my family (I'd hope they wouldn't leave me if Footballguys died) and I'd still have pretty much everything I do now. Same with the boat company. Losing them would mean some lifestyle changes but nothing really that big in the grand scheme of things.I see people who basically become their business. They feel like they're a success because their business is prosperous. When in reality, they might be a mess. Or they feel like they're a failure because their business failed. I don't think that's true. I know it's easy for the business to "become you" as you pour so much of yourself into it. But it's not you. It's a job that hopefully you like and that you make money with. But it's not you.Good luck there.J
Thanks, JB.It's still looking bleak-ish but we have some very worst case scenario options that we can tap into (e.g. my parents) if need be. I'm trying to sell my house (which I've been renting) in SC, my partner (boyfriend) is trying to sell a couple of his rental properties in Knoxville, etc.We have an investor who wants to open a new office in Savannah for us and that's going to be gangbusters. It's just not going to happen until February, most likely.But to your point, I had to take a hard look at my particular situation the other day when I had this realization. I could get out. I would take a hit, as I've put a good deal of money into this business, but I could still get out. We are not married, the house we live in in Jacksonville is in my name and I would have every right to sell it, etc.But the thought was fleeting, as after an at-times painful journey, I'm happy in my personal life. If we wind up on the streets, we do so together.Thanks for the validation on that.