Brenton
aka PEI Detail
Hello all.
It may seem that I am not around as much, but I am here every day (almost), reading, adding a thought here and there, and emailing an occasional thought.
But I first talked to y'all a couple of years ago about wanting to give up (http://www.detailcity.org/forums/general-business-management-discussion/19192-i-give-up.html).
Basically, the story is that I made a bad decision going into the detailing business.
Well, our business has doubled Year 1 to Year 2. We have a handful of staff, we do good work, created a buzz around town. Our work is low from time to time (like right now), but we are moving toward profitability not long down the road. And I like detailing.
But, I still hate it (as I did before). I spend a ten minute shower every morning just praying to get out of this somehow. When we started, we had no debt, but we have about $7000 debt now, though we have about $20,000 in tools, signage & products.
We are listing the business for sale through a real estate agent. It is selling with a franchise for $39,900, and it is a bit of a bargain, but I don't care. I want out.
So why not walk away? I have a p/t teaching gig this fall, and start full time in January. It is not about a salary.
My wife and I decided to adopt a child overseas, and we need $25,000 Canadian to do that. That plus the debt from the business and a little loss in the sale of the truck I'm driving would help us get that adoption and go to $0.
It it wasn't for another child, I would walk away. I could make $40k working the time I'm here in other ways in about 3 years. I'd just give the business to someone, but I feel stuck.
Anyway, thanks for listening. It is hard to describe my frustration. I've been paying daily for two years for a bad decision: Paying emotionally, losing time with family to keep this thing going, losing some money, and losing time developing my career. I'm a loser, in the technical sense. It is just so new to me to be in a situation I can't get out of.
It may seem that I am not around as much, but I am here every day (almost), reading, adding a thought here and there, and emailing an occasional thought.
But I first talked to y'all a couple of years ago about wanting to give up (http://www.detailcity.org/forums/general-business-management-discussion/19192-i-give-up.html).
Basically, the story is that I made a bad decision going into the detailing business.
Well, our business has doubled Year 1 to Year 2. We have a handful of staff, we do good work, created a buzz around town. Our work is low from time to time (like right now), but we are moving toward profitability not long down the road. And I like detailing.
But, I still hate it (as I did before). I spend a ten minute shower every morning just praying to get out of this somehow. When we started, we had no debt, but we have about $7000 debt now, though we have about $20,000 in tools, signage & products.
We are listing the business for sale through a real estate agent. It is selling with a franchise for $39,900, and it is a bit of a bargain, but I don't care. I want out.
So why not walk away? I have a p/t teaching gig this fall, and start full time in January. It is not about a salary.
My wife and I decided to adopt a child overseas, and we need $25,000 Canadian to do that. That plus the debt from the business and a little loss in the sale of the truck I'm driving would help us get that adoption and go to $0.
It it wasn't for another child, I would walk away. I could make $40k working the time I'm here in other ways in about 3 years. I'd just give the business to someone, but I feel stuck.
Anyway, thanks for listening. It is hard to describe my frustration. I've been paying daily for two years for a bad decision: Paying emotionally, losing time with family to keep this thing going, losing some money, and losing time developing my career. I'm a loser, in the technical sense. It is just so new to me to be in a situation I can't get out of.