I was going to go into detail about this but the long and short of it is i have 4 staff members including myself and i've got a cash flow problem and some serious debt issues with my business.
Currently i've got £55,000 worth of stock, a £50,000 overdraft which im £45,000 into and i've got a £50,000 loan which i only took out in February this year. There's a £35,000 hole.
My brother isn't my best worker, he suffers from depression and anxiety. He doesn't go out or socialise however from a business point of view it makes sense for him to go. I made this decision last night. Today of all days my Mum called me this morning to tell me that my brother wouldn't be in today as he was feeling particular anxious and that he would do his customer services work from Home.
I know what i've still got to do. It hasn't stopped me from crying my eyes out for the last hour though at the thought of telling him. He's my little brother (21). He looks up to me. And now i've got to bring this on him whilst he's got other issues.
I wish i could take a pay cut to cover his wages but I've got too many overheads to pay for and can't.
I've been in business for 16 years now and it's hard man. It keeps my knocking me down and in the past i keep getting up but lately it's getting harder. I'm beginning to lose faith in myself i really am. I know every decision i've made in those years has led me to this point and i will get through this and learn from my mistakes but today is a day in business which is absolutely shit. (sorry for language)
Currently i've got £55,000 worth of stock, a £50,000 overdraft which im £45,000 into and i've got a £50,000 loan which i only took out in February this year. There's a £35,000 hole.
My brother isn't my best worker, he suffers from depression and anxiety. He doesn't go out or socialise however from a business point of view it makes sense for him to go. I made this decision last night. Today of all days my Mum called me this morning to tell me that my brother wouldn't be in today as he was feeling particular anxious and that he would do his customer services work from Home.
I know what i've still got to do. It hasn't stopped me from crying my eyes out for the last hour though at the thought of telling him. He's my little brother (21). He looks up to me. And now i've got to bring this on him whilst he's got other issues.
I wish i could take a pay cut to cover his wages but I've got too many overheads to pay for and can't.
I've been in business for 16 years now and it's hard man. It keeps my knocking me down and in the past i keep getting up but lately it's getting harder. I'm beginning to lose faith in myself i really am. I know every decision i've made in those years has led me to this point and i will get through this and learn from my mistakes but today is a day in business which is absolutely shit. (sorry for language)
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