As some of you know i started a small business in 2000. We were in a situation with my husbands health and newly born sons health, it was a struggle to go to work and stay awake. With all the health issues we decided before i get fired from my job, may be we could start a business and survive on our 401k and savings. Needless to say our business took off grew way to fast at first. I took business classes to help with understanding the money issues. I can honestly tell you ha! it didnt help.
We stayed at one location for 3 years and then move to a larger location. The 2nd location was large to hold classes but location ended up not being great at night. We then moved to another location much better but small.
Under all this between medical bills, and living expenses growing as well as business we took a major hit, ups and downs from 9/11 survival, moves and the regular competition. Not to mention a major tax error from our CPA that really just did me in. She has passed and i was stuck with finding a new one and trying to start all over in trying to see the light.
As much as i loved my clients, classes and location, i found the year i finally decided to just give up and call it good., 4 other close business friends went out of business too with similar struggles.
A small business that is not a necessity has to have another way to survive.
I see these food trucks and realize the overhead on other businesses have the right idea. Unfortunately you really need to think it over and have major capital.
A customer has no real idea what goes on and the struggles some may go through.
I have since tried in home classes, selling ebay, website, etsy and consignment store.
Donated a lot of product i know i cant sell without explaining how to use or magazines and such to the art world.
I will all best of luck on their ventures, reasons why you might open a business, capital , help and product.
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