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Trials & Tribulations - The drama of running a business and of life. It's not as easy as it looks. Running a business is full of drama. Customers, employees, money, family, time. You name it, it's a problem. Share with us your drama and how you handled it.

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Trials & Tribulations - The drama of running a business and of life.

It's not as easy as it looks. Running a business is full of drama. Customers, employees, money, family, time. You name it, it's a problem. Share with us your drama and how you handled it.
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  #11  
Old 06-18-2008, 09:05 PM
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Hi,

I am glad to see you are back, sharing with us, your insights.

What would you do differently next attempt?

One of our newer forum members shared with us that he quit his job in the police department and ultimately started up a lawn care business and he is very happy now because of his decision. Let me see if I can get him on here.
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  #12  
Old 06-18-2008, 09:16 PM
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We are struggling financially right now we have two mortgages one in Florida and one here in Maryland where we live. The bottom line is we have really crappy credit, cant get far enough ahead of the ball game to save extra money to purchase equipment and we need good help that we can pay minimum wage. My husband has 4 more years before he can retire and really put the energy and time into that is needed.

In your opinion what could we do different?
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Old 06-18-2008, 09:22 PM
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Last season we made and extra $10,000.00 but we were not able to save that as we had to keep other things current. We did have a partner that purchased brand new equipment but that partnership did not work out so of course there went the equipment. I have in the past invested in real estate and did pretty well. I am now trying to find a couple of deals that are good enough to flip in order to get some cash quickly. I inherited the house in Florida with a mortgage. The neighborhood is terrible and can't get a buyer. Had a renter had to put her out not paying rent. Just giving you a snap shot of how things happened.
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Old 06-18-2008, 09:51 PM
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That is all very very insightful.

I am sure having two houses must be a huge drain right now on you. In an ideal world, I would say have one house. Get rid of the other one. But I can understand if it is tough to sell it now because of the market.

I think a lot of this comes down to time.

If you can afford to keep the two houses being paid for now and you can't sell the other without taking on more of a loss than you are willing to take, then just keep plugging along with the fulltime job until your husband retires. The market should improve by then and you should be able to sell it.

If however you are absolutely at your wits end, you can't stand working the fulltime job anymore and you want out and out right now, then I would do what ever it takes to dump the second house and just move on with life.

This is such a very good question because I think the answer really lies in what do you want? Where do you want to be now. Where do you want to be in a few years. What are your dreams.

It's got to be next to impossible to quit a fulltime corrections job because of the steady pay and all of the benefits. However on the flip side, I have friends who are correction officers and I have seen them over time, deteriorate. Their minds and their bodies. I know I am not telling you anything new when I say it is a rough rough job.

I have a friend who quit his job in corrections and went on to a lot more business failures and is still looking for his path. I asked him last time I talked to him if he would take the job back and he said he liked the benefits but he hated the job so he would never go back.

I think such jobs can grind you down to the point where the shorten your life. Me personally, I don't think it's worth it. I want to be around for as long as I can and living an enjoyable life is more important than anything.

So when you sit and take a moment to reflect, what is it you want?
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