Sly Bald Guys Forum
Confidence and Success => Business/Work => Topic started by: GASlick on May 05, 2009, 12:45:33 PM
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As many of you know, my wife and I own a small business in our hometown of Griffin, GA.
We closed it up effective Monday. The sales just are not there to support it. We started it April 2007 and closed it May 4, 2009. Not a bad run really for two people that have never run a business before. We made some mistakes, but we did a lot of things right. Most importantly, we learned from it. (with our marriage intact - lol!)
I still have my night job and she still has her regular job so all is not lost. We have steady income for the mortgage and all that stuff; and for that we are truly thankful! It is sort of sad to see something that you put everything you have, financially and personally, into but it is also good that recognize when it is time to move on.
Financially, we are ruined. I didn't know credit scores went that low - LOL But again, we just pick up and move on. We have an appointment with a bankruptcy attorney next week to help us sort out our options. God is good and everything is in His hands. So we march forward knowing that this one time that He is carrying us instead of walking beside us. But He is always there.
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Sorry to hear that GA! Hopefully this won't deter your entrepreneurial spirit.
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Stephen-
Way to keep that chin up. Faith will take you far.
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Well done on that positive outlook. O0
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hey stephen: i'm so sorry 2 hear about that. i admire your positive outlook. take care and GOD bless U & your family. O0
WARHAWK O0
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Sorry about the circumstances....you're right though, 2+ yrs in this economy is not bad for a start up business.
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It really is a tough environment to start a business right now, and the climate in Washington these days isn't helpful either with politicians demonizing businesses that are just trying to survive. I'm glad to see you have your priorities straight and wish you the best in the future.
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Sorry to hear that GA. I know you put a lot of your heart into your business. My prayers that you come out of all of this all right.
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Good luck in all that happens; you gave it a try and will never wonder "what if I had tried ...."
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You said the most important thing..your marriage is still intact..and man if you you still have your family you still have it all. Praying everything works out for your good.
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Sorry to hear about that... Keep your chin up though! You've still got the wife and a shiney bald head!
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Oh man...so sorry bro...
Hang in there and be lucky you have the wife, job and nice lookin' bald dome! O0
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Sorry it didn't work out.
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Sorry to hear that bro! Sounds like you made the smart choice though and you do still have your family and marriage and both still have steady jobs so kudos to you for going for it and succeeding.
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Sorry about your business, but you still have your family and a great attitude to move on and keep going, and hopefully when the time is right go for it again with your new found experience. O0 O0 O0
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That's too bad, Stephen. Sounds like you've already landed on your feet and have a good, stable job in the medical field and a fantastic wife and family for support. There's a huge "trickle down" effect hitting a lot of smaller businesses. Another opportunity will surface, guaranteed. As long as you have enough to buy those Fusion blades, all is cool!
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Thanks everyone! A lot of great points were made that I had not thought of. Starting a business in this financial climate and having it survive for 2 years isn't bad!
Secondly, if we never tried we never would have known. Life is good. I must admit my wife and I are relieved that everything is over. We have worked ourselves to the point of exhaustion for two years now. We are going to stop, take a break and catch our breath for a while.
Thirdly, I am still SLY and married. I have a friend who lost his marriage along with his business.
Thanks again for all the words of support! You guys are the greatest.
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Sorry to hear about that man. Way to keep your chin up. O0
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Really sorry your good work didn't result in the results you deserve. One brief point, my father opened his business the day the market busted in 1929, starting the Great Depression. That effort too resulted in a bankruptcy, but he didn't let it stop him, he got back up, did it again with what he'd learned and was ultimately tremendously successful. It's not the getting knocked down part that's important, it's how you get up.
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Stephen,
Hang in there, buddy. As the guys have said, you were going against a tremendous economic downturn. Consider all that you learned about starting up a business....that experience will serve you well in the years ahead.
You're a young guy with a bright future.
You are so right: take some time to recoup.
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We started our camera lens rental business a year ago. In fact, we started June 5th. Our first order was June 11th.
I tried to project how successful it would be, but it was very difficult. You just can't ever tell.
Luckily, we are still going. The business is supporting itself, but we aren't making much of any profit. I've thought about shutting it down or selling it. But for now, we are keeping it going. It doesn't take too much time out of our lives.
Even though it isn't making a profit, I would still do it again. I've learned a lot. I've enjoyed the experience it's given us. In the end, we may end up losing money. But just remember, you made the best decisions you could have at every point in time. Don't look back with regrets.
With all you've learned, you can apply those things to future endevors. Even if you never own a business again, that knowledge will help you.
Keep you sly head held high!
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I would still do it again. I've learned a lot. I've enjoyed the experience it's given us. In the end, we may end up losing money. But just remember, you made the best decisions you could have at every point in time. Don't look back with regrets.
With all you've learned, you can apply those things to future endevors.
Now that is some good advice!
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We started our camera lens rental business a year ago. In fact, we started June 5th. Our first order was June 11th.
I tried to project how successful it would be, but it was very difficult. You just can't ever tell.
Luckily, we are still going. The business is supporting itself, but we aren't making much of any profit. I've thought about shutting it down or selling it. But for now, we are keeping it going. It doesn't take too much time out of our lives.
Do you guys rent to local folks or anywhere?
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We started our camera lens rental business a year ago. In fact, we started June 5th. Our first order was June 11th.
I tried to project how successful it would be, but it was very difficult. You just can't ever tell.
Luckily, we are still going. The business is supporting itself, but we aren't making much of any profit. I've thought about shutting it down or selling it. But for now, we are keeping it going. It doesn't take too much time out of our lives.
Do you guys rent to local folks or anywhere?
We live in a rural area, and we haven't rented to anyone local yet. We have several customers in Arkansas (the main camera store in AR sends rental customers to us). We rent to anyone in the US. We are strictly an internet business (we run it out of our house, so there is no retail store). Our web site is www.rentmylenses.com
The dynamics of an internet business are interesting. We get a lot of phone calls from customers, but we often aren't home to answer. I have our phone set up to text and email me when we get a voice mail. With having an internet business, you are always tied to it, no matter where you go. We can't go on an extended vacation, because orders can come in that may need to be shipped out. But we don't really feel tied down to the business.
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GAslick, I am really sorry to hear about the business!! But I am really envious of your amazing positive outlook!!
Keep it up dude!!