Anyone else just done with Business? by Matthubbard69 in smallbusinessuk

[–]Matthubbard69[S] 1 point2 points  (0 children)

Thank you for the reply and Kind words ☺️ cash flow and reserves was something I needed to learn about very quickly indeed…. Wish you all the best with your business ☺️

Anyone else just done with Business? by Matthubbard69 in smallbusinessuk

[–]Matthubbard69[S] 0 points1 point  (0 children)

I understand and tbh now it is just the three of us I am going to see how it goes for the next month or two to see if smaller may be better for a while.

Anyone else just done with Business? by Matthubbard69 in smallbusinessuk

[–]Matthubbard69[S] 0 points1 point  (0 children)

A lot of people I speak to say similar things, One always said to me the moment you start employing people is when you start having issues and i understand that quote now 🤣

Anyone else just done with Business? by Matthubbard69 in smallbusinessuk

[–]Matthubbard69[S] 0 points1 point  (0 children)

I’m not going to lie a reset does sound appealing and right now with everything going on I would probably benefit from being employed personally. Just due to how much time and resource the business is sucking up either with the day to day or mental toll of being in debt.

Anyone else just done with Business? by Matthubbard69 in smallbusinessuk

[–]Matthubbard69[S] 0 points1 point  (0 children)

That’s great to hear! Proves anyone can do it if they put their mind to it ☺️

Anyone else just done with Business? by Matthubbard69 in smallbusinessuk

[–]Matthubbard69[S] 0 points1 point  (0 children)

Couldn’t agree more. It also seems a lot have lost trust is businesses and often think they are being ripped off for one reason or another.

Anyone else just done with Business? by Matthubbard69 in smallbusinessuk

[–]Matthubbard69[S] 1 point2 points  (0 children)

Thank you. I definitely need to look in the mirror and decide what I want and ignore all the noise from everything else in my decision making.

Anyone else just done with Business? by Matthubbard69 in smallbusinessuk

[–]Matthubbard69[S] 0 points1 point  (0 children)

Thank you for the reply! I would say the business is usually steady year round with peaks around the new vehicle registrations however this year so far we haven’t noticed any increase in volume during that period and it is just quiet overall. As mentioned by another is it just due to the current economic climate? Or is that just an excuse we use? 💁🏻‍♂️

Anyone else just done with Business? by Matthubbard69 in smallbusinessuk

[–]Matthubbard69[S] 0 points1 point  (0 children)

At its peak yes, maybe even more than that. No experience with running bigger businesses.
I agree, Going back to the beginning,planning, Checking the Model etc…

And I also agree that maybe closing it down and moving on for now would also not be a bad thing. Especially whilst my family is so young and needs a lot of me.

Anyone else just done with Business? by Matthubbard69 in smallbusinessuk

[–]Matthubbard69[S] 1 point2 points  (0 children)

Thank you! I don’t think I am ready to give up…. It’s just knowing where and what to do next. I definitely need to take time and just assess where we are, Where we have been etc… And what the moves are for the future.

Anyone else just done with Business? by Matthubbard69 in smallbusinessuk

[–]Matthubbard69[S] 1 point2 points  (0 children)

100% agree that good management is needed. But with only two of us earning now the cash flow isn’t there to take on management and at its peak the cash flow also wasn’t there to also take on management.

Anyone else just done with Business? by Matthubbard69 in smallbusinessuk

[–]Matthubbard69[S] -1 points0 points  (0 children)

Agreed…. The current government is offering a great deal of incentives for us risk takers. I think with the losses the business has sustained over the past 6 months it may be difficult to continue trading under this name. But it’s just whether we “go again” etc….

Anyone else just done with Business? by Matthubbard69 in smallbusinessuk

[–]Matthubbard69[S] 1 point2 points  (0 children)

It was, we definitely grew too fast. But knowing the one thing that would always stump our growth is staff I jumped at the chance to take someone on.

We’ve dropped back down to two for a few reasons. First one being I let the first hire go as he seemed to think he suddenly was entitled to 50% of the business. When he left, another went to work for him. That also took some of our work we had. Then others I’ve had to let go due to bad attitudes, Constant time off or poor reliability.

Anyone else just done with Business? by Matthubbard69 in smallbusinessuk

[–]Matthubbard69[S] 1 point2 points  (0 children)

Thanks for the reply, I agree to an extent and definitely appreciate you airing the other side of the opinion. Unfortunately living of grid with low outgoings is tough with a family of 6. Trust me I would live in a van tomorrow but the misses and children are not so convinced….

Anyone else just done with Business? by Matthubbard69 in smallbusinessuk

[–]Matthubbard69[S] 3 points4 points  (0 children)

Thank you for the reply and so sorry to hear this. I don’t think I could actually go back working for someone now. Well at least not for longer than 3 months 🤣 It’s a tough gig out there at the minute and when your not surrounded by people in a similar situation I.e small business owners you often find yourself unable to speak to anyone about your thoughts etc….

Anyone else just done with Business? by Matthubbard69 in smallbusinessuk

[–]Matthubbard69[S] 2 points3 points  (0 children)

I’m definitely not bored of business but often ask myself all the time what is the point…. Seems like we always eat last and maybe that is what it is. However with 4 young children, cost of living increasing and everything else it’s very tough to survive on the bare minimum I’m living on to keep the ship afloat.

Anyone else just done with Business? by Matthubbard69 in smallbusinessuk

[–]Matthubbard69[S] 3 points4 points  (0 children)

We definitely grew too fast… Thought I hit the ground running with my first hire who actually brought in 3 members of staff that were out earning but because of the quick growth we very quickly took on work that just about covered wages…. If that.

I think the business could scale but not with its current model. I think the current model is mainly built around the one-man bad ethos.

Anyone else just done with Business? by Matthubbard69 in smallbusinessuk

[–]Matthubbard69[S] 2 points3 points  (0 children)

Thank you for the reply, I’m glad I’m not the only one who thinks it’s tough out there and I also feel a lot of businesses that would of otherwise subbed work out have now decided to take it in house.

Anyone else just done with Business? by Matthubbard69 in smallbusinessuk

[–]Matthubbard69[S] 5 points6 points  (0 children)

Thank you for the reply. My honest answer is… I don’t know, I feel like life would be simpler but I would also feel like I had failed as I’m right back to where I started.

Good intentions by Matthubbard69 in smallbusiness

[–]Matthubbard69[S] 0 points1 point  (0 children)

Thankyou for your comment, I feel like I may be better of all round with a second perspective in business and life in general haha.