I Invested £50k in a Business but It's LOSING Money. Should I Quit?
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- Опубліковано 19 чер 2024
- Mark invested £50k in a Business but It's LOSING Money. Should he Quit? Welcome to The Humble Penny Show. Want to phone in? Call us on (+44) 07362590242 (Mondays ONLY from 1pm to 2pm BST). We don't offer Financial Advice!!! One Call Per Person ONLY. For in-depth coaching with us, join Financial Joy Academy financialjoyacademy.com 😀
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I Invested £50k in a Business but It's LOSING Money. Should I Quit? - Навчання та стиль
What would you guys do in his shoes? comment below
It’s better to fail fast and move on
The vegan business model is very niche, unfortunately, in a village location there simply may not be the customer base to sustain the business.
Most ppl eat meat. The vegan thing is too niche. Especially in the uk. Where meat is a staple part of the dish.
Sell the business, take it as a lost, go back to your job.
Thanks for sharing. Let's see what others think :)
I won't sell just yet. I would expand to other non vegan options, research the market, and see where the opportunities lie. Register with Uber Eat and others, and look at expanding the geographical reach of the biz. I believe you can make a success out of that biz bro. You can do it!
Good suggestion. However, he's super pro vegan living.
*"Your problem isn't the problem. Your reaction is the problem."* _
What I definitely would not do is take any more money out of my investments and savings. Cut your losses and try and get some training in how to get a small business off the ground. Maybe find someone who can mentor you one day a week for free? 🤷🏽♀️
Tough one. 😢
Good suggestion. Or get a paid business coach of you want them to commit real time to you and your business.
Veganism is a niche market… add some meat to your menu!