I started a service-based business three years ago, and we just hit six figures in revenue (only about 10-20% is profit). I know exactly what I need to do to expand the business and grow in profitability; however, I hate this industry.
I struggle to find qualified candidates to offer the service. The clients are extremely demanding and high-maintenance. I hate offering the service myself due to the clients.
Has anyone else started a business they hate? I don’t want to just “give up” when the company could be successful, but I can’t stand this industry…
I started a restaurant business back in 2008 and built it into a multi-million dollar business. I was in it for the wrong reasons and as many folx know, running a food business is not for the faint of heart. Because my husband was my business partner and food was his passion I hung in there until I had enough. When I decided to leave my husband followed. We did not sell, we just shut down with barely a 30 day notice. That was over 7 years ago and I have no regrets.
If you have the runway to do so, let it go. If you can’t sell it see if you can license the process to some of those demanding moms so they can start their own business. They can pay you to train them and then send you monthly royalties.