I’m contemplating closing down a business and suffer the loss of 200k of my currency (about usd 50k). Redditors here talk about success stories, how about losses? What’s your biggest loss?
I’m contemplating closing down a business and suffer the loss of 200k of my currency (about usd 50k). Redditors here talk about success stories, how about losses? What’s your biggest loss?
I had a customer that was doing about $1.2-$1.5m a year with and average GM% of 26% consistently for 8-10 years. The sad story of the owner gets a divorce, gets into drugs, starts partying, and starts to ignore the business and it folds. All the customers that replaced the folded business were all out of state buying in their home states. I have recovered some of the lost sales in other customers but trying to find an extra $350k in GM a year has been rough.