It could be so much worse.
I just closed my business of 11 years.
Upscale casual restaurant.
Worked damn near 7 days a week the whole time.
Prior to COVID we were gods. Really making good money. 40 employees.
COVID shows up and really throws us. We navigate thru with some available money from the government. We recovered and got back on track. Then in the late spring of '21 the economy started to crumble.
Interest rates, gas prices, cost of goods, supply chain and a bevy of other things… The public gets scared and traffic thru the door falls 60%. We can’t stop the bleeding.
So here I am… We shut the doors Nov 5th.
65 years old. Getting ready to file bankruptcy.
I pledged my House. The bank is going to take it, what money I have left, my truck and my Harley…
It could be so much worse. I just closed my business of 11 years. Upscale casual restaurant. Worked damn near 7 days a week the whole time. Prior to COVID we were gods. Really making good money. 40 employees. COVID shows up and really throws us. We navigate thru with some available money from the government. We recovered and got back on track. Then in the late spring of '21 the economy started to crumble. Interest rates, gas prices, cost of goods, supply chain and a bevy of other things… The public gets scared and traffic thru the door falls 60%. We can’t stop the bleeding. So here I am… We shut the doors Nov 5th. 65 years old. Getting ready to file bankruptcy. I pledged my House. The bank is going to take it, what money I have left, my truck and my Harley…
So count your blessings…