Thursday, February 23, 2012

This Economy is Such a Joy

Had to let go of another employee, lowering our headcount to 4.  It continues to be a situation where no matter how much I slash, I'm always behind.  We continue to lose volume.  On the bright side, I've slashed costs.  Our nut is pretty small right now.  We should be profitable at any volume over $300,000 or so. 

I find myself drifting in time to when I start paying off the notes.  That's too far off, and I'm afraid I'm going to wear myself out on that, but in a little more than a year, it starts.  The idea that this will free up over $40,000 a year in cash flow is pretty much what I have to look forward to in this business.

The other way to attack this is through sales.  We absolutely must increase sales if this business is going to be worthwhile at all.  One thing is for sure.  We haven't had good sales since mid-2009.  This will be three straight bad years.  Hard to believe I'm still standing after all this.

I need to just get the debt paid off, finish law school, and sell the business and move on.  This is not how I want to spend the rest of my life.

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