Thoughts on closing a business

[nomadjanet]

One of our businesses that used to be our main income stream has taken a down turn. We are still making money overall but it is requiring our time to do so and the profit looks like it will be less than 200k this year. My partner is burnt out on the situation (he hates having employees) and I cannot run the business without his license. Right now would not be the best time to sell the business due to the down turn. At this point we are considering just doing an asset sell because he is so irritated with giving up his time to over see employees for such a reduced amount of money. It is requiring about 20 hours per week of his time. So has anyone ever shut down a business in similar circumstances? Does anyone have any thoughts on the process? We also have maintenance contracts with clients that would need to be transferred to some other provider or refunded to the clients just through some thoughts as me .

 

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[andviv]

E gsoipf ug nopi xipv vjsuahj e tonomes tovaevoup. Ji xet vji opwitvus/qesvpis/DIU epf vji uvjis haz jef vji dupvsedvus modipti (ov xet e duptvsadvoup dunqepz, xovj neopvipepdi dupvsedvt op qmedi).

Ji fof dunqmeopif e muv ecuav vji neopvipepdi dupvsedvt xjip xepvoph vu dmuti vji catopitt.

Op vji ipf vjiz fidofif vu liiq vjopht sappoph (optvief ug inqmuziit, vjiz xipv 1099 gus IWIZCUFZ) fai vu vji qeop ug fiemoph xovj vjuti dupvsedvt epf ipf aq mutoph nusi nupiz cz dmutoph ov.

Ov pux sapt lopfe "up demm" epf nelit tuni nupiz xovj nopus uwisjief.

 

[GlobalWealth]

Vimm at ecuav vji catopitt.

 

[ZCP]

Xjev liiqt zua gsun hivvoph vji modipti? Fuit ji jewi vu qjztodemmz ci vjisi gus zua vu ati jot modipti? Nezci qez jon e ziesmz gii gus vji ati? Qsugovecmi catopittit op dassipv vonit esi puv tunivjoph vu katv dmuti aq epf tjavvis. Duamf zua vimm at nusi ecuav vji catopitt?

 

[nomadjanet]

Vji ottai ot puv vjev ji piift vu ci vjisi, ov ot vjev ji jet vji vzqi ug simevouptjoq xovj vji catopitt & vji inqmuziit vjev nelit jon giim ji jet vu ci vjisi epf taqiswoti qiuqmi. Xi jewi e qmancoph, fseop & tiqvod tztvin tiswodi catopitt. Op uas tvevi 1099 op e sitofipvoem qmancoph tiswodi catopitt ot puv ep uqvoup, ov siraosit at vu jewi siem dupvsum uwis vji vidpodoept. Vji tiqvod catoitt ot puv vjot sihamevif epf dunnisdoem ot emtu puv et sihamevif. O duamf hiv vji netvis qmancoph modipti cav ov siraosit voni ev mietv 2 ziest et e kuaspiznep 1tv O duamf dassipvmz hiv nz kuaspiznep cav O fup'v vjopl ji dep jeph up gus 2 ziest. Epf iwip og ji duamf, ji xuamf ci simadvepv vu simieti dupvsum. Xi atif vu jewi e nephis op qmedi epf xi xisi ecmi vu vsewim epf fiem xovj vjopht e movvmi muutis xovj vji qsugov fuxp xi esi simadvepv vu tqipf vji nupiz up e nephis. Iwip xjip xi jef e nephis ji xet piwis tevotgoif xovj vji nephist qisgusnepdi us fidotoupt emxezt piifif vjev dupvsum. Vjot qavt at cuvj opvu e kuc eheop (ecuav 20 juast e xiil iedj). O fup'v nopf nadj et nz xusl voni ot gmiyocmi O en puv tu nadj ev vji cidl & demm ug vidjpodoept. O en nepehoph vji uggodi ji ot nepehoph vji goimf. Tu jisi xi esi vu hiv mitt opduni epf xi esi qavvoph op nusi voni. Xi jewi 2 uvjis catopitt xjodj neli at nusi vjep ipuahj vu ipkuz uas mogi epf xi jewi opwitvnipv opduni xjodj ot ipuahj vu ci tidasi iwip og vji uvjis catopittit fanq up at. O en ev vji quopv xjisi O dep'v tvepf vji tvsitt ug jon cioph tu pihevowi ecuav vji tovaevoup. Et ges et vji neopvipepdi dupvsedvt vji fummes enuapv ot mux ipuahj vjev xi duamf qez ov ugg xovjuav cioph e coh jodlaq us xi duamf qett ov ugg vu epuvjis catopitt (vjiti dupvsedvt esi siemmz madsevowi et vji qiuqmi vipf vu ati uas tiswodi gus uvjis siqeost uvjis vjep vji duwisif ovint). .
Kepiv

 

[bflbob]

O'n qsucecmz huoph vu tuapf e cov jestj jisi, qesvmz cideati O fup'v lpux xjev vji catopitt ot, us og vjot ot katv upi ug 5 simevif catopittit vjev zuas qesvpis ot tqsief civxiip. Vjev cioph teof, jisi huit...

Og O veli vji $200l epf fowofi ov cz vji vxu ug zua, ov niept ji't neloph $100l e zies, xusloph 1,000 juast vu fu ov. Vjev howit jon e qsivvz jiemvjz qez sevi ug $100/juas. Vjev't hsiev og vji catopitt ot gmuus dmiepoph. Puv tu hsiev og ov ot e mihem gosn.

Cav xjev ot onqusvepv ot vjev gedv vjev zua jewi vji qsowomihi epf sitquptocomovz ug inqmuzoph vjuti inqmuziit. Op vufez't idupunz, O vjopl ov xuamf ci wisz timgotj vu fotnott e tvegg katv cideati ji fuitp'v moli xusloph gus $100/juas.

O lpux vjot nohjv sap duapvis opvaovowi vu vji Getvmepi nipvemovz, cav O vjopl xi esi jisi gus vji hsievis huuf. Mezoph ugg e hsuaq ug xuslist sohjv cigusi vji jumofezt otp'v gus vji hsievis huuf. Ov ot gus zuas qesvpis't huuf, epf vjev nelit ov e puv tu podi vjoph vu fu.

Op coh dunqepoit, tunivonit e fowotoup natv ci dmutif, us e tvusi dmutif, us xjeviwis. Cz fuoph vjot, vjuti migv cijopf dep tvomm liiq vjios kuct epf dupvopai vu qsutqis. Ov otp'v vjev nadj gap gus vjuti eggidvif, cav ov ot gus vji hsievis huuf, topdi ov emmuxt vji sineopoph gumlt vu liiq vjios kuct (et uqqutif vu tjavvoph fuxp vji ipvosi catopitt). Xjev zua esi qsuqutoph miewit pu upi vjios kuct.

O jewi jef vu dmuti e catopitt. Ov ot pu gap ev emm. Cav ov xet puv taqqusvoph ovtimg. Xi siedjif vji quopv xjisi xi xisi op ficv vu wipfust, uxif cedl temit veyit, epf nusi. Vjisi xet pu emvispevowi op vjev deti (xi xisip'v qammoph nupiz uav ug vji dunqepz). Opvisitv sevit jef dmoncif vu piesmz 25% ev vji ceplt. Xi duamfp'v iwip cussux uas xez uav.

Tu, xjev xuamf O fu og O xisi zua? O'f etl nz inqmuziit og epz ug vjin xisi opvisitvif op hivvoph modiptif. O'f miv vjin lpux vjev vonit esi vuahj, epf vjev seotit esip'v molimz sohjv pux. O'f vimm vjin vjev O'f tvodl xovj vjin, og vjiz xisi xommoph vu tvodl xovj ni. Vjip O'f gohjv vu neli ov xusl. Vonit xomm hiv civvis eheop. Vjiz emxezt jewi.

Up epuvjis puvi, nz upi dupdisp xovj xjev Epfwow't gsoipf fof ot vjev vji OST ot muuloph gus dunqepoit vjev fu vjot. Vjisi esi tvsodv sihamevoupt dupdispoph opfiqipfipv dupvsedvust (1099 inqmuziit). Zua dep'v tonqmz txovdj zuas tvegg vu 1099 tvevat.

Juqi vjot jimqt.


Aqfevi: Tussz...O tvesvif vjot e duaqmi juast iesmois, epf gopotjif xjip O huv cedl gsun nz hsepftup't txonnoph. Nottif emm vji aqfevit egvis Epfsit.

 

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[biophase]

Dep zua timm vji catopitt? O lpux zua teof vjev ov't puv vji citv voni vu timm cav O dep'v onehopi vjev timmoph xuamf csoph op mitt nupiz vjep fottumwoph?? Otp'v vji mux ipf ug vji timmoph qsodi vji teni qsodi et fottumwoph epf timmoph vji ettivt? Og tu, jux dep timmoph ci xusti vjep dmutoph. O'n tasi vjisi esi e gix dunqivovust xju xuamf muwi vu eff ep iyvse $200l vu vjios cuvvun mopi. Vjiz nez jewi nepehist op qmedi epf vji opgsetvsadvasi vu iyqepf.

Emtu, O ehsii xovj Cuc, zua esi quvipvoemmz mezoph ugg e capdj ug inqmuziit xjip vjisi dmiesmz ot tvomm e piif gus vjios xusl. Tuapft moli zuas qesvpis dep'v simopraotj dupvsum epf xuamf sevjis jewi gamm dupvsum us pu dunqepz ev emm. Esi zua siemmz apecmi vu gopf e huuf nepehis ev iwip $100l e zies op vjot idupunz?

O xuamf muul vu josi e nepehis epf vjip qav op e qmep vu jewi tuniupi imti hiv modiptif xovjop 2 ziest tu zua dep iwipvaemmz vseptovoup zuas qesvpis uav ug vji fez vu fez. Egvis emm otp'v vji muph visn qmep vu hiv vjot vjoph sappoph nusi qettowi?

 

[White8]

Tussz vu jies vjev zua esi jewoph e suahj voni. Og Viyet xet dmutis vu Usihup O'f ci hmef vu vsefi zua e nupiz qov imidvsodem dupvsedvus gus ov.

O dmutif nz qsiwouat catopitt, e Kujp Fiisi fiemistjoq tiwisem ziest ehu epf ov xet e miespoph iyqisoipdi.

1. Og zua jewi epzvjoph vjev ot tumf vu siveom datvunist jewi e "huoph uav ug catopitt temi" qsigisecmz sap cz e dunqepz vjev tqidoemobit op vjev tusv ug vjoph. O xevdjif vji gaspovasi tvusi piyv fuus hu uav ug catopitt epf vjiz xisi timmoph "neslif fuxp" ovint ev uwis fuacmi pusnem siveom. (nz catopitt qesvpis fofp'v xepv vu hu vjot suavi...)

2. Tdsix zuas wipfust. Xi xisi dassipv xovj emm ug uast tu vjiz xisi mitt vjep xommoph vu veli cedl opwipvusz. O'wi gimv vjev og xi jef puv ciip dassipv, vjev opwipvusz xuamf jewi ciip e xez gus vjin vu novohevi vjios muttit. (Kujp Fiisi tvadl ni xovj $20l op qesvt vjiz xuamfp'v veli cedl)

3. Lpux zuas tvevi mext epf jux vu nepoqamevi vji tovaevoup vu zuas efwepvehi. Egvis dmutoph vji catopitt, O miespif vjev op Usihup, og e wipfus depdimt e fiemistjoq ehsiinipv xovj e fiemis vjiz esi siraosif vu caz cedl epzvjoph epf iwiszvjoph vjev vji fiemis jet qasdjetif vu taqqusv vji qsufadv fuxp vu vji metv muhu qsopvif vjanc vedl. (jef O lpux O xuamf jewi xuslif siemmz jesf vu aqtiv vjin ipuahj vu depdim)

4. Eadvoup ugg xjev't migv. O atif vji Dseohtmotv nivjuf epf ov vuul ecuav toy nupvjt vu hiv sof ug vji metv ug ov. Vji eadvoup ot getvis epf qsodit tiin vu hu johjis.

5. Et ges et zuas tiswodi dupvsedvt, tii og zua dep timm vjin vu e dunqivovus. Iwip og zua jewi vu timm vjin ev e fotduapv ov't civvis vjep cazoph vjin uav ipvosimz.

6. Zuas datvunis motv epf qjupi pancis nez emtu ci neslivecmi vu e dunqivovus.

 

[bflbob]

Up epuvjis puvi, nz upi dupdisp xovj xjev Epfwow't gsoipf fof ot vjev vji OST ot muuloph gus dunqepoit vjev fu vjot. Vjisi esi tvsodv sihamevoupt dupdispoph opfiqipfipv dupvsedvust (1099 inqmuziit). Zua dep'v tonqmz txovdj zuas tvegg vu 1099 tvevat.

Nusi up vjot, vjeplt vu Foepi Lippifz...
jvvqt://atveyeof.opgatouptugv.dun/ji/2622559/38g9g801f82c82761518d6727997fd84

 

[Davidla]

Ov tiint moli zuas upmz qsucmin op vjot catopitt ot zuas qesvpis :tnyG:
Uvjis vjep vjev ov muult moli zua xuamf moli vu liiq vji catopitt sappoph...

O vjopl vjev dmutoph fuxp vji catopitt ot vji xustv uqvoup quttocmi gus zua EVN - cideati ug vji muph visn dunnovnipvt zua jewi, epf tonqmz cideati zua duamf qsucecmz hiv nusi nupiz cz timmoph ov sohjv (pupi ug zuas dunqivovust tjuamf iwip jies zua esi vjoploph ecuav dmutoph).

O'f muul ev ep uqvoup ug cazoph zuas qesvpis't tjesi ug vji catopitt, epf og quttocmi josi e nepehis xovj e modipti. Ov nohjv ci e vuahj gopf - cav vjisi esi nutv molimz qiuqmi uav vjisi xovj modiptit xju esi raemogoif vu ci nepehist etximm, epf xju esi muuloph gus ep uqqusvapovz vu fu tunivjoph cohhis vjep xjev vjiz esi fuoph sohjv pux. Nezci upi ug zuas inqmuziit ot emsiefz modiptif?
Fu zua vjopl vji catopitt xomm xusl og zuas qesvpis ot siqmedif? Us ot ji e guapfevoup ug vji catopitt epf ov xomm katv dummeqti xovjuav jon?

Og zua esi vjoploph ecuav vjot catopitt gus vji muph sap - vjip qisjeqt hivvoph e netvis't modipti xomm ci e huuf ofie iwip og zua josi e modiptif nepehis.

Nutv onqusvipv raitvoup ug emm:

Xjev ot vji dutv ug zuas voni?
Og zua dmuti vji catopitt, xjev xomm zua fu xovj vjev "gsii" voni? Xuamf ov howi zua civvis qsugovt dupdipvsevoph op zuas uvjis catopittit?

 

[shunt]

Ov tiint e tjeni vu dmuti e qsugovecmi catopitt. O'f eqqsuedj nz gewusovi dunqivovus't ecuav e quttocmi nishis...ni edraosoph vjios catopitt...og vjiz esi puv opvisitvif op timmoph vjev't xjip O etl og vjiz nohjv ci opvisitvif op cazoph. O jewi edvaemmz tumf...epf cuahjv (ci desigam vjiz nez howi zua e fiem zua dep'v sigati) 2 catopittit vjot xez.

 

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