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24 hours to save my business. Possible? (alien.top)

submitted 9 months ago by happystatue@alien.top to c/entrepreneur@indiehackers.space

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Been referred to this sub by the Ask me anything community.

5 years ago I created a news streaming app containing live news events from around the world. Though I faced a lot of setbacks and challenges along the way, the app has been operational thus far.

Here comes the challenge - The operational costs have significantly overtaken the earnings generated by the app. In less than 24 hours, a bill of 7000 USD awaits. If I combine my savings + funds in my account, I have about $1400 .

Should I attempt to raise the $5600 in the few hours remaining? Or would it be wiser to bid the business goodbye?

Someone suggested I set up a fundraiser. I've got some contributions so that's a good sign!

Any other ideas will be appreciated.

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[–] beneficial_formula@alien.top 1 points 9 months ago (1 children)

Could you try bringing down those operational costs (even just temporarily)? Also, is your goal just to keep the business operational and not profitable? It sounds like you've just been trying to keep the lights on over the years...

[–] happystatue@alien.top 1 points 9 months ago

Done. Got a less expensive server last minute. Everything appears to be stable, at least for now.