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Should I Quit My Business? (alien.top)

submitted 2 years ago by Vast-Park-4101@alien.top to c/entrepreneur@indiehackers.space

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I’m a 29M. 2.5 years ago I quit my job to go full time in my online coaching business. I’ve had some ups and downs, but this entire year has been down.

The most I’ve ever made in a month was just over 6k

But lately it’s been hard for me to get over 2k per month

I barely have enough money to do the basic things and would like to hire some help but literally can’t afford it right now

Should I close the business down? Or get a job and do the business on the side?

Haven’t had a “job” in 2.5 years so I don’t imagine it will be easy to get, but I’m broke and open to anything

Any ideas?

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[–] micromediadm@alien.top 1 points 2 years ago

I have to agree with man-o-light. I've been an entrepreneur for 27 years and have had B2B and B2C businesses. I am thinking of getting into business coaching because of this economy. Between people losing their jobs due to AI and businesses just doing badly, I feel that the only option for people is to start their own business. Plus, the primary reason for all of my businesses is to help people. So, business coaching is the right thing for me to do.

I'm not sure what type of coaching you're doing, but that really isn't the important thing. The main thing you need to think about is your mindset. I've been in your shoes a hundred times and felt like throwing the towel in many, many times, but I kept going. I don't envy the position you're in. It creates nothing but an extremely overwhelming feeling along with extreme anxiety.

Anything you choose to do is going to be a difficult task, and you're getting a lot of different answers on what you should do. Either save your business or get a job or both. You need to look into yourself and decide what it is that YOU want out of life. You're not going to find a straight answer on reddit. What's important to you? And why? You're a very young business, 2.5 years in business is nothing. You haven't even passed the threshold of business securment yet, and I'm not saying that negatively. I'm saying that a business will evolve with its owners' emotions. And sometimes its easy to entangle what your customers really want versus what you think they want. Your customers might seem happy with your services, but are they truly fulfilled? You have to put yourself in their shoes. I can go on writing pages about this because there is so much to cover. This is only the tippy top of the iceberg. I am willing to help you, at no charge, if you want it. If not, that's OK too. Either way, I wish you the very best with your endeavor.