I have reached my six-figure hard stop point with the business that I have been involved in building over the last two years. Meaning I have now reached the point where they owe me six figures and I am now following through with my commitment to leave and not follow good money after bad.
Not long after I joined them the founder died and it took an interminable time to move his affairs through probate .. I mean a REALLY long time.
During that time we had no access to cash and I was tasked with bootstrapping the business to bring it back into the modern era and relaunch it globally.
I did .. FOUR TIMES!
……and four times just as we were about to light the blue touch-paper my knees were swept from under me and I was set back to square one. FOUR TIMES!
Well – this girl does not need a bigger hint from the universe that this is not the right business fit for me!
The last seven days have seen me reflect very closely on what I could have done differently, how I could have handled the situation in a way that could have created a different outcome.
But the reality is despite the protestations that I was “A cornerstone to the business” and all the pretty words that kept me hanging on longer than I should I have been treated rather shabbily.
Oh – and as for being “irreplaceable” .. it took mere hours for new people to be appointed as “they could not afford to slow the progress of the business down” .. did you miss the part where I bootstrapped the business FOUR TIMES in two years ready to launch only to have each relaunch torpedoed by the same men now placed in charge? Mmmmm?
But no more of being treated like the glorified “Admin Girl” .. I am back out on my own and ready to rebuild not only my work reputation but supercharge the process to rebuild the six-figure hole in my finances of money that I am owed by this business that I will probably never see.
It is not “real debt” per se … its money that I should have had in my coffers to move towards retirement that I don’t have.
So back to basics my friends.
Here starts Day 93 of my 100 Day countdown to rebuilding my personal and professional life after being hammered into the ground yet again by circumstances.
But here is what I do know!
- I have a unique set of skills that I can leverage
- I have access to technology
- I have creativity in abundance.
- I have ideas for delivering content that are modern and exciting.
- I have a massively compelling reason to get busy and hit my target
I am done with working with people for a “higher legacy” when they have proven themselves not to be such great leaders in business (you can only push a boulder up a hill so many times before you are DONE!)
So I am down – but I am by no means out!
By No Means!
Sure I am sitting here at 7 am at my desk – the kids are still asleep and apart from me and the cat there is no-one around .. well except you X
But it starts from here .. its starts by figuring out just how deep this hole is and how to claw my way back out as quickly as possible.
Then its all going to be about massive, massive MASSIVE action! I don’t know any way that a Mum with a couple of kids can make that sort of money back quickly during a global lockdown than by hustling her heart out LOL.
But this silent Monday morning I know one thing … IT CAN BE DONE!
In fact IT WILL BE DONE!!
All you need to come back from any financial disaster is a good enough plan, the ability to take steps towards it EVERY DAY, and the flexibility to keep ducking and diving until you hit on the winning formula.
But from this point in .. I take on NO MORE DEBT in any way shape or form!
I come up with a plan to clear anything that is owed.
Then a growth plan to set my “new to me” business on the road to replace the six-figure hole in the coffers that has been created.
So back to the frugal living plan .. this time in concert with running a plan to massively increase my income over a short time to get myself back on track.
So unlike the last time – where cheap and cheerful all the way was my ethos, this time I will also be working to make sure I can self-fund any business developments that I need to put in place .. and in the beginning that may be quite a challenge from the standing start.
But I am glad to have you all along on the journey once more and beg your indulgence for any business news that leak onto these pages whilst I begin this journey to pull back from this Six-Figure Hard Stop.
But I know for many of you watching over someone’s shoulder as they bootstrap a business to profitability may ignite an entrepreneurial spirit within you to look at adding an additional revenue stream to your own coffers so let’s play it by ear and see what manifests in the weeks to come.
But today – I have already taken action .. I have a business registered, a bank account open and informed HMRC that I am out on my own again.
Now – as soon as the boys are awake and fed it will be time to strip our lives back to the basics again, find out how big the hole is and what resources we already have in place at home.
I am sure of two things – that the hole is much deeper and that the resources we have are much more abundant … because that is the way the Universe works!
Let the adventure begin!