My brother’s 5 year old Swimming Pool and Backyard Company is failing. I want to help him salvage it because he has worked so hard, and has been successful up until now.
With the current economy crisis and the fact that no one can get loans or take out equity, etc. he has seen a significant decline is business productivity and new customers. In addition, he allowed his former partner to use his credit to obtain business and personal accounts…needless to say the outcome was not in my brother’s favor. His credit was ruined, and he is drowning in business debts. AND my brother and SIL are expecting their 1st baby. What a nightmare….I have taken over his business office and books free of charge, so that he can let his paid book keeper and office personnel go, and he has closed his office spaces and moved his office to his home so he can shave off expenses…..I’m trying to keep his overhead and outgoing expenses as minimal as possible….but he needs more help. UGH.
Are there any resources for small business owners in this type of situation? Is there any hope for him and his business? Can he possible seek outside investors or silent partners at this stage? Anything??
He wont go under, you can relax. I am a flyer deliverer. THe bussinesse i deliver for are small bussinesses. I deliver to 500 homes a day for them for only 5 cents a flyer. A black and white flyer with the bussiness name, what they do, how much it costs, and a coupon for 15% percent off on it will intice people to use the flyer. At this point what he simply needs to do is attract customers. He can deliver door to door and family members can to. create the flyer on the computer at home then take it to a printer who has a laser printer. Its alot cheaper than small home one. Drive around and look for all the people who have pools. put a flyer in thier mail box. Keep on doing it and somone will reply to them. Word of mouth will get around from them to. Its not over, just advertise this way. Its ceap and effective. take care.Microsoft Office 2010
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