Hi All
Sometimes it can be hard to find people to honestly talk with, so I have a question for all of you out there in Irish cyberspace.At what stage do you think you should just put your hands up and say enough is enough, when it comes to trying to make a business work.
I started off about a year ago, and set up a cleaning business. its going Ok, but its a slog and Im only just starting to get good commercial contracts now. But Im just running out of money. My biggest problem at the moment is I have an investment property, where there is a shortfal in the mortgage. I checked out extending the loan to 30 years but even with the interest rate charges I cant meet it. So basically my option is sell the house and carry on with business, or get a job and be able to cover the remaining mortgage gap.
I just feel stuck and stupid. any advice appreciated.Thanks
Sometimes it can be hard to find people to honestly talk with, so I have a question for all of you out there in Irish cyberspace.At what stage do you think you should just put your hands up and say enough is enough, when it comes to trying to make a business work.
I started off about a year ago, and set up a cleaning business. its going Ok, but its a slog and Im only just starting to get good commercial contracts now. But Im just running out of money. My biggest problem at the moment is I have an investment property, where there is a shortfal in the mortgage. I checked out extending the loan to 30 years but even with the interest rate charges I cant meet it. So basically my option is sell the house and carry on with business, or get a job and be able to cover the remaining mortgage gap.
I just feel stuck and stupid. any advice appreciated.Thanks