Reply to Incapable H goes deep in debt for new business, screws it up, ignores my help -at the end of my wits

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Reply to "Incapable H goes deep in debt for new business, screws it up, ignores my help -at the end of my wits"

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[quote=Anonymous][quote=Anonymous]Business owner here. He's probably stressed about it too. Sit down and decide on an achievable goal in X months, like by July next year, if the business has not made at least $100k, then you'll shut it down and move on. You both need to agree to this, and stick to it. If he doesn't want you "getting involved" then don't. Let him fail on his own.

As another poster mentioned, a good way to bail this out is to find a person to come on as a partner or even acquirer. Find someone in the same industry, like the owner of a competing business (if you want to sell) or the assistant manager of a competing business who is looking to move up a notch and hire them. You can indeed sell your business and then earn an operating fee, like your DH would work for the business as an employee and maybe take a small profit-sharing.

It was unwise to buy the property outright instead of first leasing (this works better for a stable busienss that's looking to expand), but that's the past so not much you can do.

What type of business is it? I actually advise startups on a volunteer basis. I may be able to give industry-specific tips.[/quote]

Besides helping with possible ADHD, this is sound advice.  Come up with a plan together.  There is no reason why this should be an automatic divorce.  That said, don't let it go on for TOO long or the financial stress of everything will destroy your family.  My folks are evidence of it.  My father was a brilliant man and decided to go off on his own and start a machinery company as well.  Mom was supportive as well, of course, but after years of missed deadlines, refusal to go back to an office job, non-payments by shitty clients, my parents' marriage had deteriorated to the point where my mother saw my father as an incapable provider for the family and that was the death knell.  They stuck it out but were never the same.  Mom went back to work, etc.

OP - support him but at some point, there is a cut bait moment (with the business and later on, perhaps in the marriage).  He needs to understand that.[/quote]

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