My husband and I have owned and operated our small business for the past 10 years. We have a 4 year old son and want to have another baby but cannot because I (Angelika) cannot take time off from my job with our business to take care of a newborn. That, combined with the fact that we are under a severe amount of stress and cannot cope right now – especially with the physical side effects. Anyway, we run a dog-food manufacturing business. We work extremely hard and try to treat everyone as we would want to be treated. We don’t cut corners and we provide high quality food for dogs at the best prices we can.
We have been steadily growing, but last year, a combined, complicated set of circumstances between a supplier for treats that we provide and our distributor for those treats (basically our supplier became too busy and couldn’t supply us anymore and another supplier cost too much and our distributor who had been getting the treats for the same price for 6 years refused to pay anymore so we would lose money to keep selling to them) – led us to a drastic reduction in income.
Combined with that, my husband, who manufacturers the food with 1 employee has developed severe repetitive use injuries in his arm which has all but disabled him, but we cannot afford to hire someone else, so he is pushing himself through debilitating pain to try and make the food because it’s the only income we have. We have tried to sell the business but because of the drop in income last year, although it can be explained, it scares off interested parties.
We aren’t making enough money to survive and are getting further and further in debt. Right now between credit cards and lines of credits, we are over $300,000 in debt. This doesn’t include 2 mortgages (our warehouse and house). And it’s not like we live large. We don’t eat out, don’t go out for coffee or fast food, don’t go on trips, don’t buy things like furniture/appliances/cars/etc. on credit. We bootstrap and try to cut every unnecessary expense out of our lives but we are constantly short every month for basic bills which is just causing us to go deeper and deeper into debt. We try to get consolidation loans but can’t qualify.
We have invested 10 years into this business, so much work and effort and the frustrating thing is that our dog food is growing in popularity. We doubled the dog food sales last year. It’s just that double the sales but no treats still leaves us short. We could launch new products which would help, but we need about $100,000 of start up capital to get that going (at least) and there is no way to get that.
Right now I’m facing the fact that I’m short $10000 for my bills this month and every month is snowballs into more.
We’re desperate. We’re trying our best to grow this business and sell it so that we don’t lose everything we have invested into it over the past 10 years. We’ve put into it so much money (from insurance settlements, inheritances, etc.). The sad thing is that if we sat on our butts and didn’t try to build something of value, we’d be ahead. We’ve had so much bad luck, it would take a day to explain it all to you. Suppliers screwing us over, partners screwing us over, over and over, on an on the bad luck keeps coming.
We are desperately crying out to God for rescue and that led me to this site. Anything that could help would be so appreciated. I can’t even explain it.
Chris and Angelika