Last year DH took on a job with the intention of buying the business from the owners. We moved town to do this, though we wanted to move closer to family so that worked out well. Due to supplier extending credit requirements to work with the previous business owners for a least a year we were going to buy the business but go into a new company as shareholders with them.
Well, things are going to pot. I've lost faith in the integrity of the people we are going into business with. I want to get out. I have advised them, in the nicest way possible of DH and my concerns and it's all up in the air. If we back out we will have lost a great deal of money, but I figure it's better than investing our life savings into something that might drag us under. I want to cut my losses.
You might figure that all seems cut and dried, just back out. Problem is, it's DH's life dream to own his own business. We had to close our own business about 7 yrs ago due to financial reasons and he was bitter about that for a long time. We've come to a great place in our marriage lately, despite the unbelievable strain we've been under and I don't want to ruin this chance for him.
DH seems fairly realistic about it though, and shares my concerns, but I'm scared that we'll end up with that bitterness between us again if this falls apart. It's also possible that my fear of the risks are driving me to want to cut and run and I'm using these problems as a reason to get out. I'm not really sure. My family think my concerns are valid, but they would be biased by me.
I see in these people only a concern for money and while that's not unreasonable for them to protect their wallets, they have even threatened to not pay an employee we've hired recently because it's close to the point of us taking over (expecting us to pay the wages I imagine, but I think the look on my face may have cut that conversation short). They forced DH to pay the recruitment fee for hiring the new employee (not extra but someone to replace staff that left in Dec last year and has been replaced with casual, temporary staff since that point). He agreed as the business desperately needed to hire someone and this person was the best applicant by far. This means that an employee paid the recruitment fee to hire another employee because he could no longer handle the strain of the workload and incredible amounts of unpaid overtime he was doing.
I'm sure they'll see it differently. They might see it as the business was doing fine and we are the ones who wanted to hire someone so we should bare the cost, even though we don't yet own the business.
I feel so much stress over this that my chest hurts a great deal of the time and I've been waking up in the middle of the night with what feels like anxiety.
Anyway, sorry for the long rant. I just feel like I'm caught between a rock and a hard place.
Well, things are going to pot. I've lost faith in the integrity of the people we are going into business with. I want to get out. I have advised them, in the nicest way possible of DH and my concerns and it's all up in the air. If we back out we will have lost a great deal of money, but I figure it's better than investing our life savings into something that might drag us under. I want to cut my losses.
You might figure that all seems cut and dried, just back out. Problem is, it's DH's life dream to own his own business. We had to close our own business about 7 yrs ago due to financial reasons and he was bitter about that for a long time. We've come to a great place in our marriage lately, despite the unbelievable strain we've been under and I don't want to ruin this chance for him.
DH seems fairly realistic about it though, and shares my concerns, but I'm scared that we'll end up with that bitterness between us again if this falls apart. It's also possible that my fear of the risks are driving me to want to cut and run and I'm using these problems as a reason to get out. I'm not really sure. My family think my concerns are valid, but they would be biased by me.
I see in these people only a concern for money and while that's not unreasonable for them to protect their wallets, they have even threatened to not pay an employee we've hired recently because it's close to the point of us taking over (expecting us to pay the wages I imagine, but I think the look on my face may have cut that conversation short). They forced DH to pay the recruitment fee for hiring the new employee (not extra but someone to replace staff that left in Dec last year and has been replaced with casual, temporary staff since that point). He agreed as the business desperately needed to hire someone and this person was the best applicant by far. This means that an employee paid the recruitment fee to hire another employee because he could no longer handle the strain of the workload and incredible amounts of unpaid overtime he was doing.
I'm sure they'll see it differently. They might see it as the business was doing fine and we are the ones who wanted to hire someone so we should bare the cost, even though we don't yet own the business.
I feel so much stress over this that my chest hurts a great deal of the time and I've been waking up in the middle of the night with what feels like anxiety.
Anyway, sorry for the long rant. I just feel like I'm caught between a rock and a hard place.
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