Money help: I got involved in a company for college age kids, running my own business, and working outdoors for the summer. - Help.com

I got involved in a company for college age kids, running my own business, and working outdoors for the summer.

I realize now that I’m in over my head, and because I wasn’t able to hit lofty goals I now find myself in even more debt than when I started, and the sad thing is that I have been working for over 7 months at it. I’m only 21 and have very little as it is and I see this eventually getting messy and owing a lot of money, what should I do?

This open post was written 3 months, 1 week ago | V/U/S: 65, 2, 3 | Edit Post | Leave a reply | Report Post

Reciprocity (0) Reciprocation Failure -- The poster has NOT helped anyone else yet!

Since writing this post dcook32 may have helped people, but has not within the last 4 days. dcook32 is not a verified member, has been around for 3 months, 1 week and has 1 posts and 2 replies to their name.

Post Tags (10)

college, Money, business, debt, Head, running, Wilderness, Summer, Find, hit (How Tags Affect Reciprocity)

Replies (2)

Where were you?

Click and drag to move the map around. FAQ: How we place people on this map »
You can also watch events on Help.com as they happen
Mouse over the map for 2 seconds to see an expanded, interactive view

skyy offline Verified User (4 months, 2 weeks) Long Term User Shouts: 45 #
An Undisclosed Location | 3 months, 1 week ago (5 minutes after post)

I wish i could help because it sound like you were/are really passionate about this project. Im sorry it didnt go as you planned. You need failures to succeed. All i really can say is learn grow and prosper

Quote this reply Report this reply to moderators
Help me with: The late great Bernie Mac has passed :(
alex ^3 offline Verified User (11 months, 1 week) Long Term User Shouts: 6 #
Philadelphia, PA, US | 3 months, 1 week ago (2 hours, 28 minutes after post)

dcook:
it seems to me like you’ve answered your question. if this is definitely going to get messy, then you have to cut your losses and get out of the business. one of the worst mistakes business owners make is digging a hole for themselves and then digging it deeper because they hate to accept their losses.

i know you don’t have much and this is hard. but 21 is so young! if you’ve got an entrepreneurial spirit, you can recover and try ten more times. at some point, you’ll succeed :)

it does sound like you have to get out of this mess and find a job that will help you get on even financial footing. do look for a job in the area that interests you, so you can get experience you need to do better on your next shot. another alternative is to pile on a little more debt and go to school again. the school will probably pay for itself if it gives you skills and connections that you need.

good luck!

Quote this reply Report this reply to moderators
Help me with: Wow - the NY Times is really going after McCain.

Invite Others to Help

A logged in and verified Help.com member has the ability to setup a Friends List and invite others to help with posts.