Should I make my dad CEO of my 10 yr old company? - - The business I founded is currently generating 2 million dollars annually, not very profitably but not at a loss.. kinda break even
- He’s very business savvy and there wouldn’t be a better ceo than him, and ... See More he’s willing to do it.
- I’ve proven I’m not the best ceo.. I like the product creation and branding side more than anything else and would continue doing that.

- I kinda feel like it wouldn’t be perceived well by others. Others might think my dad was behind the company all along, even though I created it and built it. He’ll make it massively grow I’m sure, and it might discredit to others what I’ve done.. but that’s ego stuff.

- edit to add: business is currently 100% owned by me, no investors and no board of directors

What do you guys think?

Things to do for employees for $10,000? - In our break room we have a vending machine. The employees don't know I own it and stock it. It makes about $10k/yr so I thought it'd be a nice way of funding an additional employee function each year, on top of ... See More the other things we already do (dinners two times a month, gift cards, yearly dollar raises). We have about fifteen people. Thoughts on things we can do? (Trips, activities, charity golf, idk.)

How are you making over 10k a month? - Basically title, could be your buisness or side hustle.

Starting to understand the high failure rates... - I'm currently sourcing all the required elements for my own start-up and was really surprised by how poorly a lot of businesses are run.

1. Company One had a salesperson who said they weren't sure how much their client services cost because ... See More they were new and asked me to email my enquiry instead...which they promptly ignored.

2. I agreed to purchase some marketing services from Company Two who were actively advertising for new customers. After I said I would like to go ahead with the sale, they stopped responding.

3. Online quote requests for Company Three went unanswered and when someone finally answered the phone, they told me the provided email address is actually an unmonitored inbox.

4. I requested pricing from Company Four, but the owner told me they were just on their way out grocery shopping, so I'd have to call back later. I did and they still forgot to send the quote.

5. I ordered paid custom packaging samples, selected colours, provided my logo, etc. Only to receive a random assortment of other people's paid custom packaging samples. The owner actually tried to blame me for this one, claiming I hadn't sent the required information. I pointed out they were responding to the original email chain with all the required information clearly visible two emails further up.

Surely this can't be normal for the average B2B interaction?

I make too much money & have no life - I have a dilemma :(

I got lucky with a business opportunity but now I work all the time and I'm constantly stressed.

I want to chill out but how do you justify it when there's so much money on the ... See More table?

do you work harder to earn as much as money as possible whilst the opportunity lasts, or do you try to have a life but make less money?

the amount of money I'm making, is like 10x what I was making in my job, that's why I'm conflicted

So burned out - I am so burned out right now that I want to close the whole thing down. Frustrated with my staff, customers and I have lost my passion for the market.

But I can’t. I owe the bank and government to much money. It would cost me ... See More everything.

How do you make yourself keep going when all you want to do is walk away? Literally all the stops me is the thought of losing my house.

**Update**

Amazed by all the replies and advice. Thank you !

As a start I am taking a 3 day weekend off, spending time with my family and enjoying some summer weather. Going to just try and relax and get a fresh perspective on things.

After the weekend will put a plan together, step by step, on moving forward and getting a handle on the stress points.

In 2017 I started a consulting company and made $0. - Actually, I spent about $3000 and did not get any revenue. But in 2018 I made $1000, and things began growing. By 2022 I brought in over $200k in annual revenue. Since inception, I just crossed $500k in revenue ... See More (🎉 - I didn't really have anyone to share this with, so I'm celebrating here) and about $400k in profit. Here are a few things I learned:

**1. Just do it.** Get to your MVP as fast and as cheap as you can. You can always make adjustments along the way. I launched and reached profitability before I even had a website. Stop waiting for all the pieces to fall into place and get out there.

**2. Customer acquisition is *everything.*** If you can get customers and make them happy, you will almost always succeed and keep growing. I hit some lightning in a bottle with my content marketing and it really changed my trajectory. You MUST determine how people will find you and make that easy for them.

**3. You don't have to go all in.** I started while working a full time job and that's the only reason I could afford such a slow growth ramp. Those first 2 years would have bankrupted me at the time if I had quit my job to go all in. Manage your risk. I wouldn't have had enough clients at the beginning anyway, and starting out part time took a lot of the pressure off. I could experiment more with product/service offerings, pricing, marketing, etc.

**4. There's a TON of luck in this.** I did a lot of things right, but in hindsight I definitely got lucky with some things. This was my 4th attempt at starting a company and the first one to really succeed (2 died on the runway and 1 was just a self-made job that wasn't likely to scale at all). And four years in, I still wasn't out-earning my prior 9-5 job. So if your first tries aren't immediate homeruns, don't panic or abandon ship. Just keep doing what's working and trying things.