Navigating the Complex Emotions of Business Ownership: To Close or Not to Close?

As a bar owner deeply immersed in the daily operations, I initially thrived on the challenges and joys that came with running the establishment. I learned the art of bartending and dedicated countless hours to ensure its success. However, life took an unexpected turn when I found out I was pregnant, and after welcoming my little one into the world, I returned to the bar scene but with a new perspective on my priorities.

At this stage, I’ve noticed some shifts in the business. While it’s still generating revenue, I’m no longer as hands-on as I once was. This change has sparked a recurring thought: should I consider closing the business, even though it remains profitable? Here’s a closer look at the complex feelings I’m grappling with:

1. Achieving Return on Investment (ROI): Having already recouped my initial investment thanks to my dedication, I acknowledge that I’ve accomplished significant milestones in the business.

2. Supplemental Income: While the bar is not our primary source of income, the additional revenue is a welcome bonus. It’s nice to have, but it shouldn’t overshadow my family’s well-being.

3. Shifting Priorities: My attachment to the bar is palpable, but I increasingly find myself conflicted. My focus has shifted to motherhood, leading me to question whether the business still aligns with my values and aspirations.

4. Ending on My Terms: I envision closing the bar as an opportunity to make a conscious decision rather than reacting to financial downturns. It’s crucial for me to have closure on my own terms.

5. Questioning the Environment: I’m becoming increasingly aware that the bar scene may not be the healthiest place for me or my family. Although I can choose how much I drink, the struggle with self-discipline in social settings has become evident.

I would love to hear from fellow business owners who have chosen to close their establishments despite them being financially stable. What thought processes guided you through this decision, and how did you come to accept that it was time for a new chapter?

A Quick Note on Selling: Selling the bar is an option I have contemplated, although I am not entirely committed to the idea. This business is woven into my identity, and I struggle with the notion of passing it on to someone else, fearing it might feel selfish to do so.

Lastly, I recognize that my dilemmas come from a position of privilege. I appreciate every insight shared here as I navigate these thoughts and emotions. Thank you for being part of this journey with me.