The Struggles of Small Business: A Reflection from the Trenches
As I sit down to type this, I find myself overwhelmed with a sense of urgency and concern for the future of my small electronics repair and IT consulting business. Having been in operation for nearly a decade, the past few months have thrown unexpected challenges my way, leading me to question the sustainability of my enterprise.
The winter months have traditionally been slow, but this year felt different. February was particularly harsh, witnessing a drastic drop in jobs—from over 30 per day to a mere trickle of 5 or fewer, with many of those being low-profit tasks. I assumed it was just a seasonal hiccup, a lull I could ride out and recover from in due time. However, March proved to be even bleaker, making it increasingly difficult to cover even basic wages for myself and my employee. We scrambled to keep operations afloat, often resorting to credit cards to finance necessary parts.
Now, as we enter April, I find myself in uncharted waters. For the first time in a long while, I haven’t been able to clear my credit card bill, and our monthly revenues barely suffice to meet ongoing expenses. To complicate matters further, roadworks in our vicinity have disrupted on-street parking, greatly diminishing the foot traffic we rely on. Though we’ve landed a couple of jobs, their profit margins barely make a dent in our overall financial strain.
Over the years, I’ve always managed to navigate through hard times—raising prices, diversifying my online sales, and maintaining resilience. However, things seem to be crumbling at an alarming rate now. With the impending arrival of my second child just weeks away, the anxiety surrounding my ability to take parental leave weighs heavily on my mind. There’s also concern about whether my dedicated employee can manage the workload alone during that time.
This post serves as an outlet for my escalating worries. I never expected to feel so out of control regarding a venture I’ve nurtured for so long. My hope is that by sharing this experience, I might connect with others who have faced similar crossroads in their business journeys. Perhaps there are strategies, insights, or comforting words that could emerge from this clamoring panic. After all, in the world of small business, we often find ourselves in the trenches together.
As I navigate through this tumultuous period, I remain committed to finding a way forward, for both my family and my business. Here’s to hoping for
