Need some advice on a difficult business situation. Around…
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Need some advice on a difficult business situation.
Around 1.5 years ago, I took a small hotel on lease based on a suggestion. Things didn’t work out as expected, and I’ve been facing continuous losses since then.
It has reached a point where it’s becoming stressful to manage, both financially and mentally.
I’m trying to understand what’s the better approach in such situations — to continue and try to improve things, or to step back and cut losses.
If anyone has dealt with something similar, how did you make your decision?
Would really appreciate any practical advice.
#business
Around 1.5 years ago, I took a small hotel on lease based on a suggestion. Things didn’t work out as expected, and I’ve been facing continuous losses since then.
It has reached a point where it’s becoming stressful to manage, both financially and mentally.
I’m trying to understand what’s the better approach in such situations — to continue and try to improve things, or to step back and cut losses.
If anyone has dealt with something similar, how did you make your decision?
Would really appreciate any practical advice.
#business
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