OrangeSideUp on Nostr: I’ve listed my Danish furniture importation/distribution business for sale today. ...
I’ve listed my Danish furniture importation/distribution business for sale today.
After three years of increasing worse annual sales here in New Zealand, we’re at the end of the road, having exhausted our investments including selling our bitcoin savings to keep the business afloat.
We’ve lost the mass-market we need due to inflation of our NZ money supply, and without their purchasing we’re go continuing to go backwards.
Last April, we sold our caravan and my classic motorbike to buy more bitcoin to replace so of what we’d channeled into the business. I refuse to sell this to fund my failing business, as I now believe I’d lose the business and the bitcoin. Without the hope the Bitcoin gives me for the future, I’d be in a very dark place.
If we can’t find a buyer, we’ll have a clearance sale to hopefully sell most of, but probably not all the stock, before closing the doors and adding the substantial business bank debt onto our mortgage.
It’s hard not to internalise my business failure and my personal failure, but I simplify can’t beat the money printer, and luxuries like beautifully crafted Danish furniture are simply not important when people are struggling to afford basic necessities.
If we were able to hold out to the end of this year, our bitcoin savings would save our business, but without the mass market we need, we’d still just limp along.
The knowledge that bitcoin will save my family and me, even if it won’t save my business is priceless.
I’m ready planning my next business, which will be in Bitcoin and without the need for 300k of furniture stock. My wife, Karin and I have learnt so much from this business experience and while I wish things had of worked out more favourably, I don’t regret the endeavour, the valuable experience and giving it my all.
I know these are ‘First World’ problems and I give thanks to being lucky enough to have these problems, but thank fuck for Bitcoin!
After three years of increasing worse annual sales here in New Zealand, we’re at the end of the road, having exhausted our investments including selling our bitcoin savings to keep the business afloat.
We’ve lost the mass-market we need due to inflation of our NZ money supply, and without their purchasing we’re go continuing to go backwards.
Last April, we sold our caravan and my classic motorbike to buy more bitcoin to replace so of what we’d channeled into the business. I refuse to sell this to fund my failing business, as I now believe I’d lose the business and the bitcoin. Without the hope the Bitcoin gives me for the future, I’d be in a very dark place.
If we can’t find a buyer, we’ll have a clearance sale to hopefully sell most of, but probably not all the stock, before closing the doors and adding the substantial business bank debt onto our mortgage.
It’s hard not to internalise my business failure and my personal failure, but I simplify can’t beat the money printer, and luxuries like beautifully crafted Danish furniture are simply not important when people are struggling to afford basic necessities.
If we were able to hold out to the end of this year, our bitcoin savings would save our business, but without the mass market we need, we’d still just limp along.
The knowledge that bitcoin will save my family and me, even if it won’t save my business is priceless.
I’m ready planning my next business, which will be in Bitcoin and without the need for 300k of furniture stock. My wife, Karin and I have learnt so much from this business experience and while I wish things had of worked out more favourably, I don’t regret the endeavour, the valuable experience and giving it my all.
I know these are ‘First World’ problems and I give thanks to being lucky enough to have these problems, but thank fuck for Bitcoin!