Larry Soka year agoWell, there goes my agency. I’ve spent the last three years building a small social media agency, with 3 additional full-time employees and about 25 clients. I was about 6 weeks away from being completely debt free (made some mistakes starting out, took some predatory loans that have haunted me and eaten up just about all of my profits) and on track to break $300,000 in revenue this year. My niche is/was hospitality. On Monday restaurants and bars in my city were made to go takeout/delivery only, and it’s looking like they’re going to stay that way for a while. Some are closing altogether, some are trying to bring in whatever revenue they can, but all of them have been completely crippled. The accounts we haven’t lost yet, I’m sure we will in the next few days. I’ve already heard from a couple of clients who aren’t sure they’ll even be able to pay March invoices, which are now past due. We have a couple of clients that are trying to hold onto their marketing programs, so I may be able to scrape together enough revenue to at least keep myself minimally employed, but I’m 99% sure I’m going to have to lay off the rest of my team. I hope that when this passes I can make another run at it, but after being poor and struggling my whole fucking life I was really proud to be on the cusp of something I could call success. And I’m really fucking exhausted knowing that every sacrifice I made over the last three years was ultimately for nothing. I know a lot of people are losing their businesses right now. I’m not looking for sympathy. Just trying to get it off of my chest.0180
Larry Soka year agoWell, there goes my agency. I’ve spent the last three years building a small social media agency, with 3 additional full-time employees and about 25 clients. I was about 6 weeks away from being completely debt free (made some mistakes starting out, took some predatory loans that have haunted me and eaten up just about all of my profits) and on track to break $300,000 in revenue this year. My niche is/was hospitality. On Monday restaurants and bars in my city were made to go takeout/delivery only, and it’s looking like they’re going to stay that way for a while. Some are closing altogether, some are trying to bring in whatever revenue they can, but all of them have been completely crippled. The accounts we haven’t lost yet, I’m sure we will in the next few days. I’ve already heard from a couple of clients who aren’t sure they’ll even be able to pay March invoices, which are now past due. We have a couple of clients that are trying to hold onto their marketing programs, so I may be able to scrape together enough revenue to at least keep myself minimally employed, but I’m 99% sure I’m going to have to lay off the rest of my team. I hope that when this passes I can make another run at it, but after being poor and struggling my whole fucking life I was really proud to be on the cusp of something I could call success. And I’m really fucking exhausted knowing that every sacrifice I made over the last three years was ultimately for nothing. I know a lot of people are losing their businesses right now. I’m not looking for sympathy. Just trying to get it off of my chest.001510
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Larry Sok
Larry Sok