​Hello Onelife Networx,

My name is Rolando, and I'm reaching out to share a deeply personal struggle that has been weighing heavily on my heart. I am an entrepreneur, and for the past several years, I've poured my heart and soul into building my business. It's been a journey filled with highs and lows, but recently, the challenges have become overwhelming.

Financial difficulties have hit my business hard. Despite my best efforts to innovate and adapt, the numbers just aren't adding up. The stress of meeting expenses, paying suppliers, and keeping the business afloat has become a constant burden. Each day feels like a battle to stay above water, and I find myself losing hope and interest in the very dream I once cherished.

What makes this situation even more heart-wrenching is my team. My employees are more than just workers; they're like family. They've stood by me through thick and thin, contributing their talents and dedication to help the business grow. The thought of having to let them go, of seeing them lose their jobs and livelihoods, is something I can't bear to contemplate.

Yet, as I look at the financial realities, closing the business appears to be the most viable option. It seems like the only way to prevent further losses and protect myself from sinking deeper into debt. But deep down, a part of me clings to the hope that a miracle might happen, that somehow, against all odds, the business could get back on track.

I've spent countless nights wrestling with this decision, torn between my responsibility to my employees and the harsh financial truths. The uncertainty of what the future holds is daunting, and I feel like I'm standing at a crossroads with no clear direction.

I'm sharing my story here in the hope that others who have faced similar dilemmas might offer some guidance or share their experiences. It's comforting to know that I'm not alone in this struggle, and I'm eager to hear how others have navigated the complexities of entrepreneurship in tough times.

Thank you for taking the time to listen to my story. Your support and understanding mean the world to me as I navigate this challenging chapter of my life.

Warm regards, Rolando

​

Our Reply:

Dear Rolando,

First, let me say how deeply I empathize with your situation. The journey of entrepreneurship is fraught with challenges, and the weight of your current circumstances is undeniably heavy. Yet, your willingness to share your story and seek guidance is a testament to your strength and resilience. It's in these moments of vulnerability that true growth and transformation can occur.

Rolando, while the financial strain is real and daunting, it's important to remember that every challenge carries within it the seed of opportunity. Your business has been a labor of love, and though the path ahead seems uncertain, there are steps you can take to navigate this difficult period with hope and determination.

• Reevaluate and Reimagine: Begin by taking a step back to assess your business model. Are there areas where you can streamline operations or reduce costs without compromising quality? Consider reaching out to mentors or industry experts who can offer fresh perspectives and innovative solutions. Sometimes, a small tweak in strategy can lead to significant improvements.

• Engage Your Team: Your employees are your greatest asset, and their dedication to the company is evident. Involve them in the process of finding solutions. Their insights and ideas may surprise you, and together, you can brainstorm ways to cut costs, improve efficiency, or explore new revenue streams. Empowering your team fosters a sense of ownership and can reignite their passion and commitment.

• Explore Financial Support: Investigate potential sources of financial aid, such as government grants, low-interest loans, or angel investors. These resources can provide the necessary breathing room to stabilize your business. Additionally, consider negotiating with creditors or suppliers for more favorable terms, explaining your situation and your commitment to honoring your obligations.

• Pivot with Purpose: In times of crisis, flexibility is key. Explore opportunities to pivot your business model to meet current market demands. This might involve introducing new products or services, leveraging digital platforms, or tapping into emerging trends. Your ability to adapt and innovate can open doors to new possibilities and revenue streams.

• Maintain Open Communication: Keep the lines of communication open with your employees, stakeholders, and customers. Transparency builds trust and fosters a supportive community around your business. Share your vision for the future and the steps you're taking to overcome current challenges. This not only reassures your team but also invites them to be part of the solution.

• Nurture Your Well-being: Amidst the turmoil, it's crucial to prioritize your mental and emotional health. Entrepreneurship can be isolating, but remember that you are not alone. Seek support from friends, family, or a professional counselor who can provide guidance and encouragement. Taking care of yourself equips you with the strength and clarity needed to lead effectively.

• Hold onto Hope and Faith: As you navigate this challenging chapter, remember the words from Proverbs 3:5-6: "Trust in the Lord with all your heart and lean not on your own understanding; in all your ways submit to him, and he will make your paths straight." Let this scripture be a source of comfort and guidance, reminding you that even in the darkest times, there is a higher purpose at work.

Rolando, your passion and dedication have brought your business this far, and with perseverance and faith, you can overcome this hurdle. Embrace the journey with an open heart, knowing that every setback is an opportunity for growth and renewal. You have the strength and vision to lead your business towards a brighter future, and we're here to support you every step of the way.

With encouragement and faith,

Angelo of OneLife Networx

Dear Onelife Networx,

I am a business owner of a fast-food restaurant in Manila. I have seven employees. We've been operating the restaurant for almost ten years already. However, profit is not so promising. In fact, most of the income I generate from the restaurant is not enough to support my family. This is also the reason why I am still keeping my regular job. I am also working as a branch manager of a medium sized bank. I am not really involved in the operations of my restaurant. But as an owner, I am not immune to the day to day problems of the business. And honestly, It sometimes affect my performance in my day job.  Though I only visit the restaurant after my work since I leave the management of my restaurant to our Executive Chef. But sometimes, I still need to check on the restaurant during my office hours. 

My wife once told me to sell the restaurant while it's still in the black. Though profit is already becoming thin and we have to drop our mark-up because of competition. Lately, I realize that my business is no longer serving its purpose. I realized that I can survive financially without it as long as I keep my employment in the bank. However, I feel guilty because all of my employees are happy working in this restaurant. In fact, all of the current seven employees of the restaurant are the original employees when we started the business. Hoping for your advice.

Respectfully,

Jonathan Santos

Our reply:

Dear Jonathan,

What is your life's purpose? To help others or to become rich? If your goal is just to earn money and become rich, I suggest you sell your restaurant. Besides, what's the point of having a business if this will not give you reasonable profit at the end of the day. A business, as defined by society, must generate profit for it to be considered successful. Let me ask you Mr. Jonathan, is this also your way measuring the success of your business? If yes, dispose your business as soon as possible. But if you are not a profit-centered person and if you believe that your business is an instrument in helping others thru the employment opportunities your restaurant is offering society, then keeping your restaurant is the best option. However, if you plan to keep the business, try to involve your employees in keeping this restaurant financially healthy. They are part of the business, your employees should not just be loyal, but they must also be productive and must contribute something to the success of the restaurant. Remember, you hired your employees to help you in your business. If your employees are not helping you, maybe its time to let them go. Helping your employees should be one of your priority as a business owner. However, some employees are abusive, lazy, and have no concern in the survival and success of your business. Most of these employees are just after their pay check and benefits they can reap from the company. If your employees have these symptoms,  these employees do not deserve your generosity.