When is it Time to Give Up on Your Business?

Bed and breakfast businesses have taken a big hit with the recession.  As you probably have experienced first-hand, travel is the first discretionary spending to be cut when people are feeling a pinch, and baby boomers, the big travelers, are guarding their 401-k’s like crazy.
My favorite B&B has experienced this problem.  I wrote about Olde World B&B last year, after the new owners took over.  They are gone now, victims of the downturn and the very slow travel market.  The old owner took over the business, for which I’m thankful.  But I got to thinking about how difficult it must …read more