We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Crippling debt - but I can sell my business?

124»

Comments

  • Retireby40
    Retireby40 Posts: 772 Forumite
    Fourth Anniversary 500 Posts Name Dropper
    edited 15 December 2020 at 11:10PM
    Ryemck said:
    Found out there's experts out there who would jump in to help and take a portion of the profits
    So for example if I was to earn £100k after a year of them helping, we'd both get £50k. 

    This is with no set "equity" involved!

    But it's just a case of finding them :( only ones I've encountered so far, require £100k earnings a month at the minimum haha

    But there are no guarantees your blog and whatever you write about would ever be worth 100k a year. That's all fairy talk. If your business was even close to turning over half that you wouldnt be in debt and needing help.

    You've 2 options. Spend more time being active and developing content on your blog or get a "normal" job to supplement your income. You have time on your hands as you say you do minimal work on your blog.
  • alt80
    alt80 Posts: 4,685 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    Work on scaling your business up mate. 
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.5K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.5K Spending & Discounts
  • 247.4K Work, Benefits & Business
  • 604.3K Mortgages, Homes & Bills
  • 178.5K Life & Family
  • 261.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.