r/Entrepreneur • u/rtguk • 2h ago
Business Failures Business is tough...
I had a multi million pound business until COVID wiped it out. I tried to rebuild as web dev, then AI came along.
I built a product for a niche and was going well but, rather naively, we had 2 clients and they pulled the rug. 3 hits in 5 years has been tough and for the first time I'm beginning to feel drained and doubting my ability.
I'm 45 and have had success and failures. Highs and lows.
I'm now running web businesses (Personalised gift platform, niche seasonal travel co) and a b2b project. Non are hitting the spot yet and it's becoming harder and harder to keep going.
I always had a focus to retire when I was 50 and was on track until COVID but since then I've not been able to get things back on track. I've managed to save a little cash in the bank but that is dwindling.....
Rather than put the barriers up to ai, I have embraced it and the b2b project has this at its core. But I do worry with the ease of AI software if indeed this is sustainable. I network regularly and the feedback on this has been very positive but b2b seems to be mega hard to get users to part with cash. And that's where I struggle.
I'm definitely an ideas and build kinda guy...I come up with an idea, research and build. The b2b project is a culmination of 4 different projects in one.
Christmas is around the corner (!) and hopefully the e-commerce might see some life. I honestly don't feel hopeful and worry about what will happen next.
It's just a rant I need to have.