RE: How Many Disappointments Before We Quit?
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Ouch! Quitting because of bad luck can be a tough reality to accept after putting your best efforts to take a business off the ground.
I've heard of a similar story of a local bakery that had to be demolished by the government because the whole area has been "repurposed" while the owner already took out a huge loan to build the bakery into a high standard shop.
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Yes, it was definitely a painful situation. And more than the immediate, it also caused that business owner to give up on self-employment completely, and go back to work in administration for some out-of-town company.
Your bakery story is something I've seen similar to here, as well... but at least when the government exercises "eminent domain" for public projects (at least in the USA) they are required by law to compensate any businesses displaced.
Right. It could be a tough hurdle, subconsciously, to get back into the self employment realm, even when a good opportunity may present itself.
It's a bit different over here, the compensation doesn't come on time, it takes a while or the strategy the government sometimes use is paying it in portions. Besides, the total amount of compensation can be way less that the amount spent on "developing" the place.