I'm Back And In A Bad Place

It has been nine months since I last posted, at that time I was full of plans and dreams about how successful I was going to be in my new venture.

All of my savings and superannuation money went into making sure that our Restaurant was going to be a wonderfully friendly place to eat, so we sourced the best ingredients, re-employed most of the old staff and opened on the 6th of July 2011.

My Sister was going to learn all she could from our new Chef and so we employed her on a part time basis only, this Woman knew her way round Italian food and her menus and meals were mouthwatering. she did not come cheap, but as we were going to give her few hours we thought we could afford her.

Who would have thought that after a week my sister would have decided that she did not want to work in a hot sweaty kitchen and followed that up 3 weeks later by going back to her husband. Leaving me to run the Restaurant single handed.

It was all downhill from there, our wage bill grew and grew at a quicker rate than our customers and it soon became appparent to me that this venture that I had sunk everything into was doomed to failure.

And so we closed down on Christmas Eve, I am heartbroken jobless and in more debt now than I have ever been.

Obviously there is a lot more to this story and I will fill in some blanks as I blog.

I have had a quick look through some of my favourite blogs and it's great to see the success you are all still making of your financial journeys, unfortunately I can not respond to all your posts as they have changed some of the comment formats and I havent managed to get my head round them yet, still I am out there lurking.