This
Quote:
Originally Posted by MMMickey
This is our opportunity to shut down a business that hasn't made us any real money in years.......(I) have very little reason to pour my life's savings back into a company that has struggled to survive since before my time.
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Makes this seem like a forgone conclusion.
Quote:
Originally Posted by MMMickey
......and could, if I wanted to, just pack up and leave with what I have put aside for myself, and abandon the 120 guys that depend on us. But no. I will not do that.
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I have not read the whole thread but in all honesty while I have empathy for your situation I'd be highly reluctant to donate to something even the recipient does not believe in.
Why should I care more about them than you?
You feel you have an obligation to those 120 staff which is admirable and speaks highly of you but at the end of the day you don't believe in the business.
Leave your emotions at the door.
You had a struggling low profit business before the fire and now expect to run it in limp mode?
That's not a workable business case.
Those 120 people are going to be out of a job, the question is not if, it's when.
If it's your intent to keep revenue flowing until they find other work great, good on you. You are what we call a mensch.
But if you think this is a viable long term solution then you are kidding yourself.
You might be better off taking the donated funds and splitting it up as severance for them and move on with your life.
You seem like a good guy, your heart is in the right place, but that does not mean it's the right thing to do.
For you or anyone else.
In all sincerity I wish you the best.