I started a service-based business three years ago, and we just hit six figures in revenue (only about 10-20% is profit). I know exactly what I need to do to expand the business and grow in profitability; however, I hate this industry.
I struggle to find qualified candidates to offer the service. The clients are extremely demanding and high-maintenance. I hate offering the service myself due to the clients.
Has anyone else started a business they hate? I don’t want to just “give up” when the company could be successful, but I can’t stand this industry…
Different business, different problems, but root causes seem to be similar. Ever growing consumer and employee expectations in an environment of limited employer resources. Sometimes it feels like they want you to just give it away for free.
The pain points you feel may be your exposure of the gaps in this business model. Instead of being frustrated by those gaps you may develop a fire to change or revolutionize the industry - to both save your sanity and address those identified issues. This perspective has altered the way I look at my own industry and has given me a renewed passion for increasing (not just continuing) my participation.
Best of luck.